Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-05-19
FUND FOR PROSECUTION
OF CROOKED CREDITORS
richmond Credit Mems Association
Aids National Campaign to
Protect Members.
ANNUAL MEETING AND BANQUET
addresses Made by Edward f.. Shelf
1ey, National Director, and Card.
well II ard v, Federal Reserve
Agcnt-C. S. Freeman. President.

The fourteenth annual banquet and
business session of the Richmond
Credit Mems Association was held last
night IN the dining-room of the Bust
ness Mems Club. officers were elected
and delegates chosen to attend the
which will be held In Pittsburgh on
June 1916
me kichmond Bureau Of Credits was
recognized. in n resolution. AZ the Of
hcial collecting agency OF the local
association. second important rey0-
luton levies an annual tax Of 81 upon
cach member for two years the money
To be used for the national fund In
prosecute those VIII" attempt. by bank
ruptcy or other proceedings, to dcfraud
members Of the association
ASSOCIATION SAVES LOSSES
no BUSINESS HOUSES
The only set speech Of the evening
was delivered by Edward T. Shcrrcy. OF
the craddock Terry Shoe COMPANY. Of
LynchburG. MIR Shelley is one OF the
national directors. He spoke o! tho
value Of the Credit Mems Association.
lie referred 10 the bankruptcy laws
ana how the national executive COM
mittce is attempting to have passed
hctter laws along this line He an
n"un"ed tina; $4,000 OF the necessary
$4,000 for the national prosecution
fund has been raised He urged the
Richmond branch to contribute its part.
Mr.. Sheffey told Of the changes
which have come about in the bust
ness world In tho past few years He
believed that the Credit Mems Aasocia-
ton is largely responsible for the
smaller losses incurred bv business
houses
president f. L, Hinkie called tho !
meeting to order and briefly ske;ched
over the work OF the association for /,
the past year. He said that reason
Tor many failures OF merchants was
mar large number of them do not |
keen set of books, and consequently.
can never tell where they stand slim .
Sh"d methods Of accounting. he said.
were responsible for most OF the fail
nrcs by small merchants
ASSOCIATION ENJOYS
PROSPEROUS CONDITION
Colonel 10 Lane stern secretary.
made his annual report. reviewing in
'e'ai! the work OF the assoca ton. and
IS financial standing. He showed the
'odE 10 hc III uNCsilcnt condition both
II point Of membership and as TO A.
ian"es The total income for the past
ear was S3,156.nS and the disburee
nents sl.7ls.
on'cers for the ensuing year we're
ina ninously elected as follows: g. S
freeman. OF Watkins-CottrcllC o,rrany
resident: Harry Marks. OF the Harry
MATHS Clothing Company, vice -presI-
rent w. s. Rvland. ~ the National
'iate ana city Bank. treasurer: exccu-
I've committee. f.: f. Hnkle. of tho
tichmond Dry Goods Company; W. Il.
5roaddus, OF the Etchisor Hat Com
amy: Alvin NJ. Smith. Of tn. Smith
'ourtn"y Company; William VI. Craw
ora or the '" H. Miles Shoe Company,
ma H.. b. J. Whitmore. of the Win
norf-lhS"n Company Of Petersburg
delegates To the Pittsburgh convcn-
ION arc; g 5. F.nsom. J. g. Bowers
i"rr! Marks Il W. Roberts. w NJ
ones. u. 7. Harris. ~. s Rinswanper
NJ Crawford, q. y. Shuman. W. s.
y land and w. y Jones'
"ollowine tho business session
'ardwcll Hardy, Federal reserve ,rcnt
l richmond, was introduced and made
snort talk. He spoke Of the rcia
IONS OF banking interests TO the busi.
'cSs men. Mr.. Hardy will he tho
neak"r AT the next dinner of tho as
ociation.
snort talks were made by members Z
the association. q