Russian Pawnbrokers.
The pawnbrokers throughout Russia have long been notorious for the extortions which they practise on the poor people whose necessities compel them to have recourse to the pawnshops. The fact that many pawnbrokers are Jews adds to their unpopularity among the mass, and Count | Tolstoi, Minister of the Interior, has deter- 1 mined upon a measure which appeals strongly to the favour of the people, both as a blow to the Jews and a check upon their , extortion. It is stated that after January Ist, 1885, the Kussian Imperial Government will monopolise the business of pawnbroking, and will establish monts de piete in all cities and towns where they shall be found necessary, to be conducted upon the system now practised in Austria. The Government will not seek to make a profit out of the business, but only to make it pay the actual cost of rent, light, clerk hire, etc. To this end the maximum rate of interest charged will be 6 per cent, per year.
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Te Aroha News, Volume II, Issue 92, 7 March 1885, Page 5
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169Russian Pawnbrokers. Te Aroha News, Volume II, Issue 92, 7 March 1885, Page 5
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