Show 11 r CREDIT MEN MENAT AT FESTIVE BOARD I Conclude Co Annual Meeting With 4 r Banquet at Commer Commercial r cial ciar Club t NEW OFFICERS ELECTED UTAH UTA ASSOCIATION A JOINS THE NATIONAL ArI N L ORGANIZATION After A fter concluding a business session yes yos yesterday yost yesterday t afternoon In which Arthur Par Parsons ParsonS Parsons sons was elected president thin the th members of the Utah Association of Credit Men relaxed r axed at a banquet last night at the Commercial lub The organization is now affiliated with the national organization and will win immediately start the work of getting its association a 5 J wn to a better working basis The subject of insurance was an im important important question and md it was the sense of the meeting mooting that retail merchants should be Influenced to carry carr sufficient Insurance to protect themselves against loss los by fire Illustrations of neglect in inthis inthis inthis this connection were wre cited to show that every retailer should realize that it is to tot t his advantage to carry as much insurance insurance insurance ance as possible po sibl Wholesalers and Jobbers The rite Utah Association of Credit Men is made up of the tho leading jobbers and wholesalers rs of the th state The future of ot the state in a business s way was dis discussed discussed Is cussed ed and the members m of the Uie organization tion were a unit in the belief that Utah Is fR entering upon a n long period of busi business busIness business ness In his report the re retiring retiring tiring president O 0 IT H Hewlett had the following to say sa about trade conditions for the last year lie Ire said Report of President During Durin the Hu fiscal year ear ending April 30 1906 tie the Utah Ulah Association of Credit Men has hus handled assignments an n increase over the th last year of thir thirteen ten teen Of this number were In Utah twenty in Idaho two in Wyo Wyoming Wyoming ming and two in Nevada The rhe total lia lla liabilities amounted to 29 On these claims which have been assigned the as association association association has hac paid two dividends of were paid on as assignments assignments averaged av raged 56 per cent on the dividends and on the bankruptcy cases 14 p per r cent One reason for the small percentage tage which has been realized on the bankruptcy claims is the heavy ex ox expenses p attached to the bankruptcy proceedings A comparison of the per percentage percentage percentage of claims paid win will show a great saving to creditors when the accounts are assigned directly to the association The Tho total cash received from different sources was and a of these figures with those of the c r ceding ding year ear will show a nice increase of O The total amount expended for div dividends expenses etc was 40 leaving a balance of on hand Number of Trade Reports hIn In addition to the Immense amount of work involved in the handling of so large a number of assignments the th association has furnished hed on an average 2 i trade trado re reports reports reports ports p pr r month or about during the tho th year car inquiries per month or about during the year ear have been attended to and during daring the past three months WK property statements have been i sent ent f nt out to merchants and und replies have boon IN en received up to the present time and an more are coming in every ever day da daOne One of the tho most gratifying features of pf the past year has been the tho confidence shown hown in our association by b eastern Peor peo i r le business mon men of the east have un ly turned over their claims chums to tous toliS tous us liS for adjustment nt and our adjustment bureau hureau has been een so successful and so sowell soWEll sowell well conducted that several of the larger i associations in the United States have patterned their adjustment bureaus after ours oursOn One On of the tho highest compliments that c uld be given ghen any an association was paid us Ui by the president pr of the National Afi As eor of Credit Mon Men rn when he hp said paid that thit our association had paid a higher on the tho claims assigned to it than any ay an other association in the United States Slates Election of Officers Following are the officers and directors directors directors tors elected for the ensuing year jear President Arthur Parsons dent Leon Sweet secretary J W Delano De Delano Delano lano treasurer A D McMullin The board of directors is composed of the of officers offIcers officers already named and the tho following Willard P L Doran Samuel Witz and J H Smailes The toastmaster at the banquet was C CN CN CN N Strevell Addresses were as follows Assets and Liabilities Thomas Overdrafts ts H P Clark Our Bankrupt Laws Laws Charles Baldwin Future Fu Future Future ture Business George T Odell Oden Sales Salesmanship Salesmanship Salesmanship manship Edward Rosenbaum The Merchant and the Banker Their Rela Relationship RelationshIp Relationship Arthur Parsons The Press F W Gardner |