150 Livingston Street, November 28, 1960. In the chaos after the financial Panic of 1893, the Provident Loan Society was established as a broker of short-term cash loans. A reputable organization compared to the predatory lenders — loan sharks and pawnbrokers — that preyed on desperate borrowers, the business was founded by New York City’s most prominent business leaders and financiers, including J.P. Morgan, Cornelius Vanderbilt II, Jacob Schiff and Solomon Loeb. As a not-for-profit organization, all surpluses generated were donated to charity, resulting in millions of dollars of donations. By the middle of the 20th century Provident Loan Society had 16 offices around New York City, including this one on the corner of Livingston and Smith Streets, which opened in 1915. It survived though 1960 at least, and likely later. At some point prior to 1985 the block bound by Livingston, Smith and Schermerhorn Streets and Boerum Place became city-owned and the building was likely demolished around that time. Today only five Provident Loan locations remain, though the firm continues to be the only not-for-profit pawnbroker in the United States.