St. Louis Attorney and Reformer
Further information: UsuryAfter the war, the young Dyer served as assistant circuit attorney in St. Louis, where he championed an anti-usury reform campaign that eventually gained national attention. Dyer successfully represented a railroad clerk who was being charged 34% monthly (408% annual) interest on a $100 loan after having paid $480 interest in 14 months. None of the interest payment to the money lender was used to pay off the principal. The money lender, in front of Att. Dyer, tore up the railroad workers loan. Dyer organized a group of wealthy merchants in St. Louis who through investigations were able to keep interest rates low in Missouri.
Read more about this topic: Leonidas C. Dyer
Famous quotes containing the words louis, attorney and/or reformer:
“With the half of a broken hope for a pillow at night
That somehow the right is the right
And the smooth shall bloom from the rough:
Lord, if that were enough?”
—Robert Louis Stevenson (1850–1894)
“I always was of opinion that the placing a youth to study with an attorney was rather a prejudice than a help.... The only help a youth wants is to be directed what books to read, and in what order to read them.”
—Thomas Jefferson (1743–1826)
“Unless the reformer can invent something which substitutes attractive virtues for attractive vices, he will fail.”
—Walter Lippmann (1889–1974)