The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-07
CREDIT INSURANCE
NEW PLAN EXPLAINED
Protection for the Wholesaler, Man
ufacturer and DeaIer

Protection for the Wholesaler. Nam
ufacturer and Dealer.
Commercial men in general will be glad
10 learn that from their ranks has come
man prominent to-day as a benefactor
to all whose energies and capital are en-
gagged IN the merchandising of this coun-
try's products. nations progress is
MADE up OF the individual success, adj
vancement, and satisfaction of its citi-
zens. Into the mercantile world there has
come new, right eous and potent factor,
that Will prevent the cold sweat from
believing the fevered brows of those who
nave tolled and fretted for their honest
gains, but who, heretofo suffered I'M
told anxiety lest this reward of industry
and enterprise be wiped out by some un-
1orseeh disaster. Credit insurance an
pears to-day as GROWING triumph over
what has always been in the past an
ever present threat and menace to the
merchants profit. To-day the manufac-
turer, Jobber and wholesaler may know
with a smile of certainty that his annual
oalance sheet will show no heart breaking
oenclt after the courageous investment of
his capital has been judiciously suppIe-
mented by the labor of his brains in man
aging his enterprises
The American Credit Indemnity COM
pany OF New York presents to the mer-
chants OF the United States and Canada
proposition not to be regarded in any
other ilgnt but that Of blessing. boon,
comfort and as conservator of energy.
time and capital. Also it offers power
always at the merchants command by
winch ne may fearlessly enter the arena
With competitors either foreign or do
nestle, no matter how formidable thew
may be. s. Nd. Phelan, the originator and
promoter OF credit insurance, and presi-
dent OF the American Credit Indemnity
company of New York, studied out this
plan while dispensing credits for one Of
the largest houses in the United States,
and to this mans thought and ingenuity
may be attributed the evolution of one OF
the most remarkable forms of insurance
the power Of which, the far-reaching eff
fects OF Which-promises to transcend
any one act of the government at Wash
ington, Instituted by it for the purpose of
establishing confidence over its enormous
dominion of trade and between it's own
commercial people And too, this insur-
ance has been thoroughly tested, tested.
we say. because it has been and now is
incorporated into the credit departments
of thousands of the largest mercantile
houses throughout the country. 1t is
| more uniformly and commonly adopted
and known in the eastern and middle
states, perhaps, than in the great north
west.
But it is for ali of us-this protection
and is issued upon such fair, honest, and
financially scientific lines-as must appeal
to any manufacturer, wholesaler or job
Der as keenly as does any known protec-
tive policy now universally accepted by
all mankind. We commend to the mer-
chants of this and all adjacent localities
the proposition Of this company for their
careful study and investigation. We can
conceive Of nothing that could be strong
er as power for increasing financial
! confidence between man and man, house
and house, manufacturer and dealer, than
successful credit insurance plan Is
not confidence the one great secret of all
profitable interchange of commodities?
Is it not the very soul and life OF all bus
mess enterprise?
The American Credit Indemnity Co.'s
policy is entitled to the careful consider
aticn of business men because 1t promises
that security and stability which are so
essential to commercial growth here and
| everywhere.
! This company's bond acts as an I'M
| questionable collateral on all credits ex-
fterded in the course Of trade. thereby
| establishing confidence, in no other way
to be created, facilitating the passing
| upon orders fer goods; extricating the
credit man from many a dilemma, and
making business q pleasure of minimizing
the anxiety of mind heretofore never en-
I1oyed by those whose capital is at stake,
and all others in authority to be found in
| all commercial institutions.