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The day book. (Chicago, Ill.) 1911-1917, January 27, 1912, Image 1

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Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1912-01-27/ed-1/seq-1/

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THE DAY BOOK
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-TEL: MONROE 353
-Vol. 1, No. 105 Chicago, Satnrday, Jan. 27, 1912 One Cent n
IN THE GRIP OF ALLEGED LOAN SHARK TRUST, MAN
. ,N APPEALS TO LEGAL AID SOCIETV
Borrowed $50 Originally, to Buy Food, for His Family Has Paid
Back $360, and Is Being Sued for $307.50 Mora "
Members of the alleged 'loan
shark trust," which the Tribune
an'd Inter-Ocean condemned this
morning, but whose names these
papers carelessly overlooked : "
H. C. Jenks, 58 W. Washington
street. ,
' W. H. Hulvey, 21 N. LaSalle.
street.
West Side. Loan Co., 1526 W.
Madison street.
E. A. Erd, 25 N.v Dearborn
street.
W. A. Damarin, 3317 W. Mad
ison street.
Estate of J. D. Spear, 35 S.
Dearborn street.
Atlas Loan Co., J 15 S. Dear
born street.
National Loan & Trust Co., 35
S. Dearborn street.
J. A. Ferguson, 32 N. Clark
street.
Arthur A. Erd, 115-S. Dear
born street.
' S. Richardson, 160 N. 5th ave
nue. f ,
Clark Loan Co., 22 Quincy
street.
Fidelity Loan Co., 105 W.
Monroe street.
City Loan Co., 35 S. Dearborn
street.
Central Credit" Co., corner
Sheffield and Lincoln"ayenues.
, "Mutual Security Co., 143 N
Dearborn street.
Gainer & Kpehler, furniture
dealers, 1209 Milwaukee avenue,
from f wh6m ' Jensen borrowed
monfey. ' ' '
'Fduryears ago Nels M. Jensen,
street-railway motorman', 2240 'N.
43rd-.avenue, borrowed $50 from
HCs Jenks, a loan agent, 58 W.
Washington street. There was
sickness in-his family, and doc
tors Dills soon ate up this. sum.
To avoid the assignment of his
salary when he was unable to
meet his payments, he went to an
other agency and borrowed
money enough to pay the. inter
est. SUP"" "
Interest began to ijjmunt uo,f .
and Jensen went froguie loan '
agent to another borfSwingsunis
to meet claims. Evejftually he
paid out $360. When he attempt
ed to secure another' loan he
found that the agents had banded
together and blacklisted him -He
was unable to borrow any more.
The companies pooled their
interests, put their claims into the
hands of W. H. Hulvey, as com-
jsiwfafr,..
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