The Union times. [volume] (Union, S.C.) 1894-1918, 1913-03-28

dent.
At meeting held in the Chamber
of Commerce rooms Tuesday evening,
March 25th, the Merchants Depart
ment of the Union Chamber of Com
merce was organized under the sys-
tenn of The Merchants Credit Com
pany of Macon, Ga.
Mr.. T. c. Plunkett, general organ
izer of the Merchants Credit Compa-
ny addressed the meeting and assist
ed in effecting the local organiza-
ton.
BY this system all individuals as
we'll as firms are placed on record
showing at how many places they
deal, what amount of credit they OBJ
tain, and how they pay each firm
with which they have had credit
dealings, accordingly they are rated
prompt pay" "fair pay" "slow
pay" and mo pay"
People who pay one or two mer-
chants in order to use them as ref
erence to get credit from others, and
then neglect to pay them, form. the
class that is largely responsible for
the losses in the business world.
The aim of the system is to show
such persons in their true light, and
make it necessary for them to pay
cash, thus reducing losses in extend
ing credit.
"What the trading public should
| insist upon," said Mr.. Plunkett, "is
that their merchants give them rat
ing so that when they ask for cred
It all that is necessary is to refer to
1.-The credit guide. -,
ss"There are many people who are
not Intentionally slow in paying their
accounts, but are neglectful, and
when they understand that they must
be rated they will endeavor to secure
the best rating possible, and will be
more prompt instead of allowing
their bills to accumulate. The Credit
Rating Guide is now published in all
of the Southern States and renewed
every twenty months. In some States
very hamlet is organized under this
system.
"People moving from one State or
county to another are followed by a
searching special reporting service
which shows if they are good or bad
risks for credit, and for what amount.
"Supplements to the Credit Rating
Guide are issued every sixty days
in the form of a secretary's report,
/, keeping the rating book constantly
up to date.
each subscriber is furnished with
letters to send to all delinquent debt
ors that he may have on his books,
giving them due notice to adjust their
there was an injustice done that one
after the book has been distributed.
: The explanation Of Mr.. Plunkett,
who has charge of the organization
work in this state, was so satisfac-
tory that the merchants were glad to
give their endorsement, adding that
the plan is undoubtedly the very best
ever offered for the protection of bus
mess men of this city.
About thirty of the Union mer-
chants are already cooperating in
this movement and it is expected
J. that practically every business and
: professional man in the city will en-.
8 roll.
Mr.. w. X. Sumner, the secretary of
the Chamber of Commerce will look
q after the affairs of the local credit
e and collection bureau.
Spartanburg, Greenville, Greer
Newberry, Anderson, Abbeville, Gaff
p ney, Laurens, Chester and great
many other cities and towns in the
: Piedmont Carlinas are cooperating
in the movement and it is planned to
make it a Statewide institution.
: Mr.. j. Cohen was elected president
of the new Association, and Mr.. Fred
8 H. Garner, vice president. An execu.
tive board will be appointed at anoth.
: er meeting which will be held at ar
= early date