The Montgomery advertiser., 1902-06-11
CREDIT MEN IN SESSION
SEVENTH ANNUAL CONVENTION
 MEETS IN LOUISVILLE.
A Membership of 4,ooo, From All Parts of the Country, is Repre- sented by Delegates in
 Attendance.

Louisville, Ky, June 10.-The seventh annual convention of the National Credit
 Mems Association, representing mem-
 bership of 4,0OO from all parts of the country, met at 10 o'clock this morn
 ing at Llederkranz hall in this city. When President Ebert A Young, of St. Paul, called the meeting to order there
 were about 300 delegates present. besides
 d number of the wives and daughters of the members. Addresses of welcome were delivered by former Governor w. R. Bradley, for
 the State. and Walter D. Walker, on be- half of the local Credit Mems Associa- ton.
 The response was made on behalf of the visitors by George r. Diterle of Con- cinnati.
 President Young then delivered his an- nual address.
 President Young, in his annual address.
 said the association and it's local branches could bc credited with improvements in the mercantile agency service, assisting
 it's members in advancing office methods, reducing the credit question to a system. establishing fund for the prosecution of fraudulent failures. the passage of laws in many States prohibiting merchandise sales in bulk without notice to creditors, the formation of friendships and elevat- ing the commercial standard of its mem- hers.
 A new era. he said. was at hand. the possibilities of which no one can predict. l he extension of agricultural commer- cial. industrial and financial activity throughout the world has been unparal- leled. We must no longer be satisfied with the limits of our local credits. but should adapt ourselves to larger fields.
 Notwithstanding the advantages in our
 favor. We have no copyright on prosperity no certainty that our wonderful progress in international commerce will continue Only hy eternal vigilance can we main- tain the advantages we have gained To adjust all the momentous pending questions will require the greatest wis dom on the part of our lawmakers. Con- | sessions must be made by conflicting in- terests for the general good. We need fewer politics and more patriotism; less sectional feeling and more Americanism | There should be no party dividing lines on questions involving the prosperity of
 
 commerce. We must not diminish our | foreign trade. but. on the contrary, should | strain every nerve to adopt d system | which will steady and extend it. Con- | merce is the exchange of merchandise. | and to continue must be mutual. Depres- sion in foreign markets Is not to cur ad- | vantage. The more industries of other nations flourish. the greater their pros- perity and the larger our purchase from them, the more they will be able to buy | in return.
 | At the conclusion of President Young S | speech, former Governor Crittenden of | Missouri, presented to him on behalf of | the Louisville association gavaI made l of white oak, the native growth of Ken
 lucky. In presenting the gavel MT. Crit | tenden paid a high tribute to the credit men.
 The annual report Of the treasurer. G. | G. Ford of Syracuse. N. Y. showed that | from June 1, 1901, to May 3l, 1902, the re- | ceipts were sl5,o00 The disbursements
 for that time were sl2,9,3. The total cash | balance over all expenses on June 1st was | SSS.
 | The report of Secretary Prcndegast of | New York. was then submitted | The report Of the Membership Con- mttce shows that there has been an in- | crease of 592 during the year, the total now being 3,96i
 | The Committee on Improvement of the | Mercantile Agency Service recommended
 the consideration of the proposition of a | credit clearing house. and if not found | practicable that d committee of five he appointed to lnaugurate general inter-