The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-03-01
This Campaign WILL =A0I
I. STOP UNTIL EVERY LOAN
SHARK IN CITYIS ARRESTED
PROSECUTOR sHEPHERD.
Papers Prepared For Four More
Warrants and Others Are
To Follow
MANY TELL TALES OF WOE
Prosecutors Office Besieged by
Victims Who Relate Stories
of Extortion
MANY TELL TALES OF WOE

This campaign Is not going to stop
until every loan shark in Detroit Is
under arrest" declared Prosecuting
Attorney Shepherd. Friday, as people
with complaints OF INSCRIPTIONS deal
ings continued to stream into his
once with fresh stories OF extortion.
Papers. Were prepared Friday morn
ing for four more arrests. II was the
intention to secure the warrants and
nave them served at once, but Assist
ant Prosecutor Keiden, who has the
work of rounding up the sharks In
charge, was so busy listening to COM
plants and getting more evidence.
that he had notNtime to 90 to police
court, and the arrests may not be
made until Saturday.
The great trouble Mr.. Keiden finds
is not in securing the evidence, but
In getting the names OF the men at
the head of the loan companies. These
men Keep their names In the back
ground, and do business under firm
names, which they fall to register as
the law directs. Nearly every con-
cern has manager, bookkeeper, an
auditor, collector and other on
GERS. and when complaint Is made
the blame is shifted back and forth
until in many cases the prosecutor Is
puzzled as TO o--the proper person
against whom to proceed.
One OF the worst offenders, Prose-
cutor Shepherd says, is the American
Loan Co., in the Chamber OF Com
merce. Located in the same building
and just across the hall Is the Rel!-
ance Loan Co, which is owned by
the wife OF the Chicago man who coli
trolls the American. II is a favoritc
trick of these two concerns to play n
victim between them until they get
everything he possesses, Shepherd
says. The prosecutor was told OF a
case i'm which man borrowed $50
from the American, for which he
promised to pay 1920 for thrco
months. He made the first payment.
bat failed with the second. and then
II was suggested to him that he bor+
row from the Reliance. He did this.
and before he had the two companies
paid had given to them $3.50
Another man borrowed $50 from tho
Detroit Mortgage Loan Co., and
agreed to pay $3.50 in 10 monthly
payments. When. he fell behind II.
his payments, the company sent a
man to the house. who made such
threats that the borrowers wife was
frightened into Mysteries. When the
husband demonstrated, the company
sent collector to his employer, keep
ing the collector going so often that
the employer became annoyed and
discharged the man.
Alfred Jackson, who Is charged
with conducting a loan Office In the
Hodges building without license,
was arraigned on two warrants, be
fore Justice stein, Friday noon. and
pleaded not guilty, his hearing being
set for March 8. He was released on
his personal bond.
Jonathan Clutton, Detroit money
lender, who is among those facing
prosecution In the loan shark cam
palgn, is hurrying from Florida TO
this city for arraignment. He has
been wintering In the sunny south,
Justice Stein announced that
money lenders who are not local
residents, and who are complained
against, will have to furnish cash
BAIL and will not be allowed to go
on their personal recognizance, as
has SO far been the rule.