Show FINANCIAL ST STATU A ms DISCUSSED BY CREDIT MEN Intermountain Conference Told Production Will win Cure Times Time's Evil Production which won the war will also to to toa a great degree solve the perplexing perplexing per per- war after problem of high living liv- liv ing costs said E E. S S. S Chambers of the Scoville Paper company pf Ogden at atthe atthe atthe the opening session of the first intermountain IntermountaIn Intermountain Inter- Inter mountain conference of credit men at atthe atthe atthe the Hotel Utah UtaI Mon Monday More than seventy-five seventy delegates from credit association of Idaho Montana Montana Montana Mon Mon- tana and Utah were present when FA F F. A A. Pyke of the Utah association called the conference to order Strong delegations delegations delegations dele dele- were sent from Pocatello Boise Ogden sand land Provo As special guest an and l l leader ader of the discussion J J. I. I H II secretary and treasurer of the of Credit Men I was vas present Mr was the principal speaker at a banquet given givena a n 1 the evening and which marked theose the ose iose of the conference CAUSE AND CURE High prices In the final analysis analysts are duo due to the relation which goods bear to money said Mr Chambers There has been a a. great Inflation of our currency on the one hand and a a. material decrease In production on the other Lower production coupled coupled coupled cou cou- pled with Inflation has made the dollar dollar dollar dol dol- lar cheap and high prices for tor commodities ties follow 1 Production must be speeded up to o solve this problem and at the same sameI time tIm currency must be deflated but I not to such an extent that panicky times will result Europe ultimately will aid us in solving this problem when she is able to return to normal production but many experts do not expect such a condition to obtain In Inless inless inless less than two years years or perhaps longer I BUSINESS FAILURES Mr Chambers said business failures in the last five years have been due largely to Incompetence Inexperience and extravagance Failures from Inexperience in inexperience inexperience In- In experience have doubled while In the tho other two cases the Increase has ha's been large He yarned warned credit men tobe to tobe tobe be war wary of persons known to be in incompetent incompetent incompetent in- in competent inexperienced and extravagant extravagant gantT gant T T. L L. L Holman United States tax at attorney attorney attorney at- at torney In Salt Lake spoke on Taxation Taxa TaxatIon Taxation tion and Cost of Collecting Taxes as One of the tha th Serious Problems of Credit Grantors Mr Holman said the them them- in income come tax has created a new risk for credit men because of ot the uncertain element in the law a and d the disputes constantly arising as to what constitute tute tuto taxable assets AFTERNOON SESSION At the afternoon session C C. J J. I. I A. A Dirks manager of ot the Boise Association Association Association tion of Credit Men Thomas O O. attorney for the Utah Association Association Asso Asso- clation of Credit Men and J J. J I T T. Young I of Pocatello Ida were the principal speakers An Informal reception was held prior to the banquet at the Hotel i Utah I |