Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-01-12
THEY FIXTHELlMlT
Manufacturers and Wholesale
Dealers in Lumber
WILL GRANT SIXTY DAYS. TIME
For the Payment for Shpmenss-A De-
eisive Meeting Of Michigan Lum-
befmen He'd N the Morton.

Do you buy lumber? IL so you must
pay for II within nxty days.
Representatives OF sixty of the largest
Wholesale lumber dealers in Michigan
met IN room No. lis OF the Norton
yesterday and declared that the limit
of time without interest should be two
months. aud that the discount should
be optional with the seller.
There was considerable argument be-
fore the final decision in regard TO the
discount was reached; but those pres
ent At the meeting were unanimous
about the sixiy-day matter.
For years Michigan lumbermen have
been threatening TO do something With
the man that didn't acknowledge the
receipt of carload of lumber until
three months after it had been shipped
and then responded with . note for
ninety DAYS. His name has been legion
and his home the universe. Finally
the Saginaw Lumber Dealers associa-
ton called meeting to be held IN the
Morton house yesterday afternoon.
Prominent lumbermen from all over
the state were present.
DIR. McGrart Prrsidsd.
NJ. McGraft OF Muskegon was called
to the chair, and l.. {. Slade of Saginaw
was chosen secretary. The secretary
read the call of the meeting. w. Il.
Merschon of Saginaw Informed the
meeting of the action of the Saginaw
4 ol..r 81 a
urged that uniform terms OF sale were
OF the greatest Importance. The terms
adopted by the Saginaw men were as
follows: Two per cent discount from
net Tor cash in fifteen days from ship
ment or note OF acceptance at sixty
days from date Of invoice without in-
terest. Where lumber is sold delivered,
freight Is to be net cash.
Mr.. Merschon assured the visiting
lumbermen that any amendment
would be accepted by the Saginaw men.
F. Z. Miller of this city offered a
resolution that the te.ms be: Ten
days, two per cent OFF; thirty days, one
per cent Oft; sixty DAYS, net. No interest
after deducting freight; to include all
states IN which Michigan dealers sell
lumber. George ID. SIsson thought two
per cent OFT was rather large rate of
interest. He preferred to give their
customers thirty days. l.. {. Slade did
not think a man would pay for lumber
until he received 1t, ana it was lmpos-
sible to have lumber delivered within
ten days. He thought two per cent too
large discount. John Dregge agreed
with Mr.Slade, but did not think two per
cent too big discount. He moved as
an amendment that the ten days be
changed to fifteen. George D. Slsson
thought dealer that got returns with
IN thirty days was doing mighty
well. lie favored one and one
half per cent off for thirty
days. L. H. Roys OF saginaw wished
TO know If the terms were to be iron
clad. NJ. McGraft thought the men,
bers should stand by the agreement.
Z. B. Wright favored sixty days with
one per cent of for thirty days.
Terms on Shingles.
Phil c. Fuller thought the terms on
shingles should be made the same a.
on lumber. w. b. Merchon said it
was understood east that shingles must
be paid for within sixty days, one and
one-half per cent of for cash. He
couldn't see why the lumber men could
not make their terms as distinctly
understood.
l.. c. Slade read the action of the
iona wanda lumber dealers, giving one
and one-haif per cent. for fifteen days.
and sixty days net. He said the TOna-
wanda men said they had no trouble
in enforcing this except when they
came into competition with Michigan
dealers. Mr.. Slade thought COMPETE
ton between lumber men should be
confined to prices and grades, not
terms.
George d. Sisson said the Sisson g.
Lilley Lumber company would not
give two per cent. Off. They had been
giving one and one-half and did not
care to increase Il.
Francis Lilley moved Is an amend.
ment to the amendment that terms on
lumber, lsth and shingles be sixty DAYS
and one and one-half per cent. off for
fifteen days, the same terms adopted
by the Tonawanda dealers.
The Discount Optional
Phil c. Fuller, K. X. Mann and Tate
Stark discussed the matter at length.
Finally 4. {. Miller Withdrew the
original motion and moved that the
time for selling lumber, lsth and shin
giles be limited TO sixty days without
interest. This prevailed unanimously.
Francis Lilley then moved that the
discount on lumber, lath and shingles
be made one and half per cent for
fifteen days.
NJ. McGraft was in favor Of increas-
ing the discount and then shading the
~ As, har 10,
the difference.
r. u. Wright favored one and half
per cent with the privilege of the deal.
er's making private arrangements In
special cases.
the discountto the Shippers themselves.
He thought the dealers could agree e.
make the same terms as the shingle
dealers have made.
". h. Merschon moved that the mat.
ter OF discount be left to the individual
dealer. lie held that IL the members
took no action IN regard 10 uniform
prices, II would do no good 10 establish
uniform rate of discount. Mr.. Mers.
chon's action prevailed unanimously
The matter OF notifying retail deal
ers was left % l.. G. slade OF sag nav
and j :. BENNETT OF Muskegon.
A committee consisting of W. h.
Nerscnon of Saginaw, r.. y. FOss OF
Bay City, j. :. Bennett of Muskegou.
Henry Beilew OF Cadillac and ". +.
Barrett OF Grand Rapids were appoint
Ell TO confer ia reference to the lorna.
ton Of q State Lumbermen's sssocia.
ton.
Those Prssen.
The following representatives OF
Michigan lumber firms were present.
saginsv-M. b. MeTschon OF ths
AeTscnon Lumber company, Z. Ger