The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1892-05-11
AGAINST LONG CREDIT !
Organization of Business
Men.
MonthIy Instead of Quarterly Pay.
ments.

"A representative uSeeiuS VI hci-
chants this forenoon took steps to
form permanent association for
mutual protection and for effecung
change from quarterly to monthly
collections.
The meeting was held In the room
Of the Chamber of Commerce. There
were not enough chairs for all who
attended. Mr.. L. Rain Walker was
elected chairman, and Mr.. Geo. p.
Castle secretary, with them being
present Messrs. w. w. Hall, JIG.
spencer, G. y. Berger, c. M. Cooke,
q. w. Smith, M. A. Gonsalves, l..
B. Kerr, ID. b. Smith, NJ. Goldberg,
+. r. Hendry, f. Schlesinger, H. A.
Parmelee, F. w. McChesney, H.
Lewis, l.. c. Ables, Jonathan Austin,
Aug Ehlers, H. Davis, u. j. King,
w. c. King, F. Horn, f. M. Swanzy,
E. g. Macfarlane, f. w. Macfar-
lane, j. f. Hackfeld, John Ena,
John F. Coburn, p. Opfergelt, A.
Wenner, H. F. Wichman, j. A.
Martin, n S. Sachs, E. McInerny,
g. f. Boardman, G. j. Waller, w.
w. Wright and Ii. Won Holt.
Mr.. H. Davis read paper on the
objects of the proposed organization.
Messrs Waller and Lewis were
asked to give their views on the prob
able results of change from the
quarterly to the monthly system of
rendering accounts, and they made
brief remarks.
Mr.. L. j. King moved, seconded
by Mr.. Castle, and it was carried,
that an organization be formed in
accordance with the paper read.
Mr.. Hall spoke of discussions had
at different times in the Chamber of
Commerce of the proposition to adopt
monthly collections, but All effort to
accomplish the object by mutual con-
sent had failed. The organization
proposed, with the obligation of
members to report bad bills. would
prevent people running up accounts,
one after another, in different stores
in one line. 1t would also be yalu-
able means of looking up the 6nan-
cial standing of strangers. The pro-
tective ASSOCIATION plan worked well
in other cities, notably in San Fran
| cisco.
The chairman in closing few re-
marks called for information from
any who. might have had experience
of the working of such organizations
elsewhere.
Mr.. 7. j. King was connected with
one in Oakland, California, and testi-
fed to its successful working.
Mr.. Davis said the organization
was not intended to dictate to any
body as to fit subjects for getting
credit.
1t was decided on motion to elect
committee of five to draw up a
scheme Of organization and report.
The following names were put in
nomination; T. j. King, w. w. Hall,
q. w. Smith, L. f. Lansing, H.
Davis, F. M. Swanzy and j. F.
Hackfeld.
Mr.. Swanzy at this stage stated
that he was at complete loss to
know what the committee was expect
ed to do.
Mr.. Hall said that was for the
meeting to say.
Mr.. Swanzy-What | may be al
lowed to ask is, what are we here
for
Mr.. Hall gave an explanation of
the purpose of the meeting, adding
that he supposed it was mainly for
the benefit of the retail trade.
Mr.. Davis said the proposed Or
ganization would enable its members
TO know about mans credit.
Mr.. Swanzy was in favor of any
system that would do away with the
rotten credit system that had long
been in vogue in Honolulu, but he
did not think any system of boycott
Ting would be success. Perhaps
the intention was TO start little
Bradstreet's.
Mr.. X. C. Maofarlane agreed
largely with the remarks of Mr..
Swanzy. He had thought the object
of the meeting was to change the
credit from quarterly to monthly.
Mr.. Castle thought there was
nothing in the paper read about boy
cotling. The main object was TO
change the miserable credit system
from three months to one month.
The chairman said there was moth
ing before the meeting except the
nominations. He regretted that the
few previous speakers had not spoken
before the passage of the first motion.
However, the committee to be elected
could turn the remarks just heard to
good account He mentioned some
of the functions of the Trade Pro-
tectiye Association of England for
the further benefit of the committee.
Mr.. Swanzy was glad to have been
enlightened by those who had given
explanations, as he could now see
the utility OF the proposed organiza-