Omaha daily bee., 1902-06-11
CREDIT MEN HOLD MEETING
Seventh Annual Convention, Repre-
sentinE n Membership of
Four Thousand.

LOUISVILLE, KY, June 10.-The seventh
annual convention OF the National Credit
Mems association. representing a member
ship of 1000 from all parts Of the country.
met In this city today.
When President Ebert A. Young OF st.
Paul called the meeting to order there
were about 300 delegates present. Ad-
dresses Of welcome we're delivered by former
Governor w. O.. Bradley for the state and
Walter Walker on behalf Of the local Credit
Mems association.
The response was made on behalf of the
visitors by George r. Dieterls Of Cincinnati.
President Young then delivered his annual
address.
President Young, in his annual address,
said the association and its local branches
could be credited with improvements in
the mercantile agency service, assisting its
members in advancing office methods, re-
ducing credit questions 20 a system and
fraudulent failures, the passage Of the laws
In many states prohibiting the sale of
ing creditors. the formation Of friendships
and eleyating the commercial standard OF
a new era, he said, was at hand. the pos
sibilities of which no one can predict. The
extension of Agricultural commercial, in
dustrial and financial activity throu ghout
the world has been unparalleled. We must
no longer be satisfied with the limits OF our
local credits. but should adapt ourselves to
Notwithstanding the advantages In our
favor we have, no copyright on prosperity.
in international m will continue.
Only by eternal vigilance can We MAIN
tain the ADVANTAGES we have gained.
To adjust all the momentous pending
questions will require the greatest wisdom
on the part OF our lawmakers. Concessions
the general good We need fewer poiit iies
and more patriotism, less sectional feeling
ana more Amertcanism. There should be
| no nATtV 0iVtninR nnaQ on nlpGfinnG tnupINy-
ing the prosperity of our people or the en-
laTgement Of our commerce. We must not
contrary, should strain every nerve to
adopt a system which will steady and ex-
tend It. m Is the exchange OF mer-
ohandise and to continue must be mutual.
Depression in foreign markets is not to our
advantage. The more industries OF other
nations. flourish the greater their prosper
ity and the larger our purchases from
them the more they will be able to buy in
return.
At the conclusion OF President Young's
speech former Governor Crittenden Of Mis-
souri, presented to him, on behalf OF the
Louisville association. a gavel made OF white
oak. the native growth of Kentucky. In
presenting the gavel Mr.. Crittenden paid a
high tribute to the credit men.
The annual report of the treasurer,
George G. Ford Of Syracuse. N. Y, showed
that from June 1. 1901, to May 81, 1902, the
receipts we're $4,000. The disbursements
for that time were l 1878. The total cash
balance over all expense on June
was $ss. The trust fund, on June 10. 1901,
was 1876. The report OF the secretary,
William A. Pendergast Of New York, was
then submitted.
The annual report Of Secretary Fender
CAST showed that the membership OF the
association June l was 1000, an increase of
432 over last year.
Three new local associations have been
added during the year, at Los Angeles. Cal,
Evansville. Ind, and Lincoln, Neb. The
organization is preparing to extend its
work to Texas and associations will soon
be organized in hat state.
The report further states that all the
local organizations are In good condition
and much interest is being manifested In
the work.
The report recommends the return to the
old plan OF standing committees, as the
present committees have too many mem
bers and are cumbersome.
The total receipts for the last year were
312, 963, exceeding those of the year before
by S7S3. The expenditures for the year
were SIP, S99.
The treasurer's report showed a cash bal
ance TO the associations credit OF SSS.
The receipts for the coming year are
estimated at S4l00.