New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-15
DISCUSSING COLLECTIONS.
ALvAH ". TRowBEIpGE TELLS VislriN"
MERCHANTS OF a GRIEVANCE OF
WENTWORTH BANKS

NEW-NOhN DAMN
The Merchants Association YESTERDAY eesan Us
,econd spring convention 'or 'ne'N"''' ','''s
80. "a s,own as the Central Passenger Assooia-
' ',a, which includes the section OF the
49, ,st NJ Buffalo. Pittsburg. Wheeling, w
-. csI,,go and 81. Louis, running south 10
,h. Ohio River and Washington ana baIt'-
s,s extending north into Canada' me
..,,,ion will extend over me present "eeA.
Co.. .,,, hs read at the meetings by prominent
''1'.ss -,en OF the city large number OF non
o"' or,hers from the West visited the rooms
- nssoc,at,on yesterday 20 register their
q '"' "a 20 listen 20 the first address which was
80 30 slyah H. Trowbridge. vice-presdent OF
-. >-,,orai Rank Of North America, on the SUB
Zoe. collections
Nv Trow bridge said. among other things there
r,.y he circumstances under which merchant IN
~nr,.y,-k will sell goods TO a party residing al
80 outlying poin: and agree TO bear the expense
:, ,s,ni,t,nc FOR tho bill The custom. however -
hs, COR goods sold. INGREDIENTS here receive chfc"s
=. avery irnagnabl point. from the 81 Lawrence
~ .ne Gulf and from the Atlantic 70 the racine
-u.cts on out-of-town banks in the aggregate
Mount TO very large sum 70 be coHeC'9u' ga"
.ost 81 collecting II should he charge against
wv t.. y, the goods sold. The question here
' rs this q charge against the goods SOFA.
60 ,be merchant stand the cost OF transac'hs
-, orn business? The membership OF TINS ass
"a" o.,o,rlses a considerable number of BANKS
s.,,,n- ,ron the standpoint OF these lnsNtutio"s'
~ ,,ob,ea 10 say that many inerc hants 90 not
-, 20 stand the cost OF collecting their country
It's hut do expect the banks to 40 II ICY ''e''
-. ohsrge This may DO very vel IN sil"''
"a very many banks would not oboec' 10
'.,,,,s. their depositors even at the expense "e.
- .,lln, q few checks. but the business ms
s. e. .rch proportions that. seeing the oai'"S
-. IN the mercantile business ana can uer'Ne
az &c, ,,om the selling Of good2. th'nK thsS
10 10. ,.,,. osked TO bear too large part OF the p"
den CT trade. 4. ,yo,,,1 he useless
. 80, NJ IT, b,i: II may he cured SO easIi9 Va
- = ina, Il has been allowed TO run 50 ioht,'
- ,arohont invoices goods at 'cash 0'''
.At.,, davs or four months, as the case may -
,,,,,. 40, cav .cash in New-York? Does your DUE
lowell or London. or Paris. or lIailchI y,
toh, VI oIiCIy YOU to send him cheek on o.
Cbcst"r or New Haven. or even .hsrn as |
yn-k7 WHY dOD't you MAKE nun He,,+r1- Schtors
80, 80, fold bv merchants thelr COUNT! -, CO.
L Inn take anything and they are s.u w oSn
hat ,he,, can. WIZ merchant III ~, ,,Cur
w.. - vou take what you cahlVL 49, Tic
W ~ teke? or II you are willins 70 eiic,inS
ortUis-. - why not pay the cost or cpIle..i,s
=, irsfaod of loading the bank WIFI ~ ''F
u, .'s or, ~ Tho business Of selling gc"ds 800 A.,
a." NJ, - close ~ the address the surySNo 90 ~
o..esas ~ the members prcsfn. dnu E,r,bcr
CusS, nossaA 10 Mr.. Trowbrldse; ui ~, -
,1lna,Inys will be held during the ~eyn, en I'D.
nee - &, On n Instance Tomorrow an a.
I,ase a. i he delivered by Robert Osqen' ol VI"
Gu ~ Johr Wanamake7 on Aovei wv Franncis p
Pusiness Fore" on SoiuToaY NO ..c,ur Transpor-
Tburhcr vii! deliver an address Oh Ou'
tation SysreIn