Omaha daily bee., 1916-08-24
CLEVELAND GETS
NEXT CONVENTION
Credit Men Elect Officers, G.
E. Corey, Omaha, Named
as Treasurer.
JACKSON IS PRESIDENT

JACKSON Is PRESIDENT
H. Victor Wright, Los Angeles,
was Wednesday afternoon elected
president of the Retail Credit Mems
National association at the closing
session of the convention. Other
officers elected:
C. F. Jackson, St. Louis, vice pres
ident.
c. E. Corey, Omaha, treasurer.
A. ]. Kruse, St. Louis, secretary.
Six directors were elected, as fol-
lows: D. ]. Woodlock, St. Louis; Z.
A. Howell, Denver; w. H. Taylor,
New York; B. G. Voigt, St. Louis;
M. ]. Solon, Minneapolis; w. J.
Schmus, Cleveland. The next con-
vention is to be held in Cleveland.
In the evening the members were
entertained at the Charter Lake club
as the guests of the retail credit
men of Omaha. This closed the
series of entertainments provided for
the visiting delegates and women
during the week by the credit men,
and by Ak-Sar-Ben, whose royal
highness entertained them Monday
evening
Mill City Man Speaks.
Character, capacity and capital, are
the general heads considered when
contemplating the extending of credit
to a new customer, according to M.
J. Solon of Minneapolis, who Wedness
day morning opened the discussion on
What Is a Basis for Granting Retail
| Credits"
Under character he would q, class
honesty and paying quality. Under
capacity he would class ability to
pay, occupation, thrift, Under capi-
tai he would class property, income
and investments. -..,..
He declared that family connections
could sometimes be considered to
good advantage, though not always.
Consider Family Troubles. 81
Family troubles, he held, must al
ways be considered carefully. There
are many cases in which the husband
insists the wife shall have no charge
accounts" he said. This is becom-
ing more and more of problem. We
are living in an age in which married
life, one might say, is an uncertainty
and it is necessary to consult the hus-
band before granting credit to a wife
i In Minnesota, under the law of that
state, when wife contracts debts
while she is not living with her hus
band, we are powerless to collect
\ from him. :,
i The speaker declared that as rule
young girls from l8 to Is are better
risks than young mensof correspond
ing age. "They seem to have more
responsibility or feel moral obliga
ton more strongly" he said. "Ofter
we have young stenographer, Y
years old, who gets SIS a week anc
pays her bills with exceptiona
promptness. Then she gets marriet
to a young fellow OF her own age
who hasn't much i'll the world anc
never hopes to have, and after tha
we are compelled to refuse her tur
ther credit on account of his repu
tation. -
Uniform Application Blanks.
An effort will be nadt to universal
ize the form of application blanks il
, all the stores over the country. This
was brought out in the discussion or
"How to Follow up Accounts anc
: Get the Money" by Sig Wolfert ant
, Alfred Allnia of St. Louis. The uni
form form and color of application
blanks, it was pointed out, has tn
| effect of showing the prospective
customer instantly that there is ;
, cooperation between all credit met
and he will be less apt to concea
) important information in making .bi
application, for he, will know tina
through the cooperation of the credi
men there is a way to get the facts
Whether isis good policy to charg
interest on past due accounts wa
. discussed at some length, with b. q
=, Veigt of Los Angeles and Charles No
Ian of Duluth as leaders of the dis
t cussion. 1t was the consensus o
: opinion that to charge interest is no
GOOD pOllCy III tnc Case vi illCi IHdHt
E selling small goods or small quan
t titles, but that dealers i'll such com
e modities as lumber, coal, etc, are bet
ter able to do this with good grace
Moral Responsibility.
9 How to open an account depend
, upon the moral responsibility of tn
: prospective customer, according t.
3 the discussion led by G. A. Lawo o
Memphis and w. T. Snider of s.
Louis. 1t was pointed out that it
an injury rather than benefit to
man to extend him too much credl
on very limited means.
Delegate Lane of Minneapolis be
came popular when he told of the re
lation their local credit bureau in Min
neapolis has with the banks. He sal
!, nine banks of Minneapolis are mem
Q bers Of the association and that the
3 all declare they get much benefit fror
! it. A Los Angeles delegate declare
1 that twelve banks in Los Angeles ar
8 members OF the LEGAL there, and tina
Q somtimes when a man comes t
! address the meeting he cannot te
5 whether he is in merchants meet
s ing or a bankers convention. Ih