Coin Machine Review (& Pacific ...)

Suggested Plan for Establishing Proven Ownership
Brings Variety ·of"Comments and Suggestions
SECONQ. DISCUSSION
THE July issue of THE
a sug-
I N gested
for establishing the
R EVI EW
p~ ownership of co in-operated equipment was
briefl y outlined and readers were invited
to submit their views and any suggestions
or improvements they might have in mind
on the plan as outlined_
Under the suggested plan discussed the
manufacturer would issue a pink sli p on
each pi ece of equi pment, the possession of
whi ch would signify the hold er had paid
in full for the described equipment and
was free to sell or trade the machine as
he saw fit_ The pink slip would be on pro-
tected paper and bear the abbreviated
perforation of the issuing factory so coun-
terfeitin g would be impossi ble_
In the case of equi pment bein g pur-
chased on time payments a white slip
would be issued to the op erator showin g
th e name of the legal owner alon g with
that of the registered purchaser. When pay-
ments were completed the o perator woul d
exchange his white slip for the pink slip
and a new white slip showin g his name
as both registered and legal owner of the
equipment_ The white slip would be on the
machin e at all times and the pink slip
would be filed for safe keeping_
The system outlined closely parallels the
method of automobile registration in ' many
states and would prevent unethi cal in-
dividuals from buying equipm ent on a
small down payment and imm ediately trad-
ing it in on more expensive equi pment_
Then too it would serve to acquaint the
location own er with the true status of the
piece of equipment in his particular ~pot
and help him protect the op erator from
hi-j ackin g and theft_
Th e program, as outl ined, seemed to
please a grea t number of RE VI EW readers
imd one of the la rgest distributin g firms
on the Pacific slope wrote: " We have rea d
with interest the suggested plan for r egis-
tering coin-operated equipment_ While we
have never been par ti cularly favorabl e
towards the time payment plan on coin
machines, we realize that many sales are
made this way and with the post-war era
(when prices will continue to remain hi gh)
that there will be, of necess ity, many sales
made this way a nd your suggestion of fol-
lowing a plan similar to that now used
with automobiles is very tim ely and is no
doubt a step in the, right di rection _ We
shall follow with interest th e progress of
this plan a nd th e reaction of the other
memb ers of this Industry_"
Said on e of the foremost fa ctory rep-
resentatives in- the West: "In all the con-
tracts we carried up to 1942 invol vin g
many thousands of dollars th ere was not a
sin gle case of sellin g or tradin g mortgaged
equi pment. P ossibly since then new blood
comin g into the business may have set up
such a condition. If this has becom e a
general nuisance, I would say you have a
splendid plan for protectin g th e manuf ac-
turer, finan ce company or individual carry-
in g paper, and also protec tin g the hon est
op erator who might purchase mortgaged
equipment from a crooked operator. The
process would not have a lot of red tap e.
Just why the owner of a $400 phonograph
should not have to show a pink slip before
selling it, the same as th e fellow with an
automobile worth $400 or less, I don' t
know. Frankly, I never gave it a tho ught
until I rea d your a rti cle, but I'll say your
suggested pl an has pl enty of food for
thou ght."
On the ma nufacturer's sid e th e answers
follow a different vein of thou p; ht and on e
of our la rgest manufac turers of equipm ent
of various types wri tes : "Th e situation
as described in your article is more or less
a local problem and should be solved by
local jobbers and di stributors. Any plans
that might be worked out to b e used on a
national basis might be perfect for some
sec tions of the country, and entirely un-
satisfactory in others."
Most manufacturers feel the percentages
of such frauds as this system would elim-
in ate are exceptionally small compared
with the volume of business enjoyed by
the industry as a whole and tha t the bene-
fits derived from such a system would
hardly warrant manufacturers and dis-
tributors shouldering the added expense
that would be involved by the practical
a pplication of the system as suggested.
"The day may never come," reasons a
leadin g Texas distributor, " when it can
be said th e Coin Machine Indu stry h as
found th e perfect solution to the probl em
of proven own ership of coin-o perated equip-
ment, but the biggest bug-a-boo in this
respect is th e failure of some of us in that
we are often too eager to make a sale
and we sell to some fl y-by-night would-b e
op erator who does n' t give a damn about
the industry and its problems.
" He has heard there is a fortune to be
made in the operation of coin-controlled
equipment and without furth er knowledge
of the business he purchases equipment
with a small down payment and goes out to
make his fortun e. He soon find s he is not
doing so hot and decides to sell out. He
find s an operator who will take the equip-
ment off hi s hands fo r a cash consideration_
This new purchaser may be in another
state but the deal is made and no qu es-
tions a re asked. Soon the ori ginal sell er
find s he is not r ece ivin g his monthl y pay-
ments from th e time payme nt purchaser,
tri es to rou'nd him up and usuall y is un-
abl e to find eithe r th e individu al or the
ma chines_ Th e di stributor not only loses
TURN PAGE
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SAMPLE
Certified deposit wi th
o rd er. Balance C .O . D.
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'extra .
Volley Specially Co., Inc.
Builders of Winners lor Operators
for 18 Years
'
1061 JOSEPH AVENUE
ROCHESTER 5, N. Y.
WANTED
CIGARETTE
MACHINE ROoTES
We are interested in the
purchase of Cigarette Ma-
chine Routes of any size.
Send us your listing of
equipment, geographical
area in which operation is
established, total monthly
sales and best cash price in
first letter. All matters kept
STRICTLY CON FIDEN -
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