Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1915-04-24
ELKO ASSOCIATION
OF RETAIL
MERCHANTS
To Our Patrons:

o our L dtrOnS.
Some three years ago the mer-
chants, whose names are signed to
this communication, organized them
selves into an association for the pur-
pose of fostering among themselves
closer social relations, live interest
in the civic duties which they owed
to their community and cooperation
in conducting their business upon
more solid and up-to-date methods.
After years of endless discussion,
we have arrived at the unanimous
conclusions which we are embodying
in this communication to you:
Nowhere in the world has the credit
system been misused both by the buy
er and the seller, as it has been in
Elko county.
The buyer has seemed ignorant of
the fact that ninety per cent of the
merchandise he purchases, represents
hard cash to the merchants. He has
merchant must pay cash for his mer
chandise within thirty days of pur-
chase.
He has compelled the merchants to
extend credit to him for periods ex-
ceeding six and even twelve months.
He has been unwilling to pay inter-
est for this accommodation, and COM
PEELED the merchant to borrow money
from the banks, paying large sums
of interest with thousands of dollors
of past due gilt-edge accounts on his
ledger.
The merchant has been to blame,
because he has allowed this state of
affairs to continue and each year to
grow larger and more burdensome.
Because he has not properly inform
ed his customers of these conditions,
who in most cases would be only too
glad to cooperate in reform.
Because he has allowed this evil to
grow upon both of us, until it has
reached such proportions that nine
tenths of the merchants of Elko
county have from one-half to three
quarters of their capital tied up in ac-
ing a cent of interest. In addition to
this we have confronting us this year
one of the most widespread money
stringencies that this country has ever
experienced, due to the disastrous
war among the nations of Europe.
How does this affect you? The man
ufacturer, having difficulty in borrow
ing money presses the wholesaler, the
wholesaler for like reasons, presses
the retail merchant to the utmost and
a state of affairs exists which extends
all along the line down to the con-
sumner.
therefore, in order to be able 10
continue to do business without seri-
Gus loss TO ourselves, and in accord
ance with approved modern business
methods, the undersigned have agreed
upon the following terms, which will
hereafter be adhered to; and we ask
you, in view of the conditions de-
'NiipNNf 90 NNii do oli dNIoulfl VI tuC
undoubted benefit that will eventually
accrue both to yourselves and us by
their enforcement, to heartily cooper
ate with us in this reform.
On and after February-1ol5,
all prices quoted by US for merchan-
disc will be the cash price for same
To those of our customers of sat
isfactory standing a credit of thirty
days will be extended
On all bills not paid within thirty
days after maturity, interest at the
rate OF one per cent per month will
be charged Yours truly,
w. t. Smith Company,
Elko Mercantile Company,
Sutherland & McFarlane,
Engler Company,
Seymour Jacobs Company,
c. S. Garcia,
A. w. Hesson Company,
Elko Lumber Company,
Reinhart Company,
Elko Drug Company,
l.. J. Wintermantel Company.