The Washington times., 1925-06-13
VAN NJ ny
S(G|NBL)E
A HOME
NN[HSl
Quarter TO Get Woman Vacuum
cIsanerFive Cents to OBJ
tain Wedding Ring, View

"Crazy credit" Ii rampant II
the United States, confronting ths
credit men with situation thai
grows more serious daily, the M
tional Association Of Credit Mer
at the closing session Of their
thirtieth annual convention ct the
MayfIower Hotel, were told today
by Rodman Glider, editor Of The
Credit Monthly.
@Credit men realize that over
90 per cent Of legitimate business
is done on credit. he said. But
1T the pace we are now going, any
man with q dollar IN cash viii
soon be able to buy home, any
woman with q quarter may get
possessiOn Of q vacuum cleaner
and any boy with q jitney may
buy wedding ring.
First FIiyver Payments.
Mr.. cider pointed out shat IS
nns.n with only $3.50 in cash can
buy Ford car in Michigan.
This said Mr.. Glider. Is 2.
sign OF the times and q bad siEn.
The national tendency along the
lines described by Mr.. Glider wa
also attacked by ]. H TregOe
executive MANAGER. -
Richard q. Baden, Of Baltimore,
was elected president Of the asso-
citation at the final session.
~.
president OF the association, sue.
ceeds Eugene s. Elkuss Of San
Other Officers Chosen.
Three regional vice presidents
were chosen. They were. Eastern
division, w. ii. Pouch, Of New
York; Central division. George j.
Gruen, OF Cincinnati, and Western
division, Frank d. Rock, of Denver.
=. Harry Tregoe, Of New York,
was reelected executive manager,
acting as secretary and treasurer.
To fill vacancies on the board of
directors, three were appointed Tor
one-year terms. They were e. ].
McManus, OF Omaha; III. @. Burke.
ir., Of Fort Worth, Tex. and
Maurice r. Fleisher, Of Philadelphia.
Two-year terms os directors were
given to William Fraser. New
York; w. w. Edwards, Oklahoma
City; ]. w. Merian, Cleveland; A.
H. Harris, Louisville;. r. T. Gram
ham, Pittsburgh, r. N. Carson, San
Francisco; y. II Patrick, Salt Lake
City; e. r. Aailes, Detroit; w. E.
Tarlton, st. Louis; s. C. Greuselp
Milwaukee; C. d. McLaren, st.
Paul, and F. B. Ramey, Atlanta.
In the final wind-up of the con
vention business, resolutions were
passed favoring the Coolidge econo.
my program, the bill Of the Ameri.
can Bar Association in behalf of
simplifying court procedure, tho
campaign for the, reduction of fire
waste and other matters of national
importance. Gratitude was ex-
pressed to the Washington associa.
ton for its hospitality, and to thI
speakers who addressed the conven'
ton.
Improved business conditions In
at least fifteen important lines in
the United States during the re-
manning months OF 1925 were pre-
dicted in q scientific statistical re-
port presented to the convention.
Based on the reports Of 292 fac
tories and business establishments,
represented at the convention, the
report showed that SO per cent btN
lieve conditions are better; IS pc,
cent report stationary, and only 1:
per cent hold the opinion that theil
business Is not so good.
The report was the WORK OF
Doctor Frank A. Fall, well-knowG
educator and economist, who
director of education and research
of the association. He was asslstel
in the compilation OF the facts
contained in the report by members
the seventeen trade group
conferences held jointly with the
convention.