Money to Loan

The MGM crime reporter introduces Norman Kennedy, District Attorney of a large city, he who talks about the general want for money, and the extraordinary lengths some will go to to get it. The loan sharking business has that want for money on both sides. He tells the story of one such loan shark, Stephen Hanley, who tried to pass his company off as a legitimate loan business, but who charged exorbitant rates, and used extortion and fraud to get out of his customers even more than what they may have owed on paper. McCormick, a news publisher, made it his aim to expose Hanley for the loan shark he really was. But getting Hanley’s disgruntled clients to cooperate was more difficult than expected, as Haney’s men not only used threats, but carried out those threats in scaring those who were going to talk and eventually sign affidavits against Hanley. Something unexpected and sad had to happen for the authorities to be able to haul in Hanley and his entire outfit.