Omaha daily bee., 1908-11-30

Ter oct Of this atate any such note without
such endorsement or who shall destroy the
evidence Of such endorsement shall D.
deemed guilty % a misdemeanor and upon
conviction thereof shall BE- subject 70 a
nue not exceeding Es or Imprisonment In
the county jail net exceeding nineV days"
The advertising or solioiting q loans at
a rate OF interest g~surious IN this state
By any compsny or nrsn located In another
state is prohibited under penalty. This pro-
vision il Intended 20 prevent FIRMS In towns
near The state line from flooding Nebraska
towns with advertisement for loans which
they could not legally make In this state
Agents FOR loan companies located outside
the state are required to execute a power
OF attorney with the county clerk desig-
mating and authorizing some person resi-
dent Ia tire county to accept service for
the company in suits filed against IL A
fine not exceeding 900 or Imprisonment
IN the county jail not exceeding thirty days
is the penalty provided for violations Of
the section
All persons loaning money at usuriOus
rates are required to keep a true and cor
rect record Of all amOunts loaned and all
interest charged thereon and shall imme-
diately credit All payments made on such
loans and shall give a written receipt for
such payments. These records shall be
open to inspection OF all persons against
vhom-he holds a demand for money. A
penalty OF Eco OF Imprisonment for six
months Is the penalty provided for viola
tons.
No salary Assignments.
In another section & r. provided all salary
assignments to secure asurious contracts
or notes shall be void.
Leases Of household goods containing a
provision Of sale are required to state the
amount Of the considerations separate from
the amount charged fer the use Of the
same and shall upon the payment of " per
cent Of the purchase price be considered
chattel mortgages and subject to fore
closure and redemption as provided by
law. All such leases that fail to separate
the consideration from the interest snail
be void.
Various other provisions require persons
charged with aking usurious interest to
answer on oath In court touching the
transaction and provide THAT agents may be
summoned as witnesses. but such evidence
shall not be used against witnesses In a
criminal prosecution. Complaints FOR usury
may be filed without a tender of the prin-
cipal as now required. Another section
I provides the court may TAX a fra@ha
attorney fee as costs against the defendant
in any suits on claims which are found &c
be contaminated with usury- This is C
enable poor people to prosecute or defend
their suits without expense. One OF the
principal bulwarks Of the loan sharks Il
the fact that their victims are too poor e
employ an attorney TO. fight their case fol
them.
Civil damages for the mental anxiety at
tending the exactions OF the loan sharks
are allowed in. this sections
ANY person OF persons who snail black
list or threaten to blacklist or otherwis'
advertise another as poor pay or dishones
because Of pleading usgry or who shall
threaten any personal violence or injury q
the person. credit or property Of anothe
with the intent and for the purpose o
coercing the payment OF a contract con
taminated with usury against the protes
OF another shall be ansWerable in a civi
action for all damages sustained. including
whatever sum the court or fury shah deen
/ Just compensation for mental worry
anxiety and anguish OF mind"