Los Angeles herald., 1908-01-17
OLD OFFICERS
ELECTED BY
CREDIT MEN
MEMBERS HOLD ENTHUSIAS-
TIC ANNUAL MEETING
CITY OFFICIAL PRAISED FOR HIS
COURSE
w. C. Mushet Proposed for Mayor by
PRECEDENT of Association, but
Auditor Refuses to Enter
tain Suggestion

With the exception of treasurer all the
old officers of the Los Angeles Creolt
Mems association were reelected at the
annual meeting and banquet OF that OF
ganization held at Levy's care iast
night. Former Treasurer j. M. Ellott
was succeeded by Newman Esslck OF the
Commercial National bank
Following are the names on the STATE
presented by the nominating committee
and which were elected without opposi-
ton: President, H. Flatau; vice president
e J. Levy; treasurer, Newman Essick;
members executive committee for one
year term, w. L. Bosbyshell and X. +.
SkelIenger; members executive committee
for two year term, A. ]. Prosser, j. ID.
Simpson. w. c. Kennedy and L. kimble
The secretary will be appointed by the
executive committee at the next meet
ing of the association.
In reviewing the work of the past year
President Flatau went into detail regard
Ing. the crops and resources of the coun-
try and concluded by referring to the
recent financial furry. He said the con-
fidence the credit men had In the country
and their attitude toward the small mer-
chants has much to do with the quick
recovery from the panic.
Level Heads Avert Panic
"That a more serious panic has been
averted," said he, 'is due in great part
to the level-headed action of our credit
men. While our business Is being adj
justed let us not lose faith in the stabil-
ity of our country, but remember 1t has
vast resources and IL confidence prevails
all will be Well.
Continuing, he paid a tribute to City
Auditor w. C. Mushet, former secretary
of the association, and sprung a surprise
by launching a boom for him for mayor
OF Los Angeles, The suggestion was re-
ceived with much applause by the fifty
or more members present, but Mr.. Mu-
shet placed a damper on it later on by.
refusing to be considered candidate for
any office.
Our friend, Mr.. Mushet," said Mr.. Fla
tau. lis one of the best city officers we
have ever had. When all our officials are
as conscientiousness and painstaking as
he this will be fortunate community.
Let us hope our citizens will recognize
his services by nominating and electing
him to the office Of mayor. 1t is a con-
summation devoutly to be wished"
After being In office for one year."
said the city auditor in reply, az do not
care to be In politics and am not a can
didate for any office. In fact, I never
have been a candidate. l was the nomi-
nee on the non-partisan ticket, and there
Is difference between being a nominee
and being a candidate
Discusses Legislation
Mr.. Flatau spoke of the many things
the association is doing to cooperate
with the national association to aid In
getting through desirable state leeisla-
ton and in other ways instituting re-
forms in credit methods. you see," he
said In conclusion. the credit men of the
country are doing their share in bringing
about sounder business methods"
AS a member of the mercantile agency
committee William W. Wood of the Amer
lean National bank presented part of the
report of his committee by reading a
paper on Proposed Banking Legisla-
ton" in which he advised great care in
currency legislation so as not to upset
the present system and make matters
worse than at present. He pointed out
chat the banks of the country have -four
ished and increased In strength since
1898 and that any radical change might
have a bad effect
TO make a sweeping change said he,
in that financial system which has
served us so well in times of great pros
perity, might result in "a commercial
II.
The speaker outlined the Aldrich and
Fowler bills now before the national con-
gress and found fault with both.
Can Settle Question
why could not this question be settled
for all time to come" said he, by the
cooperation Of the government with the
local clearing houses?"
Mr.. Wood thought the currency ques-
tiOn ao1Yl1 ha Ia IN od
the cooperation of the government sim
liar to the way the l,cal clearing houses
have tided over the recent stringency
One advantage of this method he thought
was that the local clearing houses were
better acquainted with trade conditions
in their respective localities and thus
better able to regulate currency matters
than any outside body.
Through its chairman, ]. D. Simpson,
the credit department methods commit
tee recommended that the wholesalers
board of trade be requested to employ an
expert to examine the stock books and
other records of persons and firms asking
for credit and give reliable information
to those extending credit.
1--WE know to dollar" said Mr. Simp-
son, 'how much a man owes, but where
we are weak is in being unable to as
certain to a certainty the debtors aotua!
resources aside from his visible stock of
goods and what he chooses to tell the
mercantile agencies about himself"
Many Firms Represented
Following is a list of those present and
the firms they represented
II. Flatau, M. A, Newmark & Co.; ]. d.
Simpson, Franz Simpson Fruit company;
q. ]. Levy, Standard Woodenware com
pany; r. w. Burnham. r. g. Dun g.
Co; L Kimble. w. W. Montague & Co.;
William r. Bosbyshell. United Whole
sale Grocery company; w. w. Lyons.
Young's Market company; C. V. Nc
Mannery. Armour & Co.; T. r. Lamb.
Richardson & Holmes Fruit company; Fl.
w. Benson. Sperry Flour company; L. S
Renson. Sperry Flour company; Walter
McStay. McStay Bros; C. H. Griffith
Montgomery & Mullin Lumber company;
w. c. Kennedy. Baker Iron works; Will
liam w Wood, American National bank;
T. d. Ludley. Stetson- Barrett company,
II. X. Miller, Los Angeles Saddlery and
Findings company; A, W. Dudley. Los
Angeles Saddlery and Findings company;
Joseph S. Kuzinsky. Loeb. Fleishman &
c.; Adrien Loeb, Loeb. Fleishman & Co.;
Gustav Hellman, Farmers and Merchants
hank. Newman Essick, Commercial Ma