The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-06-23
q & ~ q
MONEY | ENDERS
ARE |M'||.E| ::
Some Boldly Confess Having.
Grown Rich BY Bleeding
Process.
TELLS 4 pI7IFuL STORY
Money Shark VIKINGS Pittance
From Starving
Widow.
TELLS A PIT!FyL STORY

tain i ~ money honey lenders lenders IN Richmond
has attracted the attention OF many
citizens other than these uncertainties
WI, whose business it is to Investigate.
one gentleman who has looked Led int .,a tbs rs
to 81 nrof such mild word
may be used in this commemorate IA e. Iar
more enormous than any orc imasine
The rate charged by the 9 ana one
can quickly calculate that this percent
age would very soon double, treble Or Or
syeh au5s asiness ' but feW realize
the enormous proportions to which this
graft has grown !
The oaaS R s sve The risks
it'll little or or no security given them and that
their losses soon So Tie bp rate Of interest,"
In other words, that the extortionate
Charges they make is lin the end Only
Tbat Els ahd is entirely is untrue is
demonstrated
The Times Dispatch is told by the gen
tleman spoken OF abo o tna1 mere ef rs oo
In which the capital invested considerably
less than Ave years ago was less than
four o shof ta ye;5S rstasse 81
it-s25, 900 from less than 5000 IN less
than five years!
Was Not %DenleQ.
The Times Dispatch man, in looking into
this subject, interviewed one OF tne II. nea ~
ayers who helped to make the $Io,oU
and asked for verification OF the ABOVE
figures The reply was: a"'Those usures
are not exact" but denial Of their
truth was not Forthcoming.
The manager then remarked. as II TINS
case were nothing remarkable: But they
happen like that right often. 49,
Another gentleman, when shown these
statements, said that he had watched me
progress Of the movement against these
money lenders since The Tlmes-Dispasch
had first offered legal aid TO those WIG
could not stand up against the "e'sht
Of the heavy interest. ~
and he declared that he had been ap-
proa ched by one Of the firms at one time
for the purpose Of getting him to repre-
sent them in a case. ne had gee aeti, ne "a III
or loa n Off &C be established which Wouid
pay those who bought the stock a .iaI
dividend and no more, and when Woulu
parlson moderately rate of interest let
ting all the profits over the legal rate
to the stockholders go to increasing the
capital. 49, =, Nav,
York. !" he said. There members Of the
Jewish church run purely charlta o. PIE
bank This bank has done inestlmable
frying merely to keep hunger from their
chiidren. but in aiding those who We're
Industrious and sober and who desired ar 70
start a business Of their Owl WI ~ MaH 10 2
rowed from twenty-five to fifty dollals
from this bank, and with this small
amount has gone Into some sma i, i t ~ a.
Some have started small manufactorits
and these have grown. And the strang-
est thing about the whole affair Is thar ln5
nearly all borrowers have not only paid
back their debt in full, but have made
some donation to the capital.
Makes a Suggestion.
he 20 Called: why don't some of the pa.
pers here start some such movement -
f fI. in the courts. But / suppose 7
Some Of the, stories told the reporter or ;a'.
tbs tb wef deep 5f heasrt
which always attaches TO bjeet poyertys
struggling for bread TO- eat stor es or
widowed Who n1 hss fo 20 foy
4 hose Who we're we'll Stories OF men out
OF work, who borrowed because they
must, In order to feed those dependent
of a Sbisinessa Of this character ten Of
his own methods, and when the reporter
WPs so y Ss fSIRFss az ths
We love 10 see others suffer? DO you
think We would work for these people
II there were anything else to deg II yoq
viii Give you a case which ought TO be
convincing and he related the follow-
ing:
A Cruel Man.
,.There was man working for the
Richmond Cedar Works, who from time
to- time was for1ed by one thing or an
other 10 borrow money from the firm III
question at n rate of,not less than zen
Per cent per month This was btG PRS yea
from them eight times and PAID INTO Lhs
would often pay on his loans sunttl they
were considerably reduced and all wiped