. Baltimore and Ohio employees magazine . ^ recognized thatthe loan shark constitutes the chiefcause of the financial distress m whichmany salaried men are constanth HIS WANTS WEHK PlU;sslN(; The pawnbroker is, of course, an old-established institution. The agony issoon over in his shoj). But the so-calletlloan shark, who lends money onassignment of wages or mortgage offurniture, at interest from ten to twenty-five per cent, per month, is of compara-tively recent origin. Unfortunately,comparatively few men appreciate theextent to which this evil has gro\vn, orgive it the place it d
. Baltimore and Ohio employees magazine . ^ recognized thatthe loan shark constitutes the chiefcause of the financial distress m whichmany salaried men are constanth HIS WANTS WEHK PlU;sslN(; The pawnbroker is, of course, an old-established institution. The agony issoon over in his shoj). But the so-calletlloan shark, who lends money onassignment of wages or mortgage offurniture, at interest from ten to twenty-five per cent, per month, is of compara-tively recent origin. Unfortunately,comparatively few men appreciate theextent to which this evil has gro\vn, orgive it the place it deserves as the com-mon cause of distress and poverty. THE BALTIMORE AND OHIO EMPLOYES MAGAZINE An Old-Established but In-sidious Institution Accurate information on the usuriousmoney-lending business is hard to obtain,but it has been shown that in every cityof more than 30,000 population there isone usurer to every 5,000 to 10,000 people,and one victim to every twenty dwellersin such cities, or one out of every fivevoters. In cities where transportationcorporations and manufacturers employ-ing large numbers of men have con-gregated, these figures are greatly in-creased.
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectbaltimo, bookyear1912
