The Forrest City times., 1898-06-24
CRED|IMEN N COUNCIL.
Third Annual Convention of the
National Association of
Creditmen at Detroit.
the ORGANIZATION IS A sRowlAG ONE
Synopsis of IN Address BY Hon. Charlie
Dawes. Comptroller of the Currency
The Evolution of Business Laws ane
Customs-A Tribute to the Soldiers In
the Field.

DETROIT. Mich, June %. Mayor May.
bury welcomed to the CITY $50 dele
gates TO the third annual convention
Of the National Association of Credit.
men.
j. c. Cannon, of New York, president
Of the association. in reviewing the
years progress, stated that the subject
which had received the most attention
of the officers and board of admins.
tration had been that Of investigation
of fraudulent failures, which subject
was to be presented later in a special
committee report
The president deplored the practice
OF giving deceitful credit information
for the purpose of unloading weak Gus.
toners upon ones fellow merchants.
He urged raising of the standard of the
associations membership, SO that re.
sponses to inquiries will be exactly
truthful, and other than honest infor.
nation will be unknown.
Treasurer J. II. Green, of Sioux City,
Ia, reported something over $1,000
deficit. Secretary 4. 4. Boococls re.
ported gain of ass organized and 2sa
individual members. A conservative
estimate Of the capital represented in
the association, he said. was $500, 0O0,.
600.
+ Hon. Charles G. Dawes, comptroller
Of the currency, made short address,
In which he said in part:
As the business operations OF the American
people increase and expand there proceeds at
the same time an evolution OF both the laws
tknh
ing OF credits. In this country. while the stat
utory and written laws governing credits are
lacking In general uniformity. owing to differ
emit legisiations In different states. there is a
rapidly growing uniformity In the general
business customs controlling the granting OF
credits in all lines Of business and in all sections
This uniformity naturally has more rapid
growth than uniformity in legislation govern
ing credits; and the growth OF business law,
both legislative and judicial. models itself
largely upon the growth Of business customs.
By such gatherings Of business men, repre-
seuting every section OF the country, and the
most widely diversified lines OF trade. brough:
together for the discussion of the proper Gus
toms. methods and considerations which should
govern In granting commercial credits. you arc
adding to those causes which will finally bring
about much-nee1ed uniformity in the legis-
lative and judicial treatment OF credits.
In closing his address the comptrol-
Ter referred to the war. saying:
In the cause OF humanity and ri.ht our ma.
tion has called upon her people to take up arms
and unitedly, from north and south and east
and west. they have responded. and are still
ready to respond Us the president may deem
necessary.
As the army, comprised OF the flower OF the
young manhood OF the country. marches
through the burning dust and sitting heat OF
the southern sum- In the midst OF hardships
anc privations, we would have even the
humblest OF them know that the heart
throbs OF the nation keep time with their foot
steds. And, as a priceless sacrifice OF Amer
lean lives IL about to be laid on the altar OF
common humanity, let us pray God that from
their ashes may rise relief for the oppressed,
down. trodden and suffering.