History of the Industrial Club of Chicago From Its Organization in 1905 to Its
History of the Industrial Club of Chicago From Its Organization in 1905 to Its
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Furthermore, if this experiment should prove a success, they believed the legislature would then support and enact a bill to so regulate the small loans business through the State as effectually to remedy the evil.
Third — The formation within sixty days of the passage 3 7 of the enabling act of June 20, 191 3, of the First State Industrial Wage Loan Society, with a paid up capital of $93, 300 subscribed exclusively by members of the In- dustrial Club of Chicago. To anticipate, it may be stated... here that it was a success from the start and, based on the experience and facts thus obtained, the Fiftieth General Assembly, on June 14, 191 7, enacted the following law that effectually killed the loan shark evil in Illinois: Senate Bill No. 171, House Bill No. 431, The Wage Loan Bill (An Act to license and regulate the business of making loans in sums of S300 or less secured or unsecured, at a greater rate of interest than 7 per cent per annum, prescribing the rate of interest and charge therefor and penalties for violation thereof, and regulating the assign- ment of wages or salaries earned or to be earned when given as security for any such loan).
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To quickly assess the difficulty of the text, read a short excerpt:
Furthermore, if this experiment should prove a success, they believed the legislature would then support and enact a bill to so regulate the small loans business through the State as effectually to remedy the evil.
Third — The formation within sixty days of the passage 3 7 of the enabling act of June 20, 191 3, of the First State Industrial Wage Loan Society, with a paid up capital of $93, 300 subscribed exclusively by members of the In- dustrial Club of Chicago. To anticipate, it may be stated... here that it was a success from the start and, based on the experience and facts thus obtained, the Fiftieth General Assembly, on June 14, 191 7, enacted the following law that effectually killed the loan shark evil in Illinois: Senate Bill No. 171, House Bill No. 431, The Wage Loan Bill (An Act to license and regulate the business of making loans in sums of S300 or less secured or unsecured, at a greater rate of interest than 7 per cent per annum, prescribing the rate of interest and charge therefor and penalties for violation thereof, and regulating the assign- ment of wages or salaries earned or to be earned when given as security for any such loan).
What to read after History of the Industrial Club of Chicago From Its Organization in 1905 to Its?
You can find similar books in the "Read Also" column, or choose other free books by Industrial Club of Chicago to read onlineMoreLess
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