Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-03-17
FINANCIAL CONDITION OFRANK
AND FILE OF STATE BUSINESS
men GOOD, CREDIT TALKS SHOW
Many Visitors Here For The
Northwe.tern Conference
Credit Men. Association !;
]. ]. Farley Of Valley City
Gives Splendid Talk; J.
H. Tregoe Supple. The
Pep.

With j. III. Tregoe of New York city.
secretary Of the National Credit Mems
association, the human dynamo, about
which the sixth annual conference of
the Northwestern Credit Mems asso-
citation revolved at the opening session
this morning, nearly 200 delegates.
representing practically every jobbing
house in the Twin Cities, Duluth, Far
go. Minot and other points. wrenched
loose the facts concerning conditions
In North Dakota and performed an
operation to determine the prospects
for the future.
]. j. Farley of the Valley City Bank
of Valley City, N. D., (supplied the in
struments and was the first to ply the
knife which barred. the basic facts, the
cause and the effects, which have
made the state of North Dakota the
center of interest in the world of credit
men for the last year. His address
touched upon former conditions in the
state, conditions as they are and con-
,ditions as they will be. and his audi
ence of 200 voted it an accurate an
alysis: He gave them q substantial ba-
sis for the extensive discussion that
followed. Mr.. Earley's review of con-
ditions, as he presented them to the
credit men at the meeting this morn
be published In full lin the Friday
morning edition of The Herald.
st ]. w. Sprague of Minneapolis. chair
man of the conference committee,
called the first business session to or
der this morning at 10 o'clock after
4 more than 100 visiting delegates had
registered. In. He introduced Mr.. Ear
ley. whose discussion Of North Dakota
/: credits marked the keynote of the
Z morning conference.
NJ Lively Discussion.
n Imbued with the ::'pep" that charac-
terizes ]. H. Tregoe- the national Sec
/ retary, the live wires in attendance at
Il the meeting opened lively discussion,
Y centered upon statement made by
I. Mr.. Early that was partially construed
(. to mean that credit men have been too
3 liberal with Incompetent merchants
4 and that many Of the credit difficulties
h are due to this fact. |s .%S3
While the discussion as advanced
BY various speakers drifted to various
angles of the credit game. the general
\ gist centered on the fact that condi.
\ tions In North Dakota are not pointed
n ~ precartous and that the assets OF
e the rank and file Of the business men
within the state are rapidly reaching
= the point where they will be in po-
|. sition, financially to liquidate all OF
their obligations.
s For the credit men TO get in touch
Il with the men to whom they advance
& credit, study them from business ef-
Y iciency viewpoint and balance them
I in the scale OF character, capacity and
Z. capital, was given as the most substan-
is tial procedure for basing future cred
4 It's Cooperation and encouragement
4 mingled with spirit of optimism, was
Il pointed out as the essential policy for
jobbers, merchants and business mer
y in general to follow in the future, as
the one certain method Of bringing
SS about an early demise to the present
II depression which has infested the en-.
sf5tire country
"a As Good as Any State.
@s& It was repeatedly pointed out this
morning that North Dakota is not ir
III any worse condition tl1an any other
IA state in the union and in better con.
#dition than the cotton states of the
south.
55 M. e. Garrison Of Wichita, Kansas
Mo director Of the national association
of credit men, who Is accompanying
Mr.. Tregoe on the tour OF investiga.
tion through the northwest, was called
upon and he presented important
gsfacts that he had discovered during hi.
close association with the credit bust
( ness. w. o. Hawkes. of Minneapoli.
presented a paper prepared by ]. NJ
3@s Paul Of Mcdonald Bros. Of Minneapo