Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-06-17
DEBT MORATORIUM
LAW HITS TULSANS
Furniture Dealers WIN Feel Effects
If Glass -Four ~ Called 10
Overseas Service.
HARD TO BUY WITHOUT CASH
Dealers Are Seeing 10 II That Their
Liabilities are Not Increased
by lnsmIlmcnt Selling.

The law declaring n moratorium
on soldiers obligations for the du-
ration Of the war bids fair TO leave
many Tulsl business men and cap
ilallsts holding the sack" for N
vast sum Of money, but no one Is
making a Kick about II SO far as
can be asccrtained.
The furniture dealers will prob
ably be harder hit than anybody.
One OF the most prominent furnl-
ture men In the city yesterday said
that II class four is called this year
It will leave $4,000 worth OF ac-
counts on hts hands that he cannot
collect until three months after tho
war is won.
Il have already had two cases" "
he said. wherein married men hayo
enlisted in the army. leaving their
furniture bills unpnid / find by
consulting my attorneys that | not
only cannot collect this money
while the men are In the service.
but ! will be unable to recover tho
furniture. only q small amount Ia
involved, however. and | do not
mind II. But when class four Is
called | will get an awful Jolt |
will not only be out tho money. but
| am In that class myself"
All Sell for Cash.
As rule furniture men and all
dealers who sell goods on the install
ment plan are refusing to sell for
anything but cash to men OF draft
age now They will sell TO their
wives but no, to them.
, There have been two cases under
the now law In Tulsa courts thus
far. In one OF these married
couple had purchased an automobile
Tho man later went 10 war The
wife was unable TO keep up the pay
ments and tho autom obile dealer
replevined the car. When the case
was tried the court orderad tho car
delivered back to the woman. de-
claring that she could remain In
possession OF II until three months
after the war. providing her husband
does not leave the service in tho
meantime.
In case soldier dies or Is killed
. In action no one seems to know what
would become of his obligations at
home. There has been no ruling
AZ yet on this phase of the question
There are hundreds OF real estate
loans In the city that will be affected
by the law. II man has bought a
home and only made the initial pay
ment, his wife or dependents may
live in Il while he Is In the army
without making any payments.
Law Is Good One.
The law applies as we'll to the
debts of single men who 20 into the
army. Mortgages aud notes OF all
kinds are rendered void for the
duration OF the war when the man
dons the uniform OF Uncle sam.
Obviously It is a good law. o.,
pocially from the standpoint of mar
ried men, for without IL many OF
their dependents would suffer genu,.
Inc hardships when the head OF the
family left TO join the colors.
The young fellow OF draft age who
has not yet been called Is finding 1t
difficult to borrow money or even
buy anything on the installmont
plan now. Merchants who have
large bills unpaid that will be af-
tested sooneE or later by the meas
ure are not complaining about what
they already have done. but they
are proceeding cautiously and seeing
to It that their liabilities art not in
creased In this respect.