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New Credit Club Enables Students To Pay Monthly

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A new student-run organization has been formed to save students the trouble of paying bills on the spot at restaurants and stores. Called the University Credit Club, Inc., the group has just begun to solicit students and merchants to participate in its pay-at-the-end-of-the-month plan. It is unaffiliated with the new University-sponsored Harvard Student Agencies, Inc.

Students wishing to join must pay the club a sum which about covers the cost of checking his and his parents' credit rating with Dun and Bradstreet. This precaution is for the benefit of participating merchants, since the club directors themselves feel that "any kid going to Harvard is all right," treasurer David T. Schwartz '59 said.

Stores which so far will honor the club's credit cards are Chez Dreyfus and the Treeland Flower Shop in Cambridge; Simon and Sons Clothiers in Boston; Jack Williams Magic Gardens in Fresh Pond; Monticello Rest on Route 9; Robin Hood's Ten Acres on Route 20; and the Beacon Liquor Corporation in Brighton.

Merchants Pay Commission

The merchants pay the club a commission for handling the bills of member students. Eugene Dreyfus of Chez Dreyfus claimed however, that the 30-day wait until the club sends out a student's bill and pays the merchants made the organization "not a very favorable item" for him.

Club directors expect to extend the list of merchants, and by Thanksgiving hope to have co-operating stores in New York City.

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