Show BENEFITS OF CREDIT TOLD Merchants Urged to Unite and Cut Bad Debt Losses How merchants merchant of at o the United States have hav Increased the volume ot of their business was told at the second Cond st monthly dinner r of the Og- Og Ogden Ogden Ol Olden den chamber of commerce at the tho Weber Reber club today b bi by C T field secretary for tor the et CredIt Mens Men's M nn rational National association More lore than men mn and om women n nat of at e ery e ery profession In Ogden Olden were In attendance l Mr Yount spoke on The The New Conception of Credit He said ald credit carries on the greatest Kreate t portion of or the word s It being estimated that more than 10 to per cent of at the business le Is I transacted In this man man- manner manner manner ner He cited the fact tact that three concerns of at the th United stales State op- op operating operating op cash stores annually do more than 25 business each EXPANDING SALES Credit firms are doing e es en greater than firms who operate on a cash cah business Bald Mr Yount A firm in Indiana that formerly did a business of annually by cash cah ca h Is noW doing more mor than 2 on a acred cred credit It basis Cash concerns concern throughout the United States Stat are ar continually changing to credit organizations he ha said aid Credit 11 he said ald Is I what nhat hat you think of at the other man the ton con con confidence that you ha hate hae e In him The amount of credit Is based baled on his character and nothing nothing- else ISome Some business firms are annu annu- annually annually annually ally Increasing their sales by credit Their losses In bad ac- ac accounts accounts ac accounts counts have hav been from one one half to one per cent do down donn n to the th small small- smallest mall mall-et est fraction of one on per cent These firms are ar making profits COURAGE NEEDED 1 He H told of the organization ot of the merchants merchant association at Spokane Spokane kane kane in 1912 with nith members Today the membership has haa In- In Increased increased In Increased creased to more mor than This Is le now recognized a as a avital avital vital essential to the bu The fact tact that the tho th merchants at atthe the country haven't the h b atI I the courage to run their Ine as It should be run ha has tended 1 I to make mako for tor had credit Mer Mer- Merchants chants now ate ale taking a fit ft dlf- dlf dif different ferent attitude They hate ha e 1 peen een losing mane money In the put w here they should have havn hav been malting making It He H cited Instances of ot how education edu- edu edu education cation callan and hate ha tend tend- tended ten tend tended 1 c ed t to Improve these conditions The merchants bureau burau or of Los Angeles was operated at a acost acost cot cost o oC of In 1923 this this- ee- ee ex expense 01 pense being paid by the tho mer mer- merI merchant merchants merchants I chant chants 1 let et this amount more than regarded Awarded tho the merchant merchants for tor I their efforts and methods torI rte He I told how one ono ne firm mad made a total profit oC or In 1923 In I Tn Anel Angeles s 01 of 12 per cent on th the goo goods foods 1 handled An n account well wen open opened Id I'd Is I half hair I collected he h said ld Every or- or or should have a credit I manager I TIE lilt J MEMBERS ERS Prod l red Mye M ye N e president ERSI of ot the I chamber thanked the members for lor attending att the th dinner which ed crowd pro ed to be among the th largest ot of othis this nature held in yeas years Fred Frd Fredr r l uns or of o th the mail Mer Mer- Merchants chants association presided and the speaker sp aker r was as na furnished by the children I IThe The Th second Is Issue e of the month 1 month month- h publication of ot the chamber Do Do DoIt DoIt It Olden Ogden was waa Iso also I o dis distributed i to those In attendance I 00 00 |