The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-08-15
CREDIT SITUATION
TO UNDERGO CHANGE
Loose System at Present in
Vogue Due to Be Re-
modelled.
SOME SMALL OPPOSITION
LESSER TRADESMEN DECLARE
CHANGE WOULD RUIN THEM.

There is every indication that the
credit system as it applies TO all BUSH
ness concerns in Salt Lake will this
week pass through a crisis, and meh
in all lines of trade are hopeful that
an agreement will be reached which
will adjust the local situation so that
it will apply TO all alike.
There is a general feeling that the
credit system in Salt Lake has been
drifting along on entirely too lax
lines. Business men argue that there
is no hiding the fact that there is
money stringency, and that in order
that their business be conducted along
proper lines and for the protection Of
their credit-and. in fact, everybody's
credit-the system of doing business
must either be cash or the prompt
payment Of bills at a given time.
The opposition to the ultimatum re-
Gently given by six of the leading
wholesale produce dealers, as we'll as
the attitude of the commission men
that all bills must be paid weekly, is
we'll defined by the grocers. The
small grocerymen are decidedly pro-
nounced in their opposition, as they
declare that such a system will be
injurious 10 their business. They
point out that they have a large per-
centage of customers who receive
their pay but once a month, and il
will be impossible to force these Gus
toners TO pay cash or to pay at any
other time except when they receive
their wages.
The sentiment among business men,
however is generally in favor of
uniform system of credit, and the
! thirty-day system is favored.
DemOnd Monthly Pay.
The Retail Merchants association
is on record in favor OF the payment
of bills monthly, and against the eX-
| acting weekly payment system.
The first step toward a readjust-
ment of the credit system to apply to
all lines of trade in Salt Lake, and
system which will apply uniformly,
win be taken today. when a commit
tee appointed by the Utah Association
of Credit Men will meet at the Com
| mercial club to devise ways and
means of bringing about a satisfactory
adjustment of the tangled state of af-
| fairs.
This committee is composed of c.
NJ. SOrensen, representing the w. s.
Henderson Wholesale Grocery COM
pany; J. P. Hansen. Hewlett Bros. :
/ II. L. Griffin of Ogden and D. Boards
| hall of the Salt Lake Glass & Paint
| company
The notice signed by the Jensen
| Creamery company, Christensen Pro-
| duce company. John Holley & Co,
Nelson & Kicks, Armour & Co. and F.
| r. Buckley was TO the effect that the
retail trade must, after August 10, pay
their bills weekly. If this is done, the
retailer will have to pay upon delivery
of goods
The first action of the committee
will be to ask the wholesale produce
! dealers and commission men to hold
their demand upon the retailer in
allegiance until a general plan in the
matters of credits which will apply
and obtain to all alike may be worked
| out and agreed upon
For the past six months there has
been a combination among about ten
| of the produce dealers of Salt Lake,
Provo, Ogden and Park City in ex-
| istence, which meets in Salt Lake at
regular intervals to discuss the credit
system and to compare notes on re-
tailers who pay promptly and those
who do not pay promptly. 1t has been
charged that these commission men
always have d few words to say about
the regulation of prices
Must be Uniform.
1T is obvious" said Mr.. Hansen
that if there is to be a tightening VI
on credit il should be arranged SO that
it Will be uniform and apply to al
J lines Of bushes alike. We ca1R0
St6nd tdly by aNd permit the WhoiesaI,
produce dealers to inaugurate a week
ly payment system without takine
| some action which will he uniform in
nature. We are all agreed that tn,
credit system in Salt Lake is too lax
and that something should be done {,
bring about better condition.
don't think any business man in Sal
Lake is in favor of radical action. TIL,
consumer must be taken into consid
Grafton. His limitations and pOssibili
ties must be considered"