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Newspaper Page Text
" HEARST IS BALLYHOO MAN
FOR CHICAGO LOAN SHARKS
Cases against 1,500 loan sharks
I are pending in the federal courts.
Of these 300 are against the three
companies in Chicago controlled by
Frank Jay Mackey, society king and
loan shark. In the list of victims of
j the man who once entertained the
I late King Edward is a woman who
was driven to a madhouse by her
j worry over the hounding of Mackey.
v Other stories concern the crush-
i ing-of men tend women, struggling to
j provide food for children on. low
! ' wages, and instances wherein they
1 were forced to pay as high as 800 per
; cent interest on the money loaned
Many of the victims of the loan
sharks of the Mackey type have been
caught in the net by means of ads'
in Hearst's Chicago Examiner.
William Randolph Hearst gets a
huge slice of the money wrung from
the poor. In the Examiner one can
always find three to five columns of
loan sharks' ads. Mackey in partic
ular has been nice to Willie Hearst
It is estimated that Mackey has
handed over a fortune to Hearst for
ads as his share of the spoils for
sending new victims to Mackey.
Even after the exposure of Mack
ey's operations Saturday the Exam
iner has continued trying to entice
new "suckers" for the social lion
shylock. In Sunday's and this morn
"Ihg's Examiner' a large-sized ad in
vites the down-trodden to the Chica
go Mortgage Loan Co. if they are in
need of financial aid. The Fidelity
Loan Co., also a Mackey concern,
uses the Examiner to get in touch
with prospective victims. Both con
cerns advertise "low rates ; pay
back at your convenience."
Att'y Jas. E. Callahan of Callahan
I & Callahan, who handles most of the
j cases in the federal court against the
loan sharks, had the following to say
of the shark business:
"We have 1,500 of these cases in
our office and we are going into court
with them as fast as the papers can
be prepared," said James E. Calla
han. "They show the miserable ad-
vantage .taken of unfortunate or im
provident persons. Some of our cli
ents have been reduced to poverty,
and not a few are actually destitute.
"In every case where these .facts
appear we file petitions in bankrupt
cy and ask the court to suspend the
costs under the statute for poor per- ' .
sons. Judge Landis uniformly has .
held that the lenders cannot collect
and that when tlje victims have paid
the principal they shall be discharged
from" further payments. The usury
invalidates the interest
"We hope this winter to have a
state law passed making it a mis
demeanor punishable by imprison
ment in the county jail or a fine of
$500 or both, to charge a higher rate
than 3 per cent a month."
REPORT GERMAN SUBMARINES
IN WEST INDIES
Providence, R. I., Dec. 4. The
Providence Journal declared it has
authoritative information that there
are now two large German subma
rines in the West Indies and that two .
others, having left Kiel, Nov. 5, es
caped the British patrol and-STe on
the way to the U. S. coast. The lat- -ter
two were part of a fleet of four,
two being captured by the British,
the Journal declares. ,
TELEGRAPH BRIEFS '
Uniontown, Pa. Frank Galvin, ,
race driver, injured in U. S. A. speed
way opening professional race here
Washington. Congress was asked
for $32,128,000 for rivers arid har
bors improvement for fiscal year "
ending June 30, 1918. " . f
New York, Richard Croker, once
Tammany leader, here from his
home in Ireland. May make future
home in U. S. "Was Pres. Wilson's
notes that kept us out. of war," he