The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-08-01
FIGHT or THE coUroN COMPANIES.
some of Them VIII sim Remain in
the Field.

the Field.
The premium coupon system closed yes
terday with a rush among the merchants
who have agreed to discontinue it. Many
coupons were presented with cash for pur-
chases. The merchants in the agree
ment to discontinue receiving coupons ac-
cepted them, but it was for the last time.
The system from now on will be practical
ly dead in Savannah
Some few of the merchants Will continue
to receive coupons but nearly all congrat-
ulate themselves on being free from what
they had come to regard as
an incubus. The Mutual Pre-
MUM Company has announced its
Intentions to retire from business. All
books or parts of books outstanding will
be redeemed at the company's office at
Jackson, Metzger & Co.'S until Sept. l.
Orders on the subscribers to the mutual
company will be given the holders of the
coupon books ranging in amounts in trade
from 81 down. Many ladies', to whom
their coupon books were very dear, are alb
sent from the city For this reason the
usual daily receipt of the tickets at the
stores has been less than it otherwise
would have been. The knowledge of its
being the last day upon which the coupon
books would be good undoubtedly resulted
in a good many cash purchases. Several
merchants reported a brisk trade, which
they attributed to this fact.
In one or two instances ladies sent down
their coupon books with money which
they directed to be credited by the mer-
chants to their accounts In this way they
used up their books and placed sums to
their credit, which the notes they sent ex-
planned would be taken up during this
week in trade.
It is likely that one or possibly all of
the companies except the Mutual will
continue business in Savannah. They will
endeavor TO work the cash trade for all
there is in 1t. There are three of these
companies besides the Mutual Prem
ium. They are the Southern Premium,
which formerly had its offices with Foye
q Morrison The firm, however, has with
drawn from the company, and will not ac-
cept its coupons as it claims the company
Is already indebted to it for many coupons
that have been issued.
The Merchants Advertising Company
will also continue to do business The
checks will be redeemable a t Geo w. Al
len & Co. s. It seems that the seventy
three merchants who have advertised their
intentions of no longer receiving the con-
pons are not going 10 be allowed to do so
Mutual Premium Company without some
trouble. They have received notice from
the Advertising journal Company
that their action in refusing long
er to accept its periodical
tickets is regarded as a breach of con-
tract. The letter addressed the merchants
by Mr.. w B. Love, treasurer of the Ad-
vertising Company, notifies them that
their refusal to receive the tickets is re-
garded as an annulment of contract The
company claims that the merchants
agreed to receive the periodical tickets
for year The merchants say that the
company first broke the contract by fail
ure to work up the trade it had promised
The company offers, by way of suggestion
to turn over to the merchants its fran
chise AS an incentive for them to think
wei of the proposition the company no.
titled its correspondents that the receipts
from its Savannah subscribers dlAing the
last year amounted to 1859 Some of the
merchants said yesterday that they feel
no uneasiness on the score of impending
suits, as they have too much. to present
as their side. and it is unlikely that they
will take the Advertising Company's frau
chise off its hand by any mutual organi-
cation, as they have had enough for the
present of the coupon premium system.