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Provident Loan Society
The Provident Loan Society of New York is a not-for-profit organization headquartered at 346 Park Avenue South on the corner of 25th Street in the Rose Hill neighborhood of Manhattan, New York City. It was created in the 19th century by a group of influential New Yorkers as an alternative to the loan sharks of the day. Founders include Robert W. De Forest, James Speyer, Otto T. Bannard, J. P. Morgan, Jacob H. Schiff, August Belmont, Jr. and Cornelius Vanderbilt II. Today, Provident Loan Society of New York provides short-term cash loans to individuals secured by gold and diamond jewelry, fine watches and silverware and is America's last remaining not-for-profit loan society created during the economic crisis of the late 19th and early 20th centuries.Caskey, John P. (1996) ''Fringe Banking: Check-Cashing Outlets, Pawnshops, and the Poor'', New York: Russell Sage Foundation. p.24. __TOC__ History The Provident Loan Society of New York was created during the financial panic of ...
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Park Avenue South
Park Avenue is a wide New York City boulevard which carries north and southbound traffic in the boroughs of Manhattan and the Bronx. For most of the road's length in Manhattan, it runs parallel to Madison Avenue to the west and Lexington Avenue to the east. Park Avenue's entire length was formerly called Fourth Avenue; the title still applies to the section between Cooper Square and 14th Street. The avenue is called Union Square East between 14th and 17th Streets, and Park Avenue South between 17th and 32nd Streets. History Early years and railroad construction The entirety of Park Avenue was originally known as Fourth Avenue and carried the tracks of the New York and Harlem Railroad starting in the 1830s. The railroad originally ran through an open cut through Murray Hill, which was covered with grates and grass between 34th and 40th Street in the early 1850s. A section of this "park" was later renamed Park Avenue in 1860. Park Avenue's original southern terminus was at ...
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Pawnbroker
A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The items having been ''pawned'' to the broker are themselves called ''pledges'' or ''pawns'', or simply the collateral. While many items can be pawned, pawnshops typically accept jewelry, musical instruments, home audio equipment, computers, video game systems, coins, gold, silver, televisions, cameras, power tools, firearms, and other relatively valuable items as collateral. If an item is pawned for a loan (colloquially "hocked" or "popped"), within a certain contractual period of time the pawner may redeem it for the amount of the loan plus some agreed-upon amount for interest. In the United States the amount of time, and rate of interest, is governed by law and by the state commerce department policies. They have the same license as a bank, which is highly regulated. If the loan is not paid (or extended, if applica ...
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Provident Loan 180 E79 Jeh Crop
Provident may refer to: *Entertainment **Provident Label Group, a music label *Finance **Financial companies ***Unum, formerly UnumProvident, formerly two separate companies Unum & Provident, a financial services company in the United States focusing on disability insurance ***Friends Provident, a financial services company in the U.K. focusing on life assurance ***PNC Financial Services, formerly known as Provident National Bank *** Provident Financial plc, a financial group based in Bradford, England focusing on the home lending and insurance markets *** Provident, a Hungarian subsidiary of International Personal Finance **Retirement plans ***Central Provident Fund, Singapore's retirement plan ***Public Provident Fund, India's retirement plan ***Mandatory Provident Fund The Mandatory Provident Fund (), often abbreviated as MPF (), is a compulsory saving scheme (pension fund) for the retirement of residents in Hong Kong. Most employees and their employers are required to contrib ...
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New York State Legislature
The New York State Legislature consists of the two houses that act as the state legislature of the U.S. state of New York: The New York State Senate and the New York State Assembly. The Constitution of New York does not designate an official term for the two houses together; it says only that the state's legislative power "shall be vested in the senate and assembly". Session laws passed by the Legislature are published in the official ''Laws of New York''. Permanent New York laws of a general nature are codified in the ''Consolidated Laws of New York''. As of January 2021, the Democratic Party holds supermajorities in both houses of the New York State Legislature, which is the highest paid state legislature in the country. Legislative elections are held in November of every even-numbered year. Both Assembly members and Senators serve two-year terms. In order to be a member of either house, one must be a citizen of the United States, a resident of the state of New York for at ...
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Seth Low
Seth Low (January 18, 1850 – September 17, 1916) was an American educator and political figure who served as the mayor of Brooklyn from 1881 to 1885, the president of Columbia University from 1890 to 1901, a diplomatic representative of the United States, and the mayor of New York City from 1902 to 1903. He was a leading municipal reformer fighting for efficiency during the Progressive Era. Early life Low was the son of Abiel Abbot Low and Ellen Almira Dow. Low's father was a leading China trader, and his father's sister, Harriet Low, was one of the first young American women to live in China. The Low family was old Puritan New England stock, descended from Thomas Low of Essex County, Massachusetts. Low was named after his grandfather Seth Low (1782–1853) who moved with his son Abiel to Brooklyn to start a prosperous importing company. When Brooklyn was incorporated as a city in 1834, Seth the elder was one of the incorporators; he also served on the Board of Aldermen ...
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Gustav Schwab
Gustav Benjamin Schwab (19 June 1792 – 4 November 1850) was a German writer, pastor and publisher. Life Gustav Schwab was born in Stuttgart, the son of the philosopher Johann Christoph Schwab: he was introduced to the humanities early in life. After attending Gymnasium Illustre, he studied as a scholar of ''Tübinger Stift'' at University of Tübingen, his first two years studying Philology and Philosophy, and thereafter Theology. While at university he established a literary club and became a close friend of Ludwig Uhland, Karl Varnhagen and Justinus Kerner, with whom he published a collection of poems under the title ''Deutscher Dichterwald''. In the spring of 1813, he made a journey to northern Germany, where he met Johann Wolfgang von Goethe, Friedrich Schleiermacher, Friedrich Rückert, Friedrich de la Motte Fouqué, Adelbert von Chamisso and others. In 1818 he became a high school teacher in Stuttgart Stuttgart (; Swabian: ; ) is the capital and largest city of ...
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Solomon Loeb
Solomon Loeb (June 29, 1828 – December 12, 1903) was a German-born American banker and businessman. He was a merchant in textiles and later a banker with Kuhn, Loeb & Co. Biography His father, a devout Jew, had been a small corn- and wine-dealer in Worms, which belonged to the Grand Duchy of Hesse and by Rhine. Solomon Loeb immigrated to the United States in 1849. He settled in Cincinnati with the textiles merchant Kuhn, Netter & Co. He moved to New York City in 1865 and with his partner, Abraham Kuhn, started the banking house of Kuhn, Loeb and Co. His second born son, James Loeb, joined the bank in 1888 (and left in 1901). Solomon Loeb gradually retired from running the business but left Kuhn, Loeb & Co. only in 1899. He then started to move into the real estate business. In addition, he was also a generous philanthropist. Among his donations was the Hebrew Charities Building that formerly stood at Second Avenue and 21st Street in New York City. Family * Solomon L ...
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Mount Of Piety
A mount of piety is an institutional pawnbroker run as a charitable organization, charity in Europe from Renaissance times until today. Similar institutions were established in the colonies of Catholic countries; the Mexican Nacional Monte de Piedad is still in operation. The institutions called ''Monte di Pietà'' originated in 15th-century Italy, where these instutions gave poor people access to loans with reasonable interest rates. It used funds from charitable donors as capital, and made loans to the poor so they could avoid going to exploitative lenders. Borrowers offered valuables as collateral, making the mount of piety more like a pawn shop than a bank. History This fifteenth-century institution originated in Italy; Barnabas of Terni is credited as the originator of the concept. It was developed in cities as an early form of organized Charity (practice), charity, and was intended as a reform against money lending. The public office was organized and operated by the Cath ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Panic Of 1893
The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. It deeply affected every sector of the economy, and produced political upheaval that led to the political realignment of 1896 and the presidency of William McKinley. Causes The Panic of 1893 has been traced to many causes, one of those points to Argentina; investment was encouraged by the Argentine agent bank, Baring Brothers. However, the 1890 wheat crop failure and a failed coup in Buenos Aires ended further investments. In addition, speculations in South African and Australian properties also collapsed. Because European investors were concerned that these problems might spread, they started a run on gold in the U.S. Treasury. Specie was considered more valuable than paper money; when people were uncertain about the future, they hoarded specie and rejected paper notes.Nelson, Scott Reynolds. 2012. A Nation of Deadbeats. New York: Alfred Knopf, p. 189. During the Gi ...
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223 East Houston Street
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious or cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th ...
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