The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-12-29

bank account my aaae q mind may b
lmA&insd. / vas about 10 Oomess - my
husband and then I stopped . th0ugne
Of a plan This 10 what I said; 'rR da my
haneIs
wen, 1 hung up tho reoolver In . hurry
wrapped up my diamond crOsOena-t was
ono q my wedding prsaents-calicd . cab.
made for the nearest pawnbrokers and
fifteen minutes later put for downtown with
500. That night l explained how I got the
money, and although he didn't like The idea
he consented to let mo help him out byp&Nn-
ing some more Of my jewelry. Before 10
O'Clock the next morning l had colloct1d $500
by Visiting four p~awnbrokers and leaving
a piece Of jewelry with each. and tha1s sum
INV husband admitted eased him over a
tight place Two weeks later l had my
jewelry back again"
Another young married related
with some satisfaction how on = CERTAIN
afternoon when 5000 wal much needed by her
husband she got it for him by recalling how
ad~miringly a woman with whom she had
played bridge had spoken OF one d her
rings. a diamond and a pearl mounted In a
unique fashion and valued ut $1,000
Il had never called On her personally
she said. -but 1 was quite sure I would be
welcome. 1 dropped in at the tea hour,
and. tho talk turning Of course TO h money
stringency / preached tho subject OF need
ing $500 and said 1 intended offering the
ring she admired as security. She tumblsd
at once. and I left the house with tho cash
and minus my ring: I never ocSid ave
had I not heard that Mrs. - and Mrs.
- had been trying TO raise money or
their jewelry and that the unusual circum-
lance excused any sort OF borrowing or
A we'll known pawnbroker said thstsAs
far baok az September an increase In the
number OF pledges OF fine jewelry began
20 be noticed and that the stringsncy in
then. And he added: During the sfx weeks
following the suspension OF the Knicker-
booker Trust Company and other concerns
the quantity OF fine jewelry brought 70 hare
was about double what It usually 10 for the
same length OF time. Occasionally. though,
a high priced piece would % handed In and
when the owner foucJ We could not lend a
large sum on il che would take IL away
again. For regular customers we Tried
70 stretch q point. but to the average
applicant during those weeks We loaned
only 500 or $500 at most. for we, were. not
flush Of ready cash any more than tho banks
WERE
action TO loan on valuable jowekry 5000.
but OF late we've done nothing of the sort.
and In consequence we have had sonno
pretty wordy encounters with women who
would hand in a necklace or an ornament
worth several thousand dollars. and upon
being told we could loan on it only $500 or
80 almost rave a At.
I'VE did our best. but 10 offer 5000 when
$500 or $1,000 was asked doesn't make any
woman feel good.
-'Do you know 1 was asked ankriIy
one day, tina this ruby pendant cost 81, 0OOs'
al am sure Of that, madam, / answered,
but the state OF our cash supply will not
permit me to loan any one person more
than $3.50
-The sum she wanted was 81. OOO.',
The Provident Loan Society, organized
for the benefit OF the poorer CLASSES. was
approached many times just after the panic
by stytishly gowned women wanting to
pledge jewels who had heard, they said,
that on occasion this society loans as much
as 81 900 TO individual borrowers. But that
was before the panic. Since then the rule
has been made and strictly enforced thai
until better times not more than 500 shall
be loaned TO any one applicant.