The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-23
PROTECTION OF CREDITS,
Merchants to Form an Asso-
citation to Effect That
End.
Names Of Those Who Expect b,
This Means to Prevent
Abuses.

A call has been issued for a meeting at
the rooms of the Board of Trade next
Wednesday afternoon for the purpose OF
organizing 1.-THE Merchants Credit Asso-
citation of California" described as ''an in
stitution formed among the merchants for
mutual protection of credits"
In a preliminary circular the objects oil
the proposed association are thus further
explained:
For years the wholesale merchants of San
Francisco have suffered heavily from the abuse
of the credit they extend to their customers
Many retail merchants take advantage OF com
petition TO extend the limit usually given fol
the payment OF goods, and dealing with sew
erai wholesale houses in the same trade, be.
come indebted far beyond their means of re-
covery. This in the end results in failure and
consequent loss to the wholesale merchant.
It's the purpose now OF the wholesale trade
to prevent much of this loss by means of an as
ISOLATION which, by the system OF inquiry
among the members, will ascertain the indebt-
edness and credit standing of retail mer-
chant This information is confdentialIv
given to each member in the aggregate and
with it he. is either assured or warned of an
applicant for credit. The tone of the retail
trade will be raised as another result of this
association, and it is confidently hoped that its
effect will be felt throughout the State.
The wholesale grOcers were the first to see
the necessity of establishing such an organize
ton and after eighteen months of practical
demonstration among themselves thew en-
deavored to extend it to kindred lines, and the
Merchants Credit Association is the outcome
the membership roll for organization now in
cludes the wholesale grocers, tea, coffee and
spice houses, tobacco, provision, flour and the
Wholesale Liquor Association, and all are en-
thusiastic over the prospects of this protection
to their profit-and-loss account. 1t is expected
all other wholesale lines Will join and perfect
the organization.
A committee of prominent merchants have
framed constitution and bylaws and in few
days meeting will be called, to which all
wholesale lines Will be invited to adopt a
constitution and bylaws and take stems iowa rd
Incorporation.
Similar associations were formed some time
past in Eastern cities and in every case have
proven successful in saving very large per-
centage OF loss falling to the lot of the whole
salers.
Those eligible to membership in this ORGANIC.
alton are wholesale dealers, manufacturers
and commission houses
A perfectly working system has already been
lnaugurated and the future, as explained to
our reporter, certainly is bright for the San
francisco and Sacramento business man-the
latter also is to be invited to join this enter
prise.
be in q way to improve the condition of trade
over the large extent of territory it governs, as
well as Immediately protectitself from the loss
1t heretofore has experienced.
Among the merchants who have already
signified their willingness to participate in
the organization OF the association are:
Haas Bros, Wellman, Peck & Co.. Mau, Sad.
Ter d. Co., William Cluff Company, Hooper Il
Jennings, Coghill & Bohn, NJ, Ehrman & Co.,
Harris Bros. l. Co., NJ. & c. Mangels, F. Peter
son u Co., +. Daneri & Co., TilImann & Ben
Dodge, Sweeney & Co, The Wertheimer Co.,
Esberg, Bachman IL Co., NJ Blaskower & Co.,
Michalitschke Bros. & Co., Renaldot Bros. d
Penheimer & Bros, Sideman, Lachman q Co.
Horn q Co., J. "A. Folger & Co.; A. Sehilling 4
GO, Castle Bros, NJ: ]: Brandenstein & Co.,
Hills BROS, W. HI. Miner O. Co., Stockton Mill
ing Company, Sperry Flour Company. Demipr.
rainier Milling Company, Del Monte Milling
Company and the wholesale liquor trade