The Way Pawnbrokers Flourish

Few of our MUlHI aro prolmbly aware if the immense extent to which tho poor ii this city mfike une of loans f rom the MMntimfceni nhops. There are hi New I ïork and Brooklyn eomo 400 of Umsm, ïnd in Jorspy City and Hobokcn 60. j Tliey wlvanoe to the cour dui-iiig ettffc mhv some $4,000,000. Tlicse loans ai-e usually for thirty days, and the rake of iiitci-eBt ia f rom 8 to 10 por cent. per ïnonth. The urticle pledged for the loan is usnally tüuwe timos the vnlue of the snm lent. and is verv oftai never (tremed, owing to tUe ÜateeM tH puvarty. of the pËCM(B borrowiug. If tlie interest ja ivom 8 to 10 per cent. per montli, ït will be seed that tita pawnbrokers mle nenie 100 per cont. ou thcir Joans, M about .H,000,000 lauiually from the poor ; uid it is not improbtibk tliat they get as mueli more friru the sale of arücles pawiied. - .