El Paso herald. (El Paso, Tex.) 1901-1931, 1919-10-04
WILL SAVE MAN
ON The ROCKS
Credit Association Plans to
Prevent Business Fail
ures in Future.


steps TO prevent failures IN busi-
ness IN z Paso have been taken By
{ the Tri-state Association OF Credit
Men. BY the appointment Of a COM
mittee 70 wor-- out a plan for get
ting hold OF the business or business
man who IS ~on the rocks" and saw
ing him before he becomes a financial
wreck.
"Our association Is not organized
just 70 wind up unsuccessful con-
Germs" said secretary 7. T. Blanch-
ard, "but we want TO salvage busi-
nesses that seem about TO get into
trouble; we want T. prevent failures
can do 50 II the firms viii consult Us
Can BE Helped.
There ars merchants in this coun-
try today who are unconsciously
headed toward the rocks. There are
leaks in their businesses which they
know nothing about They know not
why, but somehow the are not able
70 pay their bills ike they once did.
There was a time when they could
meet an obligations promptly, but
nov 81 is a struggle TO meet them
even n a semi-satlstaectory manner.
something is wrong with the mans
business and he does not know what
It IS
should other business men be con-
tent 10 take their share and share
alike without regard to his interest, I
his loved ones. or his future? Would
IL not be better for him. for hia
creditors 20 60 10 him in a spirit Of
friencluess and helpfulness and show
him where his business is going7
New plan Adopted.
This thought suggested 20 my I
mind that we organize a new depart /
meur 70 the association 10 be known I
as the business service department /
Through this department we viii exc I
tend to the retain merchants OF the {
southwest the facilities Of the organi- Z
zaztion in order that the knowledge /
and experience Of its members may /
be utilized IN diagnosing their bus
mess ailments and curing their BUSH /
ness disorders before 30 IS too late
before the business dies for the lack /
OF treatment and is ready TO be laid I
at rest IN commercial graveyard Il i
Is better to prevent a failure than to 4
liquidare the estate after the debtor
has failed. even though we pay q fair
TO good dividend.
"a resolution unanimously passed ]
endorsing the suggestion and author
ling the president Of the association
70 appoint COMMITTEES 20 work out
the plans as suggested
&C 8 Nastis. president Of the assoc
citation. appointed P. c. March. z. II.
Hurd. Ben Swat, II. p Vaughan and
C. H league 20 work out definite
plans for the successful operation Of
the business service department
Ready For The Cure.
"A sanatarium Of any reputation
counts upon the rehabilitation Of az
least 80 percent % its patients Butt
81 is the universal experience Of credit
men that a very small proportion Of
commercially sick merchants is re-
facilitated When SYMPTOMS Of
trouble occur. when the retail mer-
chant finds himself ia a financially
embarrassing position. he Is ioath 10
ness 70 his creditors. fearing it would
result in an onrush Of creditors for
payment md that he would be unable
10 meet their demands.
''In the past, this fear has to some
extent been justified, for creditors
when they discovered symptoms OF
trouble. began TO think Of what they
might recover Of their debts and not
whether the trouble was durable and
The debtors business could be saved.
This misunderstanding between the
here has been no sufficiently wen or
-anized association through which the ID
iebtor and creditor might come to-
gether ana discuss their matters in a
Iane business Ike manner. The
lredit men OF e. Paso Ore keenly alive
% this defect and are ready. through 4,
he association. TO grasp the oppor-
unity Of curing commercial troubles
When they are durable. believe we
an prevent 90 percent OF the fall
lrea