Show books for fr the tb pon poor the announcement that the merchants club is 1 about to a company with capital to loan money in mall small sums on collateral security at a fair rate of interest will be hailed balled with joy by many poor people ome some ot of whom are now obliged to pay at the rate of per cent a year for small trall sums of money the movement to prevent the necessities ot of the poor being nade aade the profit of usurers becan begin so far as this country Is concerned in boston in 1809 the original uon Is still in existence as tie tte collateral loan Com company panT tremont street loans are made as low as fifty cents the rate of interest charged if Is 1 pr per cent a morth at I 1 street boston 14 4 the workingman a loan association this charges interest on its loans at the rate ot of I 1 per cent a month mouth it reports that over four fifths of all loans made by it are repaid and its loue losses are compan evely trivial sl both thie associations though origin sillY started as thaul ties pay par an annual dividend of 6 per cent to in new york the first start in this direction was made ads by the st SL bartholomew mission and the various church settlements N V atti the last few years however a number of wealthy men have organized COM campt p L late which loan money on chattels at t fair rates of interest they also have hays found the investment profitable in many european countries there are pawns pawnshop hov on inducted ducted by the sovern govern meat ment |