being regarded with such importance that the Credit Clear- ing House is recognized as being as vital to the credit work as the commercial agencies. The agencies report the cus- tomers srosta, Hadllstie, and ate, whereas the Credit Credit
hen he makes use of the siatidahies fac credit men have reposed in him.
“~Piretebtor_ma but if he makes unjust claims, takes discounts unfairly, returps goods in violation of a contract, or attempts to take unfair advantage of his position, his rating should be cut, and other firms should know it to protect themselves. Or, he may pay his larger bills promptly in his endeavor to keep his credit good with the bigger firms from whom he obtains the most of his supplies, and allow his small bills to go unpaid until they are placed in an attorney’s hands, or even until suit is started. Or, he may give only five or six references the while he is scattering his purchases widely. All of these are danger signals and should result in a curtailment of the debtor’s credit. This is just where the interchange of ledger information is of inestimable benefit and is just what the Credit Clearing House is designed to cover and which it does cover.
