The Capitals of Spanish AmericaCurtis, William Eleroy
History
The Capitals of Spanish America
Curtis, William Eleroy
Capitals (Cities) -- Latin America; Cities and towns -- Latin America; Latin America -- Description and travel
At a Mexican church wedding it is the custom for the groom to pass coins
through the hand of the bride, as typical of the fact that she is to
keep the money of the household. A very pretty feature, as the couple
kneel at the altar with lighted candles in their hands--an emblem of the
light of the Christian faith--is the placing of a silken scarf around
the shoulders of the bridal couple, and then the binding them together
with a yoke of silver cord placed around the necks of both. That “thy
people shall be my people” is an accepted fact, for it is a common thing
for members of the bride’s family to take up their permanent residence
with the husband, and make it their home.
One of the most singular, and, to the foreigner, most interesting of the
institutions of Mexico is the _Monte de Piedad_. The phrase means “The
Mountain of Mercy.” It is the name given to what is in reality a great
national pawnshop, which has branches in all the cities of the country,
is exclusively under Government control, and is not managed, as in the
United States, by guileless Hebrew children. The central office of the
Monte de Piedad occupies the building known as the Palace of Cortez,
which stands on the site of the ancient Palace of Montezuma, on the
Plaza Mayor. It was founded in 1775 by Conde de Regla, the owner of very
rich
[Illustration: CACTUS, AND WOMAN KNEADING TORTILLAS.]
mines, who endowed it in the sum of three hundred thousand dollars. His
charitable purpose was to enable the poor of the city of Mexico to
obtain loans on pledges of all kinds of articles, and for very low rates
of interest. He thus relieved the poorer classes from usurious rates of
interest which had been previously charged them by rapacious private
pawnbrokers. At first no interest was charged, the borrower only being
asked, when he redeemed his pledge, to give something for the carrying
on of the charitable work which the institution had in hand. But as this
benevolence was greatly abused, it was found necessary to charge a rate
of interest which was very low, and yet sufficient to yield a revenue
equal to necessary expenses. The affairs of this institution have been
wisely managed, and it has been kept true to the purpose of its
benevolent founder. When pledges come to be sold, if they bring a price
greater than the original valuation, the difference is given back to the
original owners. The Monte de Piedad has survived all revolutions, and
its ministry of relief to the sufferers by these revolutions and other
misfortunes has been incalculably great and blessed. Its average general
loans on pledges amount to nearly a million dollars, and the borrowers
whom it yearly accommodates number from forty to fifty thousand. From
the time when it was founded, in 1775, down to 1886--a little more than
the first century of its existence--it made loans to 2,232,611 persons,
amounting in the aggregate to nearly $32,000,000, and during the same
period it gave away nearly $150,000 in charity.
Public-domain text, read in full here on John Shaqi.
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