April 10, 1921 



HARDWOOD RECORD 



29 



ment. This condition Is a substantial requirement of tbe contract anil 

 buyer's failure to comply with same waives absolutely bis rigbt to any 

 claims wbatsoever. 



(3) When tbe seller receives sucb detailed report, he binds himself to 

 handle promptly and shall offer the buyer adjustment on the lumber in 

 fjuestion or may order Official National Hardwood Lumber Association 

 Inspection. If adjustment is offeroil and buyer and seller cannot agree, 

 then the seller shall make application to the National Hardwood Lumber 

 Association for OfHcial Inspection, and tbe Certificate of Inspection on tbe 

 material in question shall be final and binding as a basis of settlement 

 between buyer and seller. Buyer shall accept and pay for all material up 

 to grade and all tbe lower grades not in excess of 5 per cent of the amount 

 up to the grade, and shall pay for such degrade at the current market 

 prices at the time of sale. All degrade in excess of 5 per cent shall lie 

 held ag the property of tbe seller, subject to his disposition. Where 

 Official Inspection is made as stated, party most in error shall pay all 

 expense of such inspection. 



(4) Where Official Certificate of Inspection issued by a licensed 

 inspector of the National Hardwood Lumber Association accompanies 

 invoice, same shall he final basis of settlement between buyer and seller. 

 TERMS AND CRKDIT : 



(1) If, after an order is accepted, the financial resijonsibility of the 

 purchaser becomes impaired or unsatisfactory to the seller, the seller may 

 demand cash payment, with discount, or satisfactory security. 



(2) No discount allowed on freight, whether or not paid. 



(3) Any settlement tendered by the buyer as payment, whether or not 

 same specifies settlement in full, may be credited on buyer's account. 

 Acceptance or use of settlement so tendered will not constitute full settle- 

 ment nor be binding on the seller if unauthorized deductions have been 

 made. 



CANCELLATION : 



When orders are given and accepted under this sales code, both buyer 

 and seller bind themselves to the strict fulfillment of the contract, and 

 no order shall be cancelled except by mutual consent, except that the buyer 

 may cancel an order if not shipped within the time specified in the seller's 

 acknowledgment ; provided, however, that buyer shall accept any ship 

 ment loaded, or in process of loading, at time notice of cancellation i.s 

 received at SHIPPING POINT, and evidence showing date when tbe lum- 

 ber was loaded in car or when the same began to be loaded shall be fur- 

 nished the buyer. Should the buyer fail to exercise his privilege to cancel 

 as noted, then the order is to remain in full force and effect. 

 OBJECT AND PENALTY : 



The object of this sales code is to eliminate trade abuses by protecting 

 each, the buyer and the seller, in a fair and impartial manner, and, in the 

 event of a eontroversy, to have arranged a way for prompt adjustment. 

 It is recognized by the trade that many different customs and practices 

 at present prevail for the adjustment of differences arising between buyers 

 and sellers of hardwood lumber, and it is the purpose of this code to 

 eliminate all doubt and misunderstanding from the situation and to sup- 

 idy a definite, uniform and equitable method for arriving at such adjust- 

 ments. 



If any member of the National Hardwood Lumber Association declines to 

 recognize this sales code after agreeing to be governed by It, the secretary 

 is authorized to drop such member from the roll on receipt of evidence of 

 the repudiation of such agreement. 



If anv buyer or seller not a member of the National Hardwood Lumber 

 Association declines to recognize this sales code after agreeing to be gov- 

 erned bv it, space shall be reserved in the Association Official Bulletin fur 

 listing »1I such named, giving the actual facts. 



The 'etter to each member of the association accompanying the 

 code i" presented herewith: 



This -lub's attention has been repeatedly called to unsatisfactory adjust- 

 ments "t differences arising in the sale of its forests products, and we have 

 adopted the above S.\LES CODE, which is, we think, equally fair to 

 consumers, yards, retailers, wholesalers and producers. 



Ther*i is nothing in this sales code which in any way changes or alters 

 the rules and regulations of the National Hardwood Lumber Association 

 now in effect, and no member will be compelled to use this sales code unless 

 he so desires, but it is a basis on which to adjust honest differences that 

 may arise between parties who have agreed to abide by same. You will 

 note that we have not included terms of payment and discounts, as we 

 feel that this should be left to the individuals. 



This sales code will be submitted to the membership of the National 

 Hardwood Lumber Association at Its annual convention to be held at 

 Philadelphia, June 8-9, 1921, to be voted upon, and, if passed, to be incor- 

 porated in the rule book of the association for use of such members as 

 care to make use of it. If, after you have carefully considered this sales 

 code, you approve of it, this committee will appreciate your advising it 

 to that effect, and also whether or not you will go to Philadelphia and 

 vote for same. 



We Invite correspondence from members as to any features to which they 

 may object, and, failing to receive a reply from you to this letter, we will 

 be compelled to follow up until we get a reply. SO KINDLY S.WE US 

 AS M0CH POSTAGE AND DELAY AS POSSIBLE. 



(Signed) SALES CODE COMMITTEE. 



J. H. Maassen, Chairman. 



P 



El 



M^ 



Ipn&jjeix 



TRADE rvlARKED 



Lrumbei* 



B 



OAK. 



GUM 



POPLAI\ 



:ash 



'T^HE Long-Bell Lumber 

 ^ Company puts its trade- 

 marked name on its lumber 

 products so that all who buy 

 them may know who made 

 them. This is nothing more 

 than modern merchandising, a 

 service rendered to consumers 

 in the form of a buying guide. 



Oak, Gum, Poplar, Ash and 

 Elm in commercial sizes are 

 produced by the Long- Bell 

 Lumber Company for manu- 

 facturers for a great variety 

 of purposes. Immediate ship- 

 ments can be made. 



-atfit^ 



T tie T pnG-ReLL Ty imber r. ompanxi 



R A Lorsio r^uiLOirsiG i unit,.... 



.. .-laTi KAISJSAS CIT-V. IS.4 0. 



Oak, Gum, Poplar, Ash and Elm Lumber; Southern 

 Pine Lumber and Timbers; Creosoted Lumber, 

 Timbers, Posts, Poles, Piling, Ties, Wood Blocks: 

 California White Pine, Sash and Doors. Standardized 

 Woodwork , Oak Flooring. 



^iiiiiiuiiiiiiiiiriiiiiiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiijiiiiiiiniiHiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiriiiiiiiiiiiiiiiiiiir 



