The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-06
CREDIT MEN IN
ANNUAL SESSION
Arthur Parsons Succeeds @. II.
Hewlett as Head of the
Association.
UTAH BODY WILL JOIN
NATIONAL ASSOCIATION
Meeting Is Characterized by
Most Thorough Bust
ness Methods.

PresIdent-Arthur Pnrsons.
Nice-Presdcnt-Leon Sweet
Secretary-J w. Delano
Treosuror-A. d McMullen
Assistant secretary and manaser-John ..
Critchlow
Directors-Edward Rosenbaum. Willard SEQ
croft, p. l.. Doran, s Weitz and ]. II.
Smalles.
The annual meeting OF tho Utah Asso-
citation OF Credit Men was held In Salt
Lake Saturday. At the afternoon session
occurred tho election of officers for the
ensuing year and a convention that was
characterized by practical and speedy bus
incss methods
The Wholesale business is a complex af-
fair 1t requires close observation. ready
and accurate conclusions and unceasing Ia
Dor. 1t is an educational ordeal thnt
leaves tho impress OF discipline and sim
certify upon those who conduct 1t,
Much Business Transacted.
During the two hours that the session
lasted Il large amount of business was
transacted. There was an absence OF po-
litical wire-pulllng and the red tape Of
ruling parliamentary bodies was reduced
to minimum. The members wcre present
because II paid them to be there and help
to keep up tho machinery Of the organ
lZation.
There was not talk long enough to bo
characterized as a speech. Still some one
was talking all the time and their Ideas
were expressed In every sentence uttered
OF SUCH US TO nOlu inc dllen-
ton OF the hearers. II there were any
tcalousics they were kept concealed.
Election Of Officers.
The election Of omcers was equal to the
rapid work OF a planning mlll-the names
were run through the mill but once. and
a complete ticket was the result There
was no standing In the technicaities OF
n majority. The highest man simply
won. Each delegate wrote the names of
nine persons for directors and the nine
were declared elected. No nominations
were made. consequently there were
disappontments.
Business-That's All.
President o. H. Hewlett asked that his
nome not be used for director as he had
served his time In the capacity. He
meant what he said and the association
the deliberations; 1t was business. There
were no pet theories. The machinery
seemed to suit the crowd and they kept
1t in motion.
There was evident all the time a close
watch by the representatives OF the
smaller and larger concerns that no nd-
vantage be given to the other. The asso-
citation was to be for the benefit of all
and the advantage OF no one over an
other.
Annual Report Read.
President o. II Hewlett called the
meeting TO order and read his annual re-
port. as follows:
Mr.. Hewlett's Report.
Conforming with usual custom. I am glad
70 report our association for tho past year.
During tho fiscal year ending April 3D. 1906. the
Utah Association OF Credit Men has handled
slNty-two assignments, an Increase tho
last year OF thirteen. OF this number thirty
eight werc-in Utah, twenty in Iduho. two In
Wyoming and two in Nevada. The total iabn-
ities amounted TO $50. y9I. -. on these claims
which have been assigned tho association has
paid ninsty-two dividends eighty-thrco OF
which We're paid on assignment cases and nine
In bankruptcy cases. The dividends on the
slRnmcnts averaged 66 per cent and tho divl-
dcnds the bankruptcy cases IL por cent
ono reason for the small per cent which has
been realized tho bankruptcy claims Is the
ccednRs. A compnrition OF the percentage OF
claims paid VIII show great saving to credl-
tors when the accounts assigned directly
70 the association.