Show THE USURY SURY LAW LAWi J i LA who has the reputation 41 1 ot 01 what h ho talks about rays aS that th the usury law introduced t eed by bJ Representative Joseph some weeks ago Is in at least a dOZ ID That Is there are that man many points on which it ma be attacked as to its constitutionality or it ma may be beaded be evaded This Is not as It should be 00 It If we e ar are to have a usury law let us us have o one e that will stand the severest secrest tests the shrewd attorneys s who will willbe be employed by the usurers can bring to bear ear upon It No law at all be better than a law which would be either uither u n dead letter or an occasion for tor laughter among the lo loan n sharks We need a usury law In Utah The hearings bore before the committee t which the Joseph bill was referred amply demonstrate that We need not go 0 beyond the testimony of the tho us usurers themselves IL was shown to the corn I that a 0 rate of 15 per cent a month or ISO per cent a year is not very ery unusual The habit seems to be beto beto to charge as much as the Intending debtor can n pa pay to sq squeeze out of him the last possible cent We are told that money is a corn just as any other article for and sale that the tle man who hu has the money to sell has the same right to e ct a high price for it as the man who has an anything else for Cor sale Un Uner Under der er the existing Utah statute this is in quite true tru as far as rIght is concerned There Is nothing to prevent n a loan shark from m charging It a hundred per lU cent a month It fC he e can find lind n a vie vic victim tim to pay aj But there is n a amoral moral obligation in iii this business It Is too much to expect the loan sharks harks to see the moral side or of th the question however It must be driven into their with a t legis ax The pho would prey upon pon the necessities of his neighbor must be restraIned We Ve have hae usury law up to date because of Ui th false theory that a law or of that charac ter ier wo would ld keep capital out of th tho On that point we have this to say It H Ht t to get capital Into the state it Is iary ry to D permit usurers to have full fuU swIng thet th t we WC had bad better get el alon along outside capital As AR n a of tact fact though outsIde does not seek investments here at usurious r tes The p people ople who are forced to pity them ar are the peo people lc who ho hoan can an IH bent t af r rd to pay the small tradesman th the inin n n who work for da day wages the tho small salaried These are the ind Individuals upon whom the loan sharks fasten theIr talons and they are to protection If the Joseph bUl riot not do then than let a law that will do be funned |