The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-11
CREDIT MEN MEET
SECRETARY BOoCoCK, OF THE Ma
TIONAL ASSOCIATION, TELLS OF
HIS ORGANIZATION.
ST. PAUL WILL HAVE A BRANCH
SIMILAR IN PLAN TO NEW YORK
AND NEW ORLEANS
BRANCHES.
One to Prepare a Constitution and
the Other to Select Officers for
the Ensuing Year.

F. r. Boocock, secretary Of the
National Association Of Credit Men,
talked less than AN hour to represen-
tatives Of st. Paul's wholesale houses
yesterday afternoon, and convinced
them that the best thing to do was to
organize branch of the national as
ISOLATION. This association. which Is
less than one year old, has branches
in a dozen states, and Mr.. Boocock
Is engaged in the work of interesting
the business men of other states in
the movement.
The meeting yesterday was held in
the committee rooms Of the chamber
of commerce association and there
were present representatives from the
following houses: Powers Dry Goods
company, w. J. Dyer e. Bros, Price g.
Robbins, Sharood & Crooks, Nicols &
Dean, Conrad Gotham, Foote, Schulze
& Co., Finch, Van Slyck, Young & Co.,
Lanphere, Finch & Skinner. G. Som
mers & Co., Scheffer & Rossam, C. W.
Hackett, Hardware Co., Ogden, Merrill
& Greer, Tarbox, Schlick & Co., Fair
banks, Morse & Co.. Lindeke, Warner
& Schurmeier, j. H. Roach & Co.,
Konantz Saddlery Co., P. R. l..
Hardenbergh & Co., Moves Bros.
& Cutler, Gordon & Fer
guson, McKibben & Co., and Gutter
mann Bros. Theodore L. Schumacher
was chosen chairman and c. D.
Maclaren secretary. Mr.. Boocock was
introduced to explain the object of the
gathering and to tell something of the
organization a branch of which it is
proposed to organize in ST. Paul
Mr.. Boocock outlined the object of
the national association as set forth
in the constitution of that body. 1t
contemplateS the organization of in
dividual credit men and of aSsocia tons
of credit men throughout the United
States for the purpose of rendering
more uniform and establishing more
firmly the basis upon which credits in
every branch of commercial enterprise
may be founded. which shall include a
demand for a reform of the laws un-
favorable to honest debtors and cred
itorS, and the enactment of laws bene-
fetal to commerce throughout the sew
eral states. The improvement Of exist
ing methods for the dissemination of
information, the gathering and dis
Semination of data in relation to the
subject of credits; the amendment of
business customs, whereby all COM
the welfare Of all ADVANCED; the provi>
sion of a fund for the protection OF
members against injustice and fraud,
are also among the purposes Of the
organization.
Particularly did Mr.. Boocock dwell
| upon the desirability of a uniform sys-
tenn Of balances, which this system
would insure to the credit men Of the
country. He spoke also Of the posi-
bility of fraudulent concerns being
driven from competition with legfti-
mate business interests Under the
present system it is possible for an I'M
scrupuleus merchant to purchase a
| stock of goods. have his concern de-
clared insolvent and himself become
the posSessor Of the bankrupt stock to
the great loss of the firm who furnish
| ed the goods. Then the unscrupufous
| merchant goes into a community and
by his cheap sales can drive am honest
merchant into loss of business and
bankruptcy. This has been done time
and time again In every community
to the detriment Of the wholesaler and
| the honest retail merchant With
| such an organization as it proposed
| to place in this state the fraudulent
! dealer would be unable to procure a
| stock of goods from any wholesale
merchant except ON the most rigid
| terms"
In reference to the legislative work
of the association Mr.. Boocock said
that the national association proposed
to reach congress and other Legislative
! bodies through the state associations
! IF you are anxious for the passage OF
| laws that will protect your business
! it is not possible that your legislature
! will refuse to accede to the demands
Of the jobbers of the Twin Cities. In
the same way you can memorabilia
congress, as we in New York propose