The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1910-12-03
MILLIONAIRE PAwNsRoKER
Horace Henry, Born in Bennington,
Starts Novel Business

otdFtS NOVEL buSlneSS
The following from a recent issue
OF a Seattle, (Wash) newspaper will
be of interest to the people of Ben
nington for the reason that the sub
ject Of the semi-humorous and semi.
serious editorial is a native of Ben
nington
III. G. Henry-Pawnbroker, is the
new sign which IS announced for one
of the windows of the White Building.
Ordinarily a sign like that would not
be considered worthy OF editorial com
ment, but when one stops TO consider
the personality of Mr.. Henry it is not
only deserving of comment, but also
Of commentator.
what we like most about the idea
Is the naive announcement by Mr..
Henry that he is mot philanthropy
ist' That IS true. He is not Mr..
Henry is probably one of the most
clumsy Dispensers Of his millions Of
any man in the Northwest-while a
phi'anthroplst Is one who is clever
In the art Of letting everybody know
Just how much he is giving away with
cost 10 himself
Mr. Henry expects TO make money
out OF this new scheme OF his and we
hope he will. He expects to make
enough to pay the cost OF the help,
the rent. the heat and the llghi-and
there Is no reason why he should not.
he is not going into pawnbrokerage
business with any idea OF lending a
man a thousand dollars on the secur-
ity OF the family album. and we could
not expect him 10 do so he couldn't
sell that at auction for thirty cents
and he would not even care to take
II home with him as an adornment to
+ the par'or table.
But what he Is doing Is cutting
down the rates which the ordinary
I pawnbrokers charge and making II
4 possible for q family In distress Ia
sacrifice a little jewelry or n little
/ expensive furniture IN the way Of eX
changing uxuries FOR necessities with
ont giving up all for n very little,
1.-THE plan as he has announced IL
contemplates n profit OF about 36 pei
cent a'year. instead OF about 100 pei
cent. Mr.. Henry Provides the capt
tai and asks from the patrons OF the
new institution a return nj less thar
one.third the present charge In nd
ditiou 10 that he provides the mach
inery for the making Of these small
loans and he expects 20 be reimhurs
ed for that expenditure.
"As he SAYS, he Is not a "phllan
throplst," hut he Is one Of the hes
friends the poor people OF Seattle
have ever had and he has starte,
something with his own money whlcl
should have been started long ago"
Horace c. Henry who Is today on
OF the substantial citizens of Seattle
wash. Is 4he son OF the late Pau
Mandell Henry and was horn on tn
known rs Hinsdillville. lie enlisteI
home farm In the section locall'
rs q young man ~ Company A, CON
handed by Capt r o. Gore. OF m
iith Vermont regiment. as orderl
sergeant and was mustered out wit
the remainder Of the regiment In Jul
1868. After the war he went Yves
and FIRST located IN Minneapolis. II
nus oten lnleIeSieu loI Nlttl Vo
ton Of his life In railroad contrac
Ing and Is stlll ENGAGED In that huI
mess but suhlets his work As WI
be observed from the editorial quote
haova he has been unusually success
ful financially and is held In hlr
, esteem IN the community In whic
, he now lives. II. S. bingham OF hi
village. who was on the coast 10
years ago. made n Visit 10 Seattle nm
one Of the pleasant memories OF h
trim Il the royal manner In which b
was entertained az the home OF NJ
| Horny