The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-03-06
ASKS THE BOARD OF
COMMERCE TO ESTABLISH
PUBLIC LOAN DEPARTMENT


previous few days. One OF them,
however, had about as pitiful tale
o relate as any OF those who pre-
eded him. He was James Brown,
Poilermaker, OF Delray. Four years
| go he brought his wife and family
ut from a suburb of Glasgow, Scot
and He located in Delray and be-
an buying house on the install
nent plan. When he had $500 paid
n IL his wife had TO undergo an OPP
ration and his children We're taken
own with diptheria. He fell behind
t his house payments and was
bliGed TO negotiate a loan. He
atronized the American Loan Co.,
citing $50 on six payments OF
ITO each. After making four pay
|nents he found himself unable TO
Ieet the others and was advised by
|he American company TO borrow
$50 from the Reliance Loan Co.,
cross the hall from the American.
| lie got $50 from the Reliance on four
payments of 31O45 each. With the
ew loan he paid his debt TO the
american. Now he is in the clutches
III the Reliance company. To the
bitter he has made two payments.
nd the prosecutor advised him TO
|av' no more, for the present, at least.
The victim said that SO greedy and
evere was the American company
hat 1t refused on one occasion TO
bike payment which lacked 20 cents
III the amount required. Because OF
Inc exacting conditions, he was
| bliged 10 walk back home, to Delray,
|hen return to the American COM
aly's Office With the 20 cents, which
C secured from his wife, all the
honey she had, and once more walk
ONE. His misfortunes caused him
b forfeit the $500 he paid on his
ONE. He Is said TO be a hard-work-
.hg. industrious man, and his hands
bowed evidence of toll.
David Pepper, an aged man, limped
hto the prosecutors Office on one
DOT, the other having been lost in
n accident He said he borrowed
so from the American Loan Co., AID
Gas to pay $l19.70 for the sum, the
payments to be made at the rate OF
995 a month for a year Thus FAR
e has paid $5S. The prosecutor told
i'm 10 stop the payments for the t.ne
etng. fte victim said-hc was gt,ins
D st. Mary's hospital today. for fur
her treatment TO his leg.
Mrs. John Herring, living on l1a--
ison-ave.. said she borrowed $25 from
he State Loan Co., on the represen-
hilton of the company that she was TO
ay but SO cents interest. the pay.
lents to be $431 each for six months.
fter the loan was negotiated she
LIT hA tAi hn IN
lake six payments of $645A each :
hat the lower rate OF interest quoted
pplied only TO real estate security.
)he mortgage she gave was on Ter
nrniture. She, TOO, was told TO stop
or payments
II transpired. Wednesday morning.
the prosecutors office. that a suit
br 10000 damages was started
gainst George w. Quinder. man
ger of tife American Loan Co. and
'H. Williams, also an officer OF the
anne concern. few days ago, by
David A. Templeton, who lives in the
ellevue fats, Mack-aye. In his com
laint he represents that year ago
bst January he borrowed $50 from
he American Loan Co.; that he fell
ehind In his payments. and that. aft
r being threatened In various ways
] the company. was visited by two
ELECTORS. one OF whom read wha.
nrported TO be notice OF judgment
gainst him, while the other imper-
onated an ot,cer and proceeded To
orange the furniture. on which n
hortgage had been given for the loan.
|pi removal into the street Temple.
Ipn SAYS he grabbed the paper. and
u 1at a fight ensued. in which he was
ieked In the stomach by one OF tho
collectors. Since then he declares no
las been suffering from hemmor.
Ihage5 OF the stomach. In the fracae
Inc OF the collectors was stabbed in
I ne more wit n 7 icnifr and WIZ rafd IIp
Ior several months.
r II is said that the notice OF judg-
ient' plan was resorted TO after the
ompany had failed TO make Temple.
on come to time in the regular hound.
M manner The collectors arc said
T0 have replied 10 hts explanations
nat he was unable to pay with.
Well, we'll take 1t out OF your hide p
Nc more warrants we're asked for