Show J Jrr rr 1 Making the Loan Shark Let Go Wide Nation Campaign to Protect Protect Pro Pro- teet Workingman's Pay 1 Which Has Been Prey of ofIL Since the IL Money-lenders Money tl Time q p of Esau Continued From Prom l This Section all bi I not ot- ot provident enough in falling failing to have havo any savings saving to invest Ii D Deducted ducted Usury ink lu in Ad Advance k In Iii New York YorI before the law played L JI bull hull in Sn the tho china shop with tho tIto usurers fI and their clients several methods had 11 f boen been propounded which afforded hopI hope hop 1 I I of or relief rp through the action of or employers employers em em- their having tho welfare of ot I J p workers at heart Jacob GImbel to j the Merchants Merchants' ts' ts association o of or tho the Rusi Rus- Rus fi i ell sli Sage Sago Foundation explained how his l 1 firm had assumed the rob rolo of ot protector iI toward all nIl of ot its who found 1 1 th themselves In Jn danger of or being devoured III by the tho sharks Infesting Philadelphia Experience has shown that tho the Phila- Phila f sharks would give a clerk clere no nomore noI I more than JIG 16 IG on a a. loan which amounted amount amount- 11 II it i ed to 2 25 thus deducting their usury in advance biting advance biting off art the poor devils devil's I fingers before the they let him lift un his water Then they gnawed r 4 head above 1 i off oft a an extra bit of at his hand by taking I 1 for investigation Then they let him go 0 crippled to repay them In monthly Installments The Tho firm when such c cases seg came to their notice Instead of or discharging the miserable debtor de turned tho the case over to their own lawyers lawers lawyers law law- ers who took tho the loan lonn shark sharI In hand and calmly told him that unless ho would accept precisely what the debtor had received plus legal Interest t to date indictment for tor usury would en en- sue The shark shari rarely had the nerve mako malco the threat of to KO tro so far as to Indictment necessary when hen h ha he did prove stubborn ho was vas only too glad gladI to accept the tho settlement proposed rather than risk the tho Invocation of ot the I law I aw lawIn awIn In Philadelphia the thc fight tight on the I sharks under tho the laws a against usury brought t up from the depths one ono monster mon men ster str st l' l of ot the system tem n n. veritable krakon who was w r reported ported to have havo from fifty to ent seventy five loan Joan offices In various arlous parts of ot the United States He was D D. H. H Tolman who vanished from public view Ie as soon as ns the police began their activities He lie operated with women wornon as his office managers and as it appeared appeared appeared ap ap- ap- ap from the wide nation expose that followed was as as loyal to them as ns the shark hark is to his pilot fish Fought Through Many Ion Courts Court Hugh Huh M. M 1 Alcorn states state's atton attorney y of ot Hartford Conn wrote to Mayor Blank Blank- of ot Philadelphia that ho he had driven en Tolman from Crom Hartford but had captured and nd convicted the woman ho housed US used d ft as his office luro lure Tolman pro pro- tho the woman oman with all the power of or his wealth and fought her conviction conviction tion twice through the courts of If f error up un into tho United States supreme court until at last by the highest tribunal in the tha land her sentence of ot sixty days in jail and fine Cine was inexorably affirmed Slip She was at large e under a bond of or When thero was no longer any ally possibility of escaping her har sho she fled the tho state and forfeited tho the bond which Tolman her employer paid Tho loan shark under various guises op operating with capital ranging from to rind and Invariably ly pitiless piti less les In his exactions has proved to be limited to no one hunting ground however hoever however how how- ever extensive His habitat Is the tho whole whole- United States His IUs appetite will snap nap at a morsel as avidly l as at A square meal And no laws ys la S however drastic In n their provisions suffice to r restrict him unless ss their enforcement be stringent stringent stringent gent and persistent South Carolinas Carolina's usury laws wore re revised revised re- re In 1904 with special intent to protect tho poor Yet negroes doing laboring work at 90 cents a da day are arc still mercilessly robbed of per cent Interest on loans for 3 53 which ma may have ha been taken out as in one ca case cae e cited to save an old mother from the fatal ending of or an Illness that made medical aid Imperative Chattel mortgages mortgages mort mort- mortI I gages on the miserable furniture tho the I Ivalue value of or which Is not more than 26 give Ive security and furnish means for Cor evasion of ot the tho law Somo Some of ot the sharks are aro people who were born to excellent social status their most ost severe punishment pun pun- so long IonS as the they are careful to ob observe the laws law's letter Is social ostracism About the only depth to which they have havo thus far failed tailed to descend de do- is the taking pennies from dead mens men's eyes That custom however has haslon lon long been heen In disuse so th there re are no dead mens men's pennies to be bo levied on Socially There Bad as conditions have hn been in South Carolina the circumstance that tho the community as a a. whole repudiates the I miserable wretches who thrive as loan sharks stamps its moral tone as su superior superior superior su- su to those northern cities where a n. usurer can be accepted both socially social social- ly and financially When Milwaukee this year ear embarked upon Its crusado crusade th the Wisconsin laws so 50 liberal as to allow 10 per cent on borrowed money contained provisions which made tho the crime of ot usury SUr punIshable punishable pun pun- by both fine and Imprisonment Tho The consequence was that several of Milwaukee's loan sharks prominent In Inthe Inthe Inthe the social and business world wore ware sent to prison for terms which although al- al al although though brief promptly persuaded them of the error ot of their ways was It developed devel devel- that tho 1 mr q nf nt UL th H U U h J Milwaukee kee railroad rond alone l th there re w were r 1200 men whoso whose wages were wera mortgaged to the local usurers When the authorities authorities authorIties author author- were cre seen cen to to bo be In earnest In their prosecutions for tor imprisonment Instead in instead instead In- In stead of or fines tines very every ono ono one of ot those 1200 men received notice of ot release from his usurious bond The salary alar l loan an business as 38 practiced In New York where perhaps it has attained Its greatest and most dangerous dangerous dan dnn- Js erO development early earh presented It Itself itself It- It self to modern philanthropy as an evil ovll deserving Immediate investigation The Tho report prepared by Dr Clarence W. W under the direction of the tho bu bureau bureau bureau bu- bu reau of It social research arch of tho the New York School of ot Philanthropy and mado made public public pub pub- lic lie by the Russell Sago Sage Foundation covers with much detail tho the system as asIt asIt asit it exists and reviews the remedies which present somo some expectation of ot ef ef- ef But the tho subject Is Infinitely complex and it It- seems likely that no noone noone noone one salvation Is 18 to be bc found particularly particularly In those fields where the population population population lation reaches a a. million or more Yet conditions in some one locality or trade or class of or people ma may Indicate one ono means as tho the best Employers in iii operation co-operation ma may ac accomplish accomplish ac- ac great good In enabling their workpeople to defy tho the extortions of ot the usurers Some stern revision of ot the loan sharks' sharks advertising methods with operation co b by tho the authorities authorities ties could restrict their operations Exposures Ex Ex- pos by the press can check if not riot wholly destroy destro the thc more flagrant lo local local lo- lo cal evils The establishment of ot loan offices designed to aid only those In actual need and at moderate interest charges char es would furnish effective com corn petition And laws giving the state proper control of ot the loan business business' within Its were believed to be bo practical means to tho the end ond If I planned with a Judicious caro care for pro gro- somo sorno way of ot satisfying ho tho dire I needs of ot the tho poor for tor temporary 10 loans ns In which the tho loan sharks sharks' trade is ia founded s THE TIlE LATTER-DAY LATTER SAINTS' SAINTS BUSINESS BUSI nUI- NESS COLLEGE 1 The leading business college of ot the the west Always crowded to capacity Como Come earl early and reserve a 0 place Re flog Reg- RegIstration days das Friday an and l Saturday Aug 30 30 31 U. Instruction begins Tues rues day Sept 2 vt f. f r j r |