Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1900-06-02
PAwNsHOp MEN WANT REFORM,

NOt OiIv 10 tIlc iOuu SiltrkS 10 u
great injury to the name of the city,
but they also injure the business of the
legitimate pawnbrokers who comply
with the laws.
The decent pawnbrokers have formed
strong organization to fight the loan
sharks.
To elevate the standard of the pawn
brOking business in Chicago and to pro-
tect It's members are aimed at I'm the
formation of the Illinois Collateral
Loan Brokers' Association, the papers
of incorporation for which were filed
with the Secretary of State ut Spring
field OH Tuesday.
I'VE want to drive out of business
the crooks who for years have given n
bad name to the Chicago pawnbrOkers
as a class. There are self-respecting
men In the collateral loan traffic just az
there are In any other business. and
they are anxious to remove the stigma
that has rested upon them 80 long"
This was the explanation of Abraham
Wolf. one Of the incOrpOratOrs.
1t Is understood that one of the aims
of the new organization will be to So
cure the annulments of the municipal
pawners' law passed at the last session
of the Legislature. Good lawyers. It Is
said. have expressed the belief that the
enactment Is unconstitutional. and IL IL
Thought that the members of the new
association In due time will make a
thorough test Of It's validity.
Quoting from the constitution Of the
association. james A. Brady. 1910 Ash.
land Block. attorney for the assocla.
ton. described the aims of the society
as follows:
"TO promote the general welfare of
pawn and loan brokers'; to raise the
standard of business: to protect the In.
terests of the Individual members Of
the organization when for the good and
advancement OF all the members and
to furnish the members with advice
and counsel In matters affecting their
business
The association has forty-hvc mem.
bers. there being sixty.ive pawnbrok.
ers In Chicago. II Is proposed to issue
u certificate to each member on the
plan of the Ticket Brokers' AssOcin-
ton. and this IL intended to be guar.
anty to the public that the holder IL
worthy Of patronage. The constitution
provides for a rigid observance Of the
state and municipal laws affecting
pawnbrOkcrs.
| The form of the certificate II as fol.
lows
| This II to certify that - Is n
member 0f the Illinois Collateral Loan
Brokers' Association In good standing.
having complied with the rules and by
laws. - therefore Ii commended
to the patronage and confidence Of all
persons.
(SiEnature of officers and seal.)
Daniel Colder has been chosen Treas.
urer Of the association. Abraham
Wolf Is Vice President and Walter Il.
Harris Ii Secretary. The other officers
have not been chosen.
Treasurer Gcldcr said that one OF the
aims Of the organization was to have
all mortgage loan men amenable to the
same laws as pawnbrOkers. "They are
doing practically the same kind Of bust
ness as we are doing" he said, "anIl
consequently they should pay the same
license fee. $500. To-day they are pay'
Ing nothing. We want them to report
all their loans to the police. just as We
are compelled TO do. by this method
We believe that much more stolen prop
ertv wOIild no recovered"
DETECTIVES ALWAYS At wEBER's
Jake Has Men on Hand All the Tim,
TO Protect Him.
The Police Department Is run In the
interest Of the money sharks.
There IL no doubt Of this fact.
O. W. Potter aud thousand Othel
citizens mag be robbed Of all thell
wealth by porch climbers and the pO
lice never make IN arrest or recover q
dollars worth of their property.
But let a gang Of crooks threaten Il
take one cent or 500 from the money
sharks and the whole police force beat
the thieves to the scene to head on tn,
crooks with warrants sworn out In nd
vance.
The Webers are especially well caret
for In this respect.
Sunday papers contained the follow
Ing bit Of news. which explains itself:
detectives Riley and Cannon. Of TIN
Harrison Street Police Station, IRE sal.
to have broken up u band of alleges
fOrgers who have piled their trade will
success OF late among mOney.lender
In various parts OF the city In the arres
OF Michael Madden and Edward Brad
dock, alias McInerney. The men ar
charged with an attempt to swindl
Weber Bros. mOney-lenders ut "a
Clark street, out Of 500. by represent
Ing themselves us city employees.
Friday, 1t is charged, they approach
cd Jake Weber, one OF the firm, an,
asked him for u loan OF 800. Madden
according to the allegation, representa-
himself as member of the stan O
City Electrician EllicOtt, and Offere
RratdOck, who gave the name Of MI
Inerney. as his indOrser. Weber IN
been notified by Cannon and Riley q
the work of the men. and he pretende
to fall In with their scheme. Paper
were drawn up. Madden made an III
slgnment of his supposed salary. an
BraddOck signed his name as indOrse
of the notes. This done, Weber wen
to the rear of the store, Ostensibly I
get the money for the men, and the tw
followed. Instead of cash they wer