Evening star., 1925-06-08

OF the ASSOCIATION
was doing GonEUGENE :. ELKUs
Structive and pro-
tective work not only for its mem
bers, but also for the benefit of every
business institution"
Report fthe executive manager,
J. Harry Tregoe. was also ready for
presentation at this afternoons ses-
sion. The convention was TO be well
coined by Frederick Lincoln Siddons
Associate Justice, Supreme Court OF
the District of Columbia; w. c. Han.
son. chairman of the general ConN-
rention committee. and Frank w.
White, president of the Washington
Association of Credit Men. f. D.
Ross of Portland. Greg, was to re
spond; Edward James Cattell was to
speak on Looking Forward and
the principal address of the afternoon
was TO be delivered by Bishop James
+. Freeman of the Episcopal diocese
of Washington.
The Washington Association of
Credit Men will entertain tonight at
the Mayfiower Hotel. at q reception
and Ball for the national president,
Eir. Elkus.
80 Groups In Session.
Two groups re in session this
moi nlng. The Robert Morris Asso
ciates, bankers, who are members of
the national association, and the Ad-
justment Bureau Managers. The
bankers We're presided over by j. \.
Eaton of Boston. and the adjustment
bureau managers by w. +. Tarlton of
st. Louis.
Mr.. E,lkus explained that the credit
education branch of the association
activities included the work of the
education research department, includ-
ing the National Institute of Credit,
national and local publications. con-
ferenceS and meetings, all of which
showed fine progress
In reference to the economic work
Of the association, Mr.. ElkuS said in
formation for the scientific handling
of credits was being provided by the
credit interchange bureaus, which
were feeling an increasingly heavy de-
mand from the credit managers of
the country. Both interchange
bureau activities and the foreign
credit department, he said, had been
expanded and increased in efficiency
during the year.
Adjustment bureaus of the associ-
alton, he said. had effected a tire
mendous saving to business" through
the cooperative handling of insol-
vent and embarrassed debtors.
Fifteen principal cities of the East
have been asked to raise the 81 900 600
cEeOlI Justice lu1lu Ndllcu IOl eApdil-
sion of the work of the investigation
and prosecution department. the
president explained. He stated that
the success of the project thus far
was conclusive evidence of how IRE
markably well the various committees
have done their work" The depart
ment, Mr.. Elkus said, had success
fully prosecuted great numbers of
fraudulent debtors and recovered con-
cealed property of immense value
Heads Ardent Workers.
The president reported that during
the year he had met with the depart
ment heads of the national office, all
of them ardent and enthusiastic
workers; men of high caliber and un-
usually solicitous for the welfare of
our organization. From these con-
ferences I feel that many ideas and
suggestions were rounded out that
have increased the service OF the
national association to its members"
Executive Manager Tregoe. in his
annual report, said the organization
comprised 140 units, located in the
principal commercial cities of the Ma.
don. carried a personnel of approXi-
mately ! 900 persons, and last year
expended a total of more than 81
600 900. In the operation and main
tenance of the interchange bureaus
planned. about $3.50, 900 was disbursed.
The associations campaign to raise
its credit justice fund for punish
ment and prevention of commercial
crookedness," Mr.. Tregoe said, was
prompted by realization of "a lower
ing morale in the treatment of credit
contracts" The campaign he char
acterized as "unquestionably the most
progressive and far-reaching move
ment ever undertaken by a CONNER
cial body since the beginning OF the
Nations history"
The Butte Mont, association, it was
reported, gave up its identification
with the national body, but new asso-
Citations were organized at Elmira,
y. Y, and Trenton, n. j. Mr.. Tregoe
praised the personnel of the associa-
tion staff and announced that three
divisions had been created-Eastern,
Central and Western-in charge of W.
w. Orr, f. B. Moran and &. b. Tra-
goe, respectively. Mr.. Tregoe an
nounced staff appointments of DR..
Frank A. Fall credit education and
research department.: Rodman Glider,
editor of the Credit Monthly and man
aser of the public relations depart
ment, and William S. Swing!e, foreign
credit department and the foreign
credit Interchange bureau.
May the future and our immediate
responsibilities, said Mr.. Tregoe, "en-
courage every heart to do it's very
best for the organization ana encour-
age in credit work the degree OF in
terest and pride that will elevate it's
standing in the business world and
have it understood generally as a pro.
fession. not a piece, of mechanics"