Chapter 1001: 941. PAWNBROKERS’ PROFITS.--The pawnbrokers’ business has been largely
given up to the Jews, but there is no good reason why it should be.
Pawnbrokers make immense profits. The amount of the loan is not above
one-third the value of the article. The goods are frequently not
redeemed. Then there are the pawnbrokers’ sales, at which the articles
command at least one-half their value. The pawnbroker gets ten per cent.
or more on money loaned, and if the goods are sold he gets the
difference between one-third and one-half values; that is, if an article
be worth $100, the loan is $33.33-1/3. The amount realized at the sale
is $50. Pawnbrokers’ profits, $16.66-2/3. This is the reason most
pawnbrokers get rich.
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