| Show DOING DUING BUSINESS ON GASH CASH BASIS Tendency in Commercial Circles Is Toward Reducing Credit System to a Minimum RULES OF JOBBERS EXCHANGE Settlement of Accounts nI Being Insisted tn d on on Delinquent t Mst List There 1 is n a growing tendency In this cIty Ity to do business bu lne 9 on ona a cash cush basis basin reducing ret the credit system to Us its II low lowid lowI I id st t forms t as ns rapidly ns IS possible The Time action of ot thin tho Salt It Lake Lako Fruit Qua aud exchange n a month ago rigo In notifying It patrons that a set settlement lement of oC till nil current obligations be bo b Insisted upon uvon was wai noted not d In Inthe inthe the he News nt t the time ammil nt itt tho meeting oC of thu exchange the th Inter Intel Interfiling filing eatIng fact was WI brought out otis that there elO names on the tho delinquent luent list 1st lI t posted yesterday c t In tho thi various ot Of members ot of tha the exchange e a 1 number are there not be bo bonuso because cause of 0 inability or 01 unwillingness s to Lo settle ettlA but bul from n a misunderstanding in ali to requirements SAUCE FOR FOB THE THEGA 1 a It member of ot tho the exchange to toi toa a 11 i j or today The Tho re ro tail all butchers und antI grocers have nn In or organisation which li Is Insisting on of ot Indebtedness and nd It If these oblIgations obligation are aro not con COIl cleil celen the tho delinquent parties do Io not net got get their the II goods until tho the money monc Is III pal paid ald 1 over ever the lie counter So why wh should 1 not n t we wc tho the jobbers commission nen have havo tha tho same way Va of 0 doing thinGS The fact that wo ice are aN In smiting now lOW on weekly or 01 spot ShOt settle ment Is III making conditions a great deal Ital easier for us In fact I laIn am ant amin holn in vine 1600 more mora to use uso In III my busl busi nes today than I 1 would have under the he old conditions The Insistence on Out our purt lIrt on weekly or earlier settle ment has hns created something s ot of a n flurry lurry among the tho ouI purchasers have been elm around from pillar to post to try tr and anil buy h y on cr after alt r their names md hud been posted post tl as 11 delinquent but when tho the wholesalers looked over oer the 1st and found tho the names of ot the tho re ro tolle s there It was WM simply put pitt up your IOUI our mono money and get net your goods Why hy do you know that some of ot our customers havo been system systematically working tile wholesale trade for tor years I know of ot men muon who irlin pro tended to stand well In IQ the communIty Jt Ity ty aw UH business men running Into debt In n half n a doxen m different lent directions M so 0 that they wore retaining hundreds s sana nod and In cases of ot dollars which they used for other things than paying their debts ONE MAN IAN BUILT HOUSES One Olle man mOon who went Into bank blIk not long lon ago apo was found t Li have sad In building three houses the ho money mone which ho he ought to have havo ha used Jn In n settling up his accounts One thing thin that has haa sheltered these parties has been tho the backwardness of Jobbers wholesaler sal r to tb In Jn ono an on another another other othe as nil to who were owIng then therm money noney In the trade If a n purchaser was Vas shut hut off orr In ono one direction ho he would go to another Jobber and run up um an nn account and If it pounced on and at nt attempts tempts made mado to compel him to set settie et tie IP ha lie would KO go I Into bankruptcy anti and then we wo would lose everything LITIGATION COMES HIGH GIt Tile The laws ot of this state are adapted wonderfully for tho the protection of ot debtors It Is la almost Impossible to sue and arid recover cover r where whelo the amount In Involved Is not over owing large lorge largely ly Iy y to tho the cost of litigation and law lawyers rocs fees Slut But now no I with this new In operation retailers ls seeking t I tl run Into debt and an 1 hold ort oil pay payments ments moats ns us II long ns as possible will bu ha up tip with a n round turn The posting of ot the list of or delinquents will post host tho the entire trade trado anti and nn 1 retailers who do tie not pay up promptly In ac ne accordance with the rules of ot the ex ox exchange change will be bo forced to pay In cash for their goods nut Hut then this Is l requiring no more moto ot or tho the retailers than tho retailers are ara exacting of or their customers |
