Category: The History of Provident Loan

Robert W. de Forest – Captain of Philanthropy, Part 2

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In-House Historian & Archivist

In a previous blog, I provided a brief introduction to the lineage of Robert W. de Forest, the first president of The Provident Loan Society. His family was among the first Walloon emigrants to settle in NYC in 1637. An industrious group, they prospered as tobacco farmers, malt liquor brewers, shipping merchants, and businessmen, and three members were captains in the Continental Army.

Robert W. de Forest was himself a successful lawyer and married the daughter of a wealthy businessman, who gave them a Washington Square Park townhouse as a wedding gift.

 

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Queens College Students Find New Ways to Save

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Between tuition, school books, parking, meals, housing, etc. – education is expensive.

At Queens College, which is located in Flushing, tuition and fees for in-state students are $6938, while out-of-state tuition and fees are $17,408.

Luckily, for students within the CUNY community, there are many financial aid and scholarship options. According to CUNY, there are more than 1,000 scholarships, awards, and special programs given by CUNY and its 24 colleges and schools.

But what happens if you need fast cash right now due to an unexpected expense?

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Provident Loan Society of New York – A Trustworthy History

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It seems like there are pawn shops on every corner in Queens, Brooklyn, the Bronx and even Manhattan. But how do you know which pawn shop will provide the best value for your loan or even the best customer experience?

There are many honest, trustworthy pawn shops throughout New York City, but it is up to you to research the pawnbroker before borrowing money against your item.

Read online customer reviews and get an appraisal so you have a better idea of the value of your jewelry. You can also price compare interest rates and fees to find who has the best lending terms. Many pawn shops post their interest rates and fees on their websites.

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A Story of Unredeemed Items from the 1910 Provident Loan Auction Catalog

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In-House Historian & Archivist

Tom Klem, In-House Historian & Archivist
Provident Loan Society

In the 1910 auction catalog of the Provident Loan Society, there were unredeemed items that you would expect, such as diamond rings and gold chains, but what stories do some other items seem to tell us?

What was it like to live and survive in New York City in 1910? Tenement housing was not regulated or inspected. “Anything goes” was the rule. Toilets and water were in the alley outside the buildings. In 1903, Work magazine reported, “Today it is said that nine-tenths of the population of Manhattan Island are dwellers in tenements, and that one-half of them move from one to six times a year.”

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Preparing for a Stock Market Correction – How to Buy Gold

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By: Julia Martyn

October 19th, 1987, commonly known as Black Monday, was the day the Dow Jones industrial average dropped a staggering 22 percent. Its 30th birthday recently passed, reminding everyone of the past hysteria, as well as planting a seed of anxiety in the minds of every investor.

A stock market crash is not very common. In fact, the last one in the United States was in 2008. While no one can predict the market, stock analysts say a correction could happen in the next year.

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