The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1910-06-27

lungIy-man story which was appre-
ciated.
Arthur Parsons, president OF the as
sociation and a recently elected mem-
ber of the board of electors OF the
National Association of Credit Men,
was then called ipon and responded
with the principal address of the aft
ernoon, eN
Mr. Parsons expressed his appre-
cIation, as we'll as that OF all the
visiting members Of the cordIality
with which the OGDEN association had
welcomed them ind commented on
the delightful caiyon trip, the menu
and the general air OF hospitality
which was apparent on all sides.
History OF the Association.
In reviewing tn, history of the Utah
association, Mr. Parsons read from
clipping an account of the first
meeting in 1900 when the association
was organized an{ then followed with
m outline of the purposes and intents
OF the organization and what had been
accomplished sine Its commence
ment
He said that he work Of the as
soclation was divided into three dc
partments. viz: tle information. col
lection and adjustment sections. The
information department. he stated,
T. was for the purpoIc OF gaining knowl-
edge OF value TO HE members of the
association and disseminating the
same, establishing the credit records
for members and determining as far
rs possible the nature OF all risks
likely to be encountered, He said
that II was impossible to eliminate
the element of loss from the accom-
plishments Of the organization, but
that Utah compared very favorably
In that respect with other states.
The speaker decllred that the work
of the credit association accomplished
much more for creditors than could
the bankruptcy Law In the event OF
man being forced to turn over his BUS
iHeSS in order 10 satisfy his debts.
In resorting 10 the bankruptcy law a
man cannot escape the stigma at
tached to the proceeding. while Ii he
turns over his affairs Tor adjustment.
by the association. the creditors are
assured OF an equality OF adjust
ment. and In many cases the man can
be assisted To retain his business and
gradually regain his position and
credit He said that collections real
ized by the association amounted to
81 and So per cent as compared with
il IA per cent realized through the
bankruptcy act
Discuss the Bankruptcy Law.
Mr.. Parsons spoke OF the Shirley
bill for which the national aSsocia-
ton is working. and which Is an
amendment OF the bankruptcy law 10
give creditors more power In bank
ruptcy discharges.
The speaker took up the subject
OF prosecuting frauds. credit depart
ment method. adjustment bureaus,
fire insurance reports, business liter
ature and the Importance of securing
the membership of the bankers OF
the state. Relative TO the latter. he
said that while In many states as
many as fifty bankers were members
OF the credit associations, in Utan
there are only five who have aftiliat-
ed thus far
Mr. Parsons then closed his re-
marks with an outline OF the recent
convention of the national association
at New Orleans and the entertainment
provided for those who attended from
the various states,
The officers of the ogden Manulac-
turers & Jobbers' association, under
whose auspices the credit men were
entertained, are j. S. Campbell. presl'
dent: II. l. Griffin. Otto Buschjost
and w. r. Burton. ice-presidents,