Show COURT CORRY EXPLAINS PURPOSE OF CREDIT RATING BATING SYSTEM tire the bation ot of a credit R rat atins bureau for southern utah says durrel W corry carry who recently opened such a bureau in cedar city has caused some comment and many havo bave been ask asked 0 d fl inasmuch na as 93 such an organic organization aitio h hag s never existed ln in this end of the state before many people are prone to be a bit curious as to just what the functions of such a business are the extending of credit is a great stimulus to business generally but the over extension of credit causes art an abnormal condition such as we had in 1929 under such atit an influence business Is extremely good but as soon as the pendulum pend elum swings the other way a tightening up becomes necessary and cre credit dit Is immediately med lately shut oft off w with ith the result that business establishments flipi find they have a large number ot of accounts which become delinquent the volume ot of business has fallen off to such an extent that they are forced to bring pressure on their debtors in an effort to build up a cash reserve to carry them thru such periods ot of depression special efforts ire are along mad on a large scale to provide tor for the ex cx ti li ision islon or of credit to revive renive business tills this can be greit arelt r augmented by ie efte extension ot of z bolt upon a small vitle by various b itsines it II they can im i assured that tin thi recipients ol of this credit will be lb db s to meet their obligations when they fall due the function of it credit rating sureau breau is not oni to keep a close clohe 1 check eck on those individuals who would intentionally beat their balbi but to give information as to the ability of all individuals to take on more responsibility than they y are at present carrying those individuals who are already overloaded will III be le quested to pay up their ove due dae I 1 accounts before assuming new obligations gat ions which will not only make for or sounder business conditions but will in many cases benefit the individual as aa well |