"Pay Day" loans at the New Orleans Mint
RogerB
Posts: 8,852 ✭✭✭✭✭
Well, the letter doesn't say anything about exorbitant interest, but loaning government funds in advance of pay day seems a little odd....but, this was New Orleans, always a little 'odd.'
4
Comments
He was probably wondering why the mob should get all the loan action.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Interesting.... Seems paychecks did not quite stretch from payday to payday even then....When I was in business, we did not allow employee advances. Cheers, RickO
I LOVE NEW ORLEANS...
Great writing skills.
The writer was likely the Director's clerk, W.F.Harvey. Mr. Harvey died on July 5, 1884 and was replaced by Eugene B. McSwyny. Mrs. Mary E. Pinder was hired as assistant director's clerk at an annual salary of $1,000.