The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1905-04-13

The Tallahassee Capital editorially
says: One of the most useful hene.
fetal ami greatly needed bills yet
introduced in the legislature Is that
offered in the house on Thursday by
Representative ]. Campbell Avery, OF
Escambia, to regulate the business OF
money lending on household or kitchen
furniture, or household goods, sewing
machines, tools OF trade. musical in
struments, typewriters, wearing ap-
parel, or like articles of personal
property, and the sale or pledging OF
wages or salaries: to fix the fees and
charges which may be made on such
transactions; TO prescribe require
ments and conditions under which
such business shall be conducted; to
provide for licensing such business,
and declaring such licenses void; 20
prescribe conditions under which
criminal warrants shall issue upon
af1davits Of money lenders under this
act, their agents or employees, against
borrowers or vendees; to fix penalty
for exceeding certain rates Of interest,
and to provide penalties for violations
| of this Act.
| Mr. Avery's bill, If enacted into
law. win prove an effective corrective
OF a many-sided evil. It VIII strike q
hard blow to the most insidious and
merciless species Of extortion-which
often amounts tc robbery-and it will
supply a formidable check upon thiey-
cry. Other good results viii be oh
tanned from the proposed legislation
among them the revenue derived from
license taxes, which will, to that ex
tent, relieve the burden of taxpayers
and 1t is for the best interest of the
people of Florida that Mr.. Avery's
bill shall become law.
This bill provides that no person
firm or corporation shall engage gen
orally, regularly, or collaterally TO any
other business, IL. the business Of max
ing loans on household or kitchen
furniture or household goods, sewing
machines, tools of trade, musical in
struments, typewriters, wearing APP
parel, or any articles of personal prop
terty without first obtaining license
4 for carrying on such business in the
lefty, town or country, or both, II
which said business is to be transact
ed The applicant for license shall
before it is issued, file with the Office
authorized to issue it, a statement, Oh
oath, giving the location where sucl
business is to be conducted, the nam,
of the private and business address o
the applicant if the license is an in
! diyidual, the names and private ad
dresses or each of the partners If tn
hcensee is firm, and the names an;
private and business addresses y
each Of its oflcers il the licensee Is
corporation. and in case of a corpor,
ltion, the state under the laws of whic!
!. 1t Is organized.
The second section provides that n
license shall issue 10 any person o
concern to carry ON SUCH bushes
!, until the applicant shall file with tn
tax collector an approved bond in tn
sum of $4,000. payable to the COWS
nor, for the faithful performance b
the licensee of the duties and pbligs
: tons pertaining to the business an
the prompt payment of any juds
ments which may be recovered agains
the said licensee on account Of dan
; ages sustained by persons havin
: transactions with such hcensee, an
the sureties may be joined in an
such suits.
The next section provides for T,
: curing, by the tax collector or gran
? jury, of additional bond with add