The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-11
CREDIT MEMS DINNER
CELEBRATE FIRST ANNIvER-
SARY OF ASSOCIATION.
Many Subjects Relating to Business and
It's Different Phases Discussed by
Merchants and Others.

Busincs men at a banquet last night
celebrated the first birthday anniversary OF
the Credit Mems Association. With the
10 members there were outside business.
men, who made the number seated around
the banquet board exceed 200.
The direct purpose Of the gathering as
was explained during the feast was to give
the members a chance to enlighten- the.
merchants who are not members Of the
association as TO its advantages.
The committee having the affair IN
charge lost no opportunity to have every
thing that would appeal to the hearts of
the banqueters. not only for the inner
man but the mental one, too. The din
ner was all that could be- desired. while
the speakers were men who knew how to
handle the subjects allotted them, and
this brought the affair to a happy close.
Former Alderman Curtis r. Burnett was
chosen POSTMASTER. When It came time
for the cigars President William A. Hart
was called as the first speaker. and he
outlined the work of the organization
since its birth n the many advantages
which members obtained.
William A. Prendergast. of Brooklyn,
spoke on the subject of Credits" He
told of the old methods OF merchants as
being "forgyism,' and contrasted them
With the methods which followed wherever
the credit men have a foothold.
Merchants members of the association.
instead of ~nagglng and antagonizing each
bother, are brought into closer relationship
by such associa tions as this one, and what
Is the ~result2'' he asked. Business boonls
and competition becomes healthier aud
more profitable to the members
Edwin G. Adams, referee it> bankruptcy,
discussed THE Bankruptcy Laws"
a. 1--.1r--- a. Ta4.. Ia
II. Morgan. pastor of the Central NJ. e.
Church, who spoke on Business and
Character Frederick w. Hannahs,
president of :he National Association of
Wholesale Groccrs. General Business
Lines and s. ID. Buck, secretary of the
Baltimore Association Of Credit Men, The
Baltimore Association On the c%ornit-
tee of arrangements, of which Mr.. Burnett
was chairman. were William A. Hart.
Charles II. Sansom. E. H. Rabbit and
Frank L. Liveright.
MI. Hannahs spoke at length on the ne
cessltx of merchants following good bust
ness principles. He advised against the
sale of any goods below cost, and for thor
oughly honest dealings with customers.
In closing, he said:
MY advice to the credit men of FeWar
is TO see that the business of their firms is
managed along the stable, commercial lines
MISUNDERSTANDING the actual cost of do
Ing their businessman be open and fair
with their customers, that they too may
understand that business must he done at
a profit. With this spirit Thoroughly inn
bued among the firms whom You. represent,
it will be a great help to the. credit men
when they come to check orders for wesali
know that they very much dislike to turn
down business-but is it not a fact that
foolish business-and by this -I-mean- UNI
profitable orders-had better be turned
down at the beginning than to be a source
of trouble afterwards. M
For the encouragement Of credit men
and business men of today, L think all
signs point to better business conditions
because the conditions. and competition are
such that all of us are Obliged to give
respective affairs than had heen gdone in
years past: and. of course. ] give great
credit for improved conditions to the credit
men of the day"