Word: pawning
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...Harvard-Yale contest of any kind scorns introduction. Even when Yale worsts the University at chess in the seclusion of a New York hotel, the defeat is mourned by many who do not know a pawn from a rook. No one need be urged to attend the hockey game tonight; but a reminder that the contest is not yet won, and that whole-heared support from the University is essential, is not amiss...
...most recent instance of theft is the disappearance of a number of overcoats that have been found in pawn shops. The guilty persons have not yet been apprehended, but it is such cases that are never lost sight of by Yard police until the blame is fin ally and irrevocably fixed. Another case against which there is a general warning is that of a negro who is peddling cigars about the rooms. The cigars, it turns out, are consistently smuggled. The peddler of the articles will be taken into custody as soon as his whereabouts is reported...
...number of men, leaving their overcoats in the halls of more or less public buildings and even in dormitories about the University, have returned to find them gone. The nature of these mysterious disappearances has lately come to light with the discovery of some of the overcoats in pawn shops about Boston. Aside from the inconvenience of stalking the streets of Boston for one's overcoat in weather like that of the early part of the week, one must redeem it, when found, from one's own pocket. So, as the thief or thieves are still at large and presumably...
Every year some newspaper man goes through the pawn shops of New York or Boston, and on the strength of discovering a Phi Beta Kappa key or two in pawn, writes an article to show that leaders in the scholastic world are generally failures in life. Probably no fallacy has more credence and less truth than this. Many undergraduates accept it as a fact because it consoles them in the belief that their mediocrity in college will, in some miraculous way, be converted into excellence in their professions...
...Middle Ages there was no great system of property owning, whereby a man could borrow money on security, but rather a universal pawn-system, in which money was obtained by pawning farm products, etc. It was an essential for each small householder to keep a hoard of money to meet expenses, whereas, today, wealth may be obtained solely on credit. It is an interesting fact that we have but three times as much money in circulation, nowadays, as at the time of Louis XVI, while we are seven or eight times as rich...