| OCR Text |
THE CREDIT SITUATION 0 the tha following article explains the I 1 workings of th tho 0 southern utah credit and adjustment bureau recently eso ee at cedar city the organization ot lot a 0 C credit IL rating t bureau for or southern utah has caused some comment and many ave been naked asked inas MUNI bucas as such ha an br organization 9 ti 13 aa novel never existed la in this end of the state stata before many people are prone to be a bit curious as to just what the tune eions ot such a business are the extending ot of credit is a great Is stimulus to business generally but tho the over aver extension axtens ion ot of credit causes an abnormal condition such aa M wu WO hadla lad la 1929 under such an influence business to is extremely good but as aa soon as the pendulum swings the oth jtb er waya way a tightening tighten ingup up becomes naceb sary and credit Is immediately shut oft off with the result that business i lish ments find they havo have a largo number of ac accounts couns which have be come delinquent the volume of 0 business baca fallen olt off to such hn an ex tont tent that they are forced to bring pressure on their debtors in au an effort to build up a cash reserve to carry them through such periods of depres slon sion special efforts are arc being made on i ri large scale decalo to provide tor for the ex tension of credit to revive business busl nesa i tula this can be greatly augmented by the extension of credit upon a sma small scalo by various businesses it if they can an be assured that the recipients ot of tha credit will be able to meet their obligations when they tall fall due the functioning of a credit rat tug lug bureau la Is not only to keep a close check on those who would intentionally boat beat their bills but to give information as to the ability of all individuals to take on more credit responsibility than they are at present mrry marrying Ing those individuate individuals who are already overloaded will be request ed ad to pay up their overdue accounts before assuming now new obligations obligation which will not act only make for or sounder sou juder business conditions but will in many cases benefit the 1 as well |
