The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-02-28
CREDIT GUIDE TO
BE COMPILED HERE

a credit experience guide, covering
Louisa, Biz Sandy and adjoining coun-
ties has met with warm reception
and a hearty welcome by local mer-
chants. w, +. Henry representative
OF the Merchants Mercantile Agency
OF rittsburg Is compiling the guide in
co. operation with the newly organized
Business Mems Association.
individual merchants have inyesti-
gated the matter and several OF them
have voluntarily spoken high praise
for the system.
The credit experience guide Will be
q compendium OF the persons of the
district 1t covers who get credit The
reliability and the promptness of each
person In settling his or her debts viii
be recorded as II is known to mer-
chants who have credit dealings with
him or her.
Every line OF business and profess
sion VIII be consulted in gathering the
data for the book The information
about each person will tell how she or
he pays the clothier. grocer, furniture
man, doctor. lawyer, butcher. baker,
candlestick maker, and all business
II Is expected that ut least thirty
Louisa and Fort Gay, business and
professional men VIII join In the move
ment. The books will be ready for de-
livery within three months, approxi-
mately.
The system has been in use for the
last twentysix years, and is consid-
cred by many leading business men OF
other cities TO be a perfect one, Those
who have been approached believe
that II will work satisfactorily here. A
book will be issued every two years.
Each firm and individual viii be put
on record as to the number OF places
In which he trades, how much credit
he obtains and how he pays each firm
with whom he trades, being rated ac-
cording to his promptness in settling
accounts, as prompt pax" fair pay"
slow pay and mo payh
Persons who pay one or two mer-
chants in order to use them as refer
ences to obtain credit elsewhere and
then fail to pay other merchants form
the class who are responsible for the
greatest losses in the business world.
The object of the system to be intro
'duced here Is to show up such persons
in their true light, making 1t neces-
sary for them to pay cash. thus re-
ducing the losses from credit.
What the trading public should in
sist upon" said Mr. Henry, in going
over some OF the advantages to be de-
rived from the use of his company's
methods, 'is that their merchants give
them a rating, so that when they ask
for credit all that is necessary is to re-
fer to the guide.
There are many persons 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 become
more prompt in settling their ac-
counts"
Persons moving from one state to
another or from one county will be
followed by special reports which will
show II they are good or bad risks,
and for what amounts they may be
credited
Supplements to the guide are issued
every ninety days in the form OF sec
retary's report and the rating book, is
thus kept up to date,
Each subscriber will be furnished
with letters to be sent to delinquent
debtors that may appear upon his
books. giving them notice to adjust
their accounts, inorder that all may
have an opportunity to pay up their
indebtedness and no injustice be done.
In Ashland. catlettsburg and Paints
vile similar results have been accom-
plished and the work will be started
in Pikeville this week.