Interest $13 on $20 Loan

1916

Nashua, N. H., Sept. 23. — M. M. Bakaian, a pawnbroker, was fined $25 in police court today on charge of usury in charging $13.15 interest for 20 weeks and two days on a loan of $20 to Samuel Dusenoff, who gave a watch as security. Bakain claimed that he had bought the watch and sold it 20 weeks later to the man he bought it from. He was also fined $25 for not recording the transaction.

Note: The pawnbroker's name is spelled two different ways, and I don't know which would be right.