In the nineteen-thirties Nebraska was often referred to as the white spot of the nation because it was the only state of the union that had no bonded indebtedness. Nebraska was proud of that record which goes back some twenty years. It was but one of the many bright features of our local government. Among numerous others, this Cornhusker state also looks with pleasure and pride upon its successful accomplishments in dealing with the loan shark. Its initial steps in exterminating the financial leeches were commenced almost forty years ago. In 1915 an act to regulate the lending of money was adopted which limited the rate of interest and charges.' It was more than a mere enabling act, for it contained various regulatory provisions, some of which are common today in the most modern of small loan acts and the most recent of the model drafts.