The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1902-10-30
WOMEN AS BORROWERS.
Honey Lenders Would Rather Lena
Them LsrHe Sums of Money
Than Small Ones

Although it Is much more dimcult
sor men to borrow large sums from
Chicago money lenders than 1t is Tor
them to borrow small amounts, IL IN
twice as hard for a woman to borrow
$50 as 1t is for the same woman to Sc
cure 500, says the Tribune.
Money lenders look with suspicion
upon the woman who wants to borrow
Q little money, and are as careful IN
looking up her references as they are
in investigating the standing OF men
who want large sums.
Money lenders explain their unusual
likes and dislikes in this respect by an
B elaborate system of reasoning, and en-,
force 1t with copious supply OF ex-
smples.
They say that while they take com
paratively small risk when they lend
a man = little money, the risk grows
in direct ratio with the amount OF
/, loan. They figure out a mans credit,
his habits and bis reputation before
they make him loan, and when they
lend him S25 they know as much about
him as they do when they make that
loan 500 or $500. They simply learn all
that is to be known about his credit.
The reason that they demur upon be-
ing asked to make large loans is that
what might be only small loss If the
debtor in 6 as transaction were to
fall 1ck, lose his income, or die in
creases to an unusually hazardous risk
when the amount of the loan in
creases.
With women this Is different.
woman will undertake a loan Of 5000,
experts say, and pay II more punctually
than If 1t were a matter of $40 to SIS.
With large loans they make the pay
ment a matter of strict duty and are
always in on time. In smaller amounts
they are prone TO let things GO until
the last minute, and this embarrasses
the money lender in the keeping of
his books.
The greater care with which women
seem to deal with large affairs Is well
exemplified In the cases of the business
firms which sell goods on time. When
the man of the house" superintends
the payments the credit agents OF
the house always figure In lapse or
two before the total amount is paid.
Especially Is this true when the amount
of the goods reaches a considerable"
sum. The man is more careless than
the woman about it.
Money lenders say that the women
carry this mania for paying off big
debt promptly into their dealings with
those who lend money. Many private
bankers are glGd to accommodate men
customers by making emergency loans.
These are loans which In amount range
from two dollars to $40 or SIS and are
supposed To be carried only few days
or couple OF weeks, when they will be
paid with the next regular installment
on the large debt. Few women are
able to secure this grade Of loans.
unless we have businesslike agree
ment In black and white, and unless
the woman gets the idea that the
transaction is one Of utmost impor-
lance" said one Chicago money lender
the other day, 1--WE may expect her to
be quite as careless as some men are"
One strange fact is that while ac-
tors are usually anxious To pay of
large obligations, as a rule, they care
no more about small ones than men
who are not on the stage. The arts
tic temperament, which is supposed
by some persons TO be incompatible
with the business instinct can have
little to do with this because the money
lenders aver that actresses are the
most careless Of borrowers whether
OF small or large sums, and that is
why actresses pawn their diamonds
when they want money.