Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-05-05

1t 40 this evening a meeting will be
held in Golden Cross hall for the purpose OF
orzanizinz Kennebec branch Of the Mer-
chants Commercial Agency. This
i. one Of the most unique
and yet effective associations
for the protection Of business mea, Ar
regard. poor debsor.. that has ever been
conceived Of. II stands alpne in field pc
.sliarIy ard originally it, own. Thi-
agency does not undertake TO DO collecting
Tar ANYONE. Its aim il to furnish the bust
mes. men Of the country with legal and ar
enrate statements Of the aecoant.
Of delinquent debtors thereby secur-
iau through their mutual CO.
opcrs.ion in refusing to extend credit to
.uch delinquent debtors. Twice a wear
every member Of the agency il furnished
with large volume siiowing IN alphabetical
or,i.r the names and residences Of the de-
usaueut debtors Of the county and the
amount Of their unsettled account They
are under obligations TO extend no further
credit TO .uch debtor. until these accounts
are squared mp. By this system man is
unable 10 extend his Indebtedness Migra-
tory debtor. are cut of Their reputation
ard statement of their unpaid
deit. travels with them and BUSH
nee. mcn are on the lookout
for them. They are forced To do trading
upon cash basis until their old bills are
paid up aud their names dropped from the
agency'a list Of unsettled accounts. The
operation. of this agency are extensive,
covering this entire country and Canada
All business men will be solicited to Join il
in fact a large proportion of them are al
ready members of il; and the Others will
probably be led to join it a. matter Of
.mplc protection. of between three and
four millions of dollars posted by
this agency last year. ifty-two per
rrnt wcrr paid in cash, showing conelusiyely
The efficacy Of lis system in securing the
..ttcnent of debts. The call for the meet
ing at Golden Cross hall this evening i
signed by some ~ of the leading business
men of the city. It will be seen
that the commercial agency differs
from lira,lstreet Dun in that
It protects the retail merchants from dis
honest customer. while the latter are de-
signed more especially for the protection of
the wholesale merchants. 1t is claimed
that the methods of the Commercial agency
are Of alsantage both TO traders and to
consumer. to the extent that it eliminates
bad credits from the business world.
The Auburn Trust Company tcIegraphed
the Chicago Trus, and Savings Bank - to
the standing of the Agency aud received the
following reply
CHHAGo, Feb. ~.
To Jane F Atwood. Treasurer Auburn
Trust to;
Thu Retail Merchants Commercial
Agency stand we'll here keep good credit
balance aud appear easy financially. We
are told thcy have Sio.00u capital. We
nave confidence in the management.
tncaD" THr-r tNn SAVING, BtNK.
The Lewiston Board of Trade recently
appointed a committee 10 investigate the
standing and system of the agency and the
committee reported resolutions highly en-
lorsin2 the organization and its work
Tine following i. the enforcement given
III, agency by two leading BiidcforI firms
BIruEruRp Me. Oct. l6, ~.
Nrrrbt,tts POI al { commercial NypupV nn-.
ton Mass
Gcntlemen Through the solicitations, OF
Your representative here. Mr. Carrie we
wrre induced to apply tor certificate in
your l.-oclatlnn Of Il local branch in this
city We Thought Ia test the feasibility of
the plan on which YOUR business i. conduct
ed In the brief time elapsed since send
ing in III, list of 81 1chnquents. II have
responded with the hard cash or its rquiva-
lent, 50 We can gladly testify to the salts
factory workings of the system and consci
cnton.ly recommend it 10 all desiring to
rap similar grand results.
Very truly yours,
l'It-BtEf 4 Co.
10 whom Il may concern. i will say
that | subscribed for a certificate in the
Merchants Retail commercial agency, he
Befrng at that time that their system was
nearly perfect. and honorable in all its de
tails. Since then, am free 10 say. it Inns
surpassed my most saugulur expectations
and will now say that We are IN receipt of
money and promises from those that We
never expected Ia realize one cent from and
would heartily recommend the agency TO all
the merchants of Biddcfori and Saco.
Yours truly.