School N otes
I
Miss Joslin’s room has the record 1
for not receiving a tardy mark during 1
nine consecutive weeks. 1
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The high school English class were (
given a test in silent reading on Fri- ]
day. The pupils were given five min- i
utes to answer the questions. (
* * *
Two new pictures have been added t
to the high school assembly room, t
The portaits, which are reproductions t
of famous paintings, are of Marshal <
Foch and General Pershing. These (
pictures are placed on each side of i
our American flag which recently ar- c
rived from the states. (
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When the American flag of Miss
Kolbenson’s room arrived, an im- i
promptu program was given. A num- t
ber of patriotic selections were con- 1
tributed by the pupils. '
. * * *
Louise Lacy of the first grade, will 1
leave on the Alaska for an extended l
trip to the states. 1
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The kindergarten room is decorated 1
with pussy-wilows and blueberry f
boughs. The little folks are having 1
an interesting time watching the “pus- i
sies” become “catkins.” c
* * * i
Another picture has been added to i
the primary room. It is a picture of *
George Washington.
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When books in the Seattle Public j
Library become worn or slightly dam- J
aged, they are discarded and then dis
tributed to schools in various places.
Miss Keever took advantage of this
privilege and sent a letter asking if _
we might be accommodated in this
In. answer to our call the steamship
Alaska brought us 300 books. They
include fairy tales, fiction, history
and geography books, for which we ^
are very grateful.
* *
Despite the rainy weather last ,
Saturday, an enjoyable afternoon was (
spent by Miss Sjoberg, Margaret Fos- (
ter and Leona Churchill gathering (
pussy-willows, at Mile 3. c
ELIZABETH A. E. O'LOUGHLEN. £
V ^ ^ I
The Value of Credit '
The Astoria high school students ;
know a lot more about the value of i
credit, since writing papers on the |
subject, than they ever knew before.
Credit, a term which is vaguely asso
ciated with the bills paid and unpaid,
came to have a definite significance
for the students as they studied the
things which are fundamental to its
use. These essays were stimulated by
substantial cash prizes offered by the
business men of Astoria, an example
which could be followed with good
results by the merchants of Cordova.
The following essay which won the
first prize is well worth the trouble
of a careful reading:
Credit is the greatest factor in our
industrial system and business would
be almost impossible without it. There
is not a large enterprise today that
does not owe a large part of its suc
cess to credit. It is daily becoming
of more and more importance. With
out credit business would be a failure.
Take away a man's credit and he will
not be a succeSs. If credit were blot
ted out in general, ruin and destruc
tion would follow. Credit has done
more to enrich the world than the pro
ducts of all the mines of the world.
Credit may be defined as the power
to obtain money, merchandise or other
consideration on the promise of future
* i _J
payment, rne aeiivei* ui •
acceptance of a promise to pay de
ij pend upon the confidence which the
f party making the delivery has in the
! receiving party to meet the future
\ obligations. This confidence in each
other’s honesty forms the basis of
credit. If you destroy this confidence,
you destroy credit.
The granting of too liberal credit
has in the past been the cause of the
bankruptcy and failure, and today is
too freely practised. This has resulted
in the discrimination of giving credit
and a careful study of the fundament
als on which it is based. This study
has brought about the forming of cer
tain principles which are profitable
for the business man to know.
The business world of today recog
nizes these fundamentals of credit
These fundamentals are character,
ability, and capital. If all three are
present, there should be no- hesita
tion in granting credit. Usually, the
first two, character and ability, are
considered sufficient groundB for
, credit.
1 Of these fundamentals, a man’s
character may be considered as the
most important. A reputation for hon
esty is an extremely valuable business
asset. A man’s character or business
■
eputation rests upon his moral
labits, manners, associations, esti
nate by business associates, and hon
isty. A man with a good character
an be depended upon to keep his
iromise if he is able. This illustrated
n history by the- famous examples
if Sir Walter Scott and Mark Twain.
I’hese two men went bankrupt and al
hough legally they were not required
0 pay any of their debts, they showed
heir noble character by paying every
ent they owed. Character and execu
ive ability seldom fail to get credit.
1 man without good character has no
laim to credit and the granting of
redit to him by business men is al
ways a great risk.
Next to character, ability or capac
ty is the most important. The ability
f a man to successfully carry out
iis special business is an important
onsideration in the giving of credit.
l grocer may be successful in his
iusiness and command good credit,
ut should he sell out and engage in
manufacturing business, the prob
3m of credit becomes a serious one.
le was a good grocer but it does not
ollow that he will be a good manu
acturer. Business done, profits,
iclhods of managemnt and efficiency
f labor should be considered in meas
ring a man’s capacity. If the credit
tian is satisfied with the applicant’s
haracter, how can he judge his abil
ty? The following are some of the
uestions to be considered. Wjhat ex
lerience has he had in executive
iwk; What knowledge has he of the
iusiness he wishes to undertake? Is
ic a good judge of business condi
ions, resourceful, and industrious?
The third fundamental is capital but
t is secondary to the other two.
tbout one-third of the failures in this
ountry result from the lack of capi
al. Many business men furnish a
ull business outfit on credit, trusting
o the customer’s honesty and ability
o make the concern a success. These
ixcessive risks occur almost entirely
n enterprises of small capital, and it
s here that the greatest number of
ailures occur. Although the amount
if capital necessary before credit is
;iven depends upon the size and kind
f enterprise, there is no specific rule
8 to the amount of capital needed
iefore credit is given. A few of the
««»»»«»»»«««>»»»»»
considerations connected with capital
before giving credit to enterprises
concern the amount of insurance car
ried, the amount of stock carried,
method of transacting business and
the percentage of bad debts. Each one
of these considerations has some
bearing on the possibility of a man,
firm, or corporation meeting promises.
Turning from the fundamentals of
credit to the parties benefited by
credit, we find that here are three
such parties. They are the individual
or consumer, the merchant, and the
community as a whole.
The value of credit to the individual
does away with the cumbersome and
unprofitable cash payments but also
benefits him in time of need. When a
man that has good credit, contracts
a disease and is not able to work, he
can command medical attention and
get food because of his business re
putation for honesty. Otherwise, be
coming sick would be a matter of life
and death if he could not command
credit. In past many poor people have
gone through severe trials because of
this. In addition, the individual hav
ing good credit can engage in new
enterprises an thereby become pros
perous and advance in life. Thus these
advantages and many others enjoyed
by the man having good credit con
vince him of its far-reaching value.
Next in order comes the value of
credit to the merchant. He also rec
ognizes the benefits derived from it.
The merchant can in the same man
ner as an individual secure credit
from other enterprises and business
houses. Besides if his customers are ,
honest and command good credit with
him, he can carry on his business on
a larger scale. In order to find out
whether his customers are worthy of
commanding credit, he makes use of ^
many methods of gathering data and
information about his customers. Dur
ing the last few years, a great im
provement has taken place in system
atizing of information gathering.
Salesmen may perform an important
work by carefully studying the busi
ness habits, reputation and methods
of customers. Attorneys, mercantile
agencies, and traveling credit men are
used by the merchant to gather credit
information. The fact that the mer
chant uses all these methods goes to
show that he thinks of the importance
of credit.
Third and lastly, is the value of
credit to the community as a whole,
We learn in physics that a body acted
upon by a number of forces applied
’rom different directions yields some
thing to each force and moves in a
line that is the resultant of all the
’orces. So it is in the matter of crdeit
ind the community. If the majority I
t)f people in a community are honest
>nd command good credit, it naturally
’ollows tha the community is honest
ind commands good credit. This will
enable the community to secure im
provements an thereby advance its
welfare. It will also secure the con
Idence of the outside world and thus
build up its business reputation. It
is easily seen that this asset is of
Inestimable value.
It is extremely apparent then that
credit has a vast importance to the
business world; that it can by careful
study be divided into three funda
mentals—character, ability, and capi
tal; and that it is extremely valuable
:o the individual, merchant and the
community.
BELGIUM WILL RENDER
TRIBUTE TO MEMORY OF
MASSACRED CIVILIANS
BRUSSELS, March 17 (by mail).—
t is planned to hold a combined
nemorial service for the numerous
civilians, men, women and children,
who, in no less dramatic circum
latnces than Edith Cavell, were shot
py the Germans in Belgium during
he occupation.
It is intended to arrange a huge
uneral procession of carriages, each
epresenting a town or village where
civilians were massacred. The car
nages will be covered with the Bel
gian flag, and escorted by the defend
ers of the Yser, and each will be
preceded by a list of the names of the
victims.
At the same time the bodies of the .
nost prominent among the dead will
pe transferred to a special mausoleum
rn the Place des Martyrs, where the
victims of the revolution of 1830-31
ie.
All the official bodies in Belgium
and, it is expected, King Albert will
take part in the procession, which
will pass through the main streets of
the capital.
George Anderson, piano expert and
Eactory representative for high grade
pianos and player pianos is at the
Windsor hotel for a few days. Piano
for sale on easy terms. 23-lw
Advertise In the Daily Times.
CHAS. GOLDSTEfN & COMPANY
of Juneau, Alaska
Offer to the trappers and dealers of the North
the followinig prices for No. 1 Prime Furs:
Lynx, Extra Large No. 1.$30.00 to $32.50
Lynx, Large No. 1. 25.00 to 30.00
Lynx, Small . 15.00 to 20.00
Mink, dark coast skins. 5.00 to 7.00
Mink, dark coast skins, small. 3.00 to 5.00
Mink, fresh water. 5.00 to 10.00
Land Otter. 12.00 to 18.00
Red Fox, No. 1 large. 30.00 to 35.00
Cross Fox, according to beauty. 50.00 to 100.00
Muskrats.v.. .75 to 1.50
Silver and Black Foxes, as to color
Wolverine . 7.00 to 15.00
Wolves. 5.00 to 20.00
Ship us your Furs! As soon as received we will grade same and
wire our best offer. If our price.-; are not oatisfactory we will -eturn
the furs and pay transportation charges on same both ways.
References: Any bank In Alaska, Dexter Horton National Bank, Se
attle; National Bank of Tacoma, Tacoma, Wash.
SATISFACTION GUARANTEED
We operate the largest Fur Ma mrfactory north of San Francisco.
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LAUNCH WAIF
Running between Katalla, Cor
dova, Valdez and Latouche.
Trips made whenever Weather
permits.
—:—
MATTHEWS & ARNOLD
Keist Furniture
Company
Is the Place to Buy
New and Second-Hand
Household Goods
OUR PRICES ARE RIGHT
Next door to Alaska 8. 8. Office
NOTICE!
We have settled with the
insurance companies
and are now
Open for Business
Our entire stock on sale
from 20 to 75
per cent reduction
LAURIE BROTHERS
McCarthy
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