The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-11

to do The Torrey bankruptcy bill is
almost exclusively an aSSignee's bill,
and the New York association of credit
men will memorabilia congress to urge
it's passage. But there are a hundred
topics that are of interest to YOU bust
ness men Of the West that you should
bring before your legislature for local
relief that the Torrey bill does not
reach at ALL" Mr.. Boocoek then sug-
geSted that the organization be similar
to that recently undertaken by the
business men of Chicago. Mr. Young.
OF Finch, Van Slyck, Young & Co.,
favored the formation of a local as
ISOLATION, and moved that committee
be appointed to take the necessary
steps to bring about that end. Finally
at the suggestion of Mr.. Boocock the
following resolution was adopted:
Whereas, Trade conditions and credit Gus
toms are imperfect by reason of the variation
and dissimilarities in eur various statutory
provisions, frequently resulting in injustice
to creditors and in injury to honest debtors
and
Whereas, 1t is believed that by concerted,
systematic and vigorous action ON the part
Of mercantile industries, it is possible to
bring about mutual improvements, greater
similarity in uses of trade and more uniform
and desirable legislation, as to the Just and
equitable rights of debtor and creditor; and,
Whereas, The National Association Of Credit
Men has been established with worthy, prac-
whereas, 1t is deemed necessary to the proper
execution of the plans and purposes thus
possible of achievement, that there shall be
local associations in every state in the Union;
therefore be 1t
Resolved, That it is the sense of this meet
ing that the St Paul Credit Mems assoeia-
ton be established upon lines similar to those
of the New York and New Orleans organiza-
tons; and be is further
Resolved That the chairman be and hereby
Is authorized to appoint at this time two
OQ
purpose, respectively, of preparing a consti-
tuition and bye-laws and the nomination of
officers to serve for the ensuing year; and
be 1t still further
Resolved That when this meeting adjourn
1T shall be to meet again on Tuesday afternoon,
Nov. II, at p. M, in the rooms Of the
Jobbers' union, for the purpose Of perfecting
permanent organization.
Chairman Schurmeier then an
nounced the following committees.
On Organizations. A. Snowden, C. D.
Mac1aren, J. H. Skinner, P. D. Fer
guson, and A. Wilkinson. On Officers
A. P. Warren, A. B. Driscoll, George
L. Beardsley. Alfred Scheffer and L.
w. French
All the gentlemen present expressed
themselves as greatly in favor of the
project. Such an organization would
be worth untold sums to us if only for
the sake of the uniform balance sys-
tenn alone" said Mr.. Young. Il have
no UOuDl Cu0 WHOLESALE IH0n OI the city
will see the great benefits to be de-
rived from such an organization and
will hasten to express their approval
by becoming members" Mr.. Schur-
meier also expressed the same opinion.
Before the meeting adjourned cards
were passed about and those present
asked to sign the names Of the firms
and their sentiments on the question
Of organization. All of those present
who were authorized to speak for their
respective houses signed the cards with
the understanding that they were will
ing to become charter members of the
new organization. Others who were
equally enthusiastic, had not that
authority, but said they had no doubt
their houses would subscribe to the
project.
Mr.. Boocock went to Minneapolis last
evening where he will organize a
similar association.