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October 19, 1901

A Warning.

JAMA. 1901;XXXVII(16):1051. doi:10.1001/jama.1901.02470420039018

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Philadelphia, Oct. 12, 1901.

To the Editor:  —I desire to warn the profession against the operations of the Merchants' and Physicians' Adjusting Agency, of 346 Broadway, N. Y. Their scheme is to agree by written contract to collect bills for two years for $25, half of the first $50 collected. The doctor must bind himself to send every 20 days for five times, twice as many stamps as the number of debtors to whom letters will be sent. The point here is that if the physician should forget to send the stamps within the time mentioned, such is the wording of the contract, that he must forfeit $25 and risk hearing nothing more about his accounts. Should he refuse to pay, they threaten and demand a promissory note as the only concession. The nefarious trick is quite obvious.

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