Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1907-07-18
MONEY SHARKS.
How They Fleece the Poor and Ig-
norant People.
Every Community In the State
Should Run Them Out of Business
By Taxing Them Heavy.

The City Council of Charleston ro
lures the money lending establish.
Incense fee of $1,000 for the nrivi.
iedge OF doing business. In prev ions
years the license required Of these
concerns was fixed at a much lower
hsure, but their profits have been so
enormous that the city authorities
| leit that they were more than iusti-
ned IN requiring the money lenders
10 pay license of $1,000.
These money lenders deal with
poor and ignorant people. mostly.
White and colored. They charge an
enormous interest, and once moor
Vlctim gets his or her name on their
DOCKS IL is almost impossible for them
10 get IL on. Some of these money
lenders are to be found in nearly
every town of the State, but we do
not believe that there is any of them
IN this city. Corporation Counsel
moHett, or Charleston, has prepared
number OF affidavits showing how
THIS business has been conducted We
copy this list from the News and
Courier, and we feel sure il will he
read with interest:
Anna Mitchell obtained on the
10Th day of May, 1907, a loan of So
from the White Banking Company i'm
Caihoun street, on which she was
charged interest of 81 a month. or
oo per cent. She also makes affi-
davlt that she borrowed 81 from Hull
& Co, in Wentworth street. and on
this loan she has been paying inter
est to the amount of $16O a month
ever since January.
David James, who lives in st. Phil
Up street, borrowed eighteen months
ago from White e Co., SO, on which
he has been paying 40 interest a
month. James is seventy-siX years
OF age and his wife is sixty-two years
old.
Julia Mack borrowed 50 from
White 4 Co., on May %, on which
she paid 40 cents interest on the
dollar the month.
Catherine Edwards borrowed s5
from the same concern i'm April, up-
on which she was required to pay
$l.SO interest a month.
Silas Brown borrowed from the
same concern 50 in May, on which he
was required to pay so cents on the
dollar interest each month.
About three months afo Sarah
BRADLEY borrowed 50 from Hull &
Co., on which she paid 81 interest a
month. She also borrowed So from
the Globe Society in King street, on
which the interest charge was so
cents a month.
j. j. Robinson, who lives at No.
Cedar court, borrowed SO from the
Southern Loan and Investment Co..
on which he paid 81 interest month
On the 27th day of June he made
affidavit before Notary Public AL
brecht to this effect, saying in his
hn
with the seizure of his furniture, and
that the following card had been left
at his house:
Joseph Robinson: If you don't
come to my Office and pay me at
once | will pull your God dam furni-
ture."
William Brown borrowed So from
the Southern Loan and investment
Co. He made amdavit on the 27th
day of June, 1907 that he had 2aid
$1.4O month on this loan. and that
the company still claimed that he
owed them $6.40. About July, 1906,
he borrowed from the same concern
$4, on which loan he paid $1.25 each
month, and on June 27th, 1907, he
made affidavit that the company
claimed that he still owed them $5,-
20 on this loan. A card was left at
his house which he attached to mis-
affidavit. as follows:
William Brown: | have waited on
you as long as | can, and you do not
try to come up to your promise. Now,
If you don't pay me at once | am go
int to come right down on YOU"
Charlie Edwards. who lives at 81
Drake street, borrowed from l.. Pa
trick, according to an affidavit be-
fore Notary Public Albrecht on June
27 of the present year the sum of $5,
on which he paid $3.50 interest for
five months, and then paid the origi-
nal loan in November. 1906. In all
on this loan / paid him $14, princi-
pal and interest" In November,
1906. Edwards borrowed from the
same concern the sum of $3 and
paid $1.4O month interest from the
| time of the loan until the making of
| his affidavit last month. 'In all !
have paid him $40. and he still
claims that | owe him the sum of
$4.40. He gives no receipt and
sign a blank mortgage"
| Lizzie Whitaker, living at 2S
America street. borrowed s. from
the Southern Loan and Investment
Company, in May. 1906. on which she
paid interest at the rate of $3.50 a
month up to May "a. 1907. In order
to secure this loan she gave a mort
gage on one sewing machine. one
stove. mating and one wardrobe, OF
the aggregate value of $50.
A coloTed woman living in st. Phil
ip street borrowed SIS on April 9 OIL
10. She still owes the full amount
advanced her, although she has beer
paying so-called interest at the
rate of $2.40 month.
Another coloTed woman, living in
South street, borrowed $40 from the
Empire Banking Company in March
on which she was charged SO {
month interest She has so fal
paid $12 on account and still owes
50cents on the loan.
A colored man, living in Cedar
street, borrowed. on May %, S5 anC
is paying interest" at the rate o
$3.50 per month
These are only few examples tina
are taken from the records in th'
Assessors Office and in the Office o
the Corporation Counsel. They shov
what the money lenders have beer
doing and they prove. If anything
could prove, the terrible drain thes
people have been upon the resourse
cf the moor and friendless in thi