Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1931-07-02

Gas it is the purpose of business to
bring buyer and seller together in a
transaction which is satisfactory to
one and profitable to the other, so it
is the function of a credit
institution to make it easier for con-
sumers to acquire and use the prod
ucts Of American industry. There is
not much question today but that
credit and employment are closely
interviewer and that the interests of
employee, employer and credit COM
pany are mutual. The success of each
one insures the normal consumption
of good and tends toward regularity
of employment. In my opinion the fl
nance company that is basically sound
recognizes an obligation to the purch-
asing public for developing fair char
ges, extending courteous treatment
and adopting economical practices. In
our Credit Company rates have been
consistently lower than those pre-
viously established for similar cred
it services. We consider the cost of
credit to the public who buy cars on
time to be of vital Importance. In the
case of the Ford Car, the first cost is
unusually low not only because of &C.
onomies in manufacturing, but be-
cause the same principals that inspire
these savings are extended to every
other step that means greater SER
vice to the public. 1t is easy to see
that economies in production would
be of little value if they were later
sacrificed through high charges for
financing.
"In the purchase of over 1850, 900
time sales transactions from the Gus
toners of Ford Dealers, involving
over $500, 900 900, savings have been
created for the public from lower
financing costs established by Uni
versal Credit Company through the
now familiar UCC Plans.
"Our experience in the three years
since we began business, and during
which period our credit operations
have become almost nationwide in
their scope, has been most satisfact-
DRY. The inherent honesty of people
and their ability and desire to meet
their obligations is nowhere better
demonstrated than in this specialized
banking field. Public integrity has al
ways proven to be the outstanding
security in credit transactions.
"The sound credit operations in
which we are engaged contribute
very materially to the wider use of
motor cars thus directly making for
more regular employment in those
widespread sections of the country
which contribute materials for the
motor industry
"Credit buying the last two years
has not increased and there exists to-
day the same ratio between cash buy
ing and credit purchases as has ar
ways existed. We are of the opinion
that American business will be mat
erially assisted in getting back to a
normal basis through the proper
functioning of consumer credit or
CARNATIONS.
The expansion program of Univer-
sal Credit Company has continued
during this year with the opening Of
two new branches at DesMoines
and Omaha. Other branches of Uni
versal Credit Company are located in
the following Ford branches cities
and serve the public located in these
Ford sales territories: Atlanta, Bost-
on, Buffalo, Charlotte, Chicago, Gin
%cinatti, Cleveland, Clumbus, Dallas,
Des Moines, Detroit, Fargo, Grand
Rapids, Houston, Indianapolis, Jack
sonville, Kansas City, Little Rock,
Louisville, Memphis, Milwaukee, Min
neapolis, Newark, New York, New
Orleans, Norfolk, Oklahoma City,
Omaha, Philadelphia, Pittsburgh,
Springfield, st. Louis and Washing
ton, d. c., and Mexico City.
Kienast Motor Co., represents the
U. G. c. at Plentywood.