London And Middlesex; Or, An Historical, Commercial, & Descriptive Survey of the Metropolis of Great-Britain: Including Sketches of Its Environs, And a Topographical Account of the Most Remarkable Places in the Above County

Cover London And Middlesex; Or, An Historical, Commercial, & Descriptive Survey of the Metropolis of Great-Britain: Including Sketches of Its Environs, And a Topographical Account of the Most Remarkable Places in the Above County
London And Middlesex; Or, An Historical, Commercial, & Descriptive Survey of the Metropolis of Great-Britain: Including Sketches of Its Environs, And a Topographical Account of the Most Remarkable Places in the Above County
E W Edward Wedlake Brayley
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t Ibid, p. 68.
Digitized by VjOOQIC MtBDLBSBX. 6^ IraiBc and navigation of London were at least doubled:* the domestic trade and manufacture:) were also aygmenled in pro- portion.
The in^t of Pawnrtroking, which appears to Irave been first practised in London in the early part of the preceding centurj, gave rise in the year 1708, to a new Company, which obtained a charter under tlie appellation of T%e CharitahJe CorporaHan for Undhig Money to the Induitrioue, hut neeenitous Poor, Sfc-^ The oste
...nsible motives for forming this Company, were the extor- tions and extravagant usury made by the Pawnbrokers, which amounting to from thirty to sixty per cent, upon all pledges ; yet in the course of twenty-five years, the numerous frauds, embeazle- ments, loans on fictitious pawns, and other abuses, made by the Company itself, occanoned a Parliamentary inquiry, the result of which was, ** that the Corporation had not eflects sufficient 16 pay even but a small part of the money they had borrowed at interest of a great number of persons; the whole 'amounting to 487,8951.

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