The Washington times., 1925-06-13
U.S.CREBT men
FINISH BIC
MEET,
Accomplishments Many in
Convention Week.-Mrs. Very
Widening Influence
By RICHARD HATTON.

BY RICHARD HATTON.
The outstanding accomplishment
Of the thirtieth annual convention
Of the National Association OF Credi
Men. which closes its sessions her
today. may be outlined as follows:
The announcement by the asso-
citation that over $1,000, 900 has
been raised to fight commercial
fraud in this country.
The apparent willingness Of the
Departments Of Commerce and
the Treasury TO give the assOcia-
ton every possible backing In the
constructive work e, Is doing.
The high and noteworthy stand.
ing Of the speakers at the cOnven-
ton, including two Cabinet off,
GERS, two Senators, the Under Sec
rotary Of the Treasury, the As
Gistane to the Attorney General,
the vice governor Of the Federal
Board, and several bankers Of
national reputation.
The nationally known executives,
such as the president Of the Bald
win Locomotive Works and the
president of MOody,s Investment
Service, ETC., who addressed the
sessions.
The interest taken by members
of the association In the speeches
and the discussions in the trade
groups which attested the sim
cerity<0f the purposes behind the
activities Of the organization and
the cooperation Of the press Of
the country as indicated in 3
resolution adopted by the ass0ciar
ton.
1t is not often that a convention
can run over period of one, week
In which the interest is sustained
to the end. and the delegates fee
the good they have gained has more
than paid for their trip to Wash
ington.
Has Growing Influence.
It is apparent that there Is grow
ing in this country the realization
that the National Association Of
Credit Men is one Of the strongest
Il not the strongest of its kind. and
that It exerts great influence II
business and trade. It is expanding
so that this year one day Of thu
convention was set aside as worlt
trade day in which the ambassa
doris and ministers Of foreign coun
tries were present in order that the1
might become familiar with the &C
dvities of the organization ant
realize its endeavor to cooperate
freely with all OF the nations OF the
world In the development of trade
and business on credit basis.
As stated today by Frederick p
II. Siddons, assistant treasurer OF
the American Security and Trust
Company, who is an active member
Of the local chapter Of the National
Association of Credit Men and who
has been particularly active in con
tributing to the success Of the con
vention:
From the credit mans stand
point. the National Credit Mems
Association through its convention
should have made every one fee
that the knowledge secured from
speakers, who were men of such
outstanding ability, could not be
better gained than by listening tC
them personally In the delivery Of
their addresses.
Every Phase Discussed.
When it is considered that every
phase Of credit was discussed not
in meager manner but in a thor
ough manner, and that the subjects
SO Wtally reflected upon credit
such as the bankruptcy laws, taxa
ton, Federal reserve system, in
vestments, the PROBLEMS of the
farmers, etc., and that the program
itself was not too crowded so-thst
it developed conflicting ideasfof tho
subjects treated, this in itself be
speaks the success of the conven
ton.
"It was especially brought out
that the credit man knows thai
credit is based on character, ca
pacity and capital, and these funda
mentals were certain in the minds
OF those who delivered talks on thu
subject Of credit"
Members Of the association fee
that in order to develop the credi
system Of this country to the bes
advantage 1t viii be necessary t
continue an association Of effor
az was brought out in the address
or Alfred p. Dennis, member o
the tariff commission. The ides
developed by Mr.. Dennis that tn,
theory and practice Of credit was {
state Of mind was unique and in
teresting to his hearers.
The success OF the thirtieth an
nual convention was unquestionec
and the members who came Il
Washington feel that this is an idea
city for the holding of a conven
ton Of this character because of tn,
many points of interest, the mel
who live here and the interest dis
played by the departments OF gov
eminent.