The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-09
FINANCIAL.
THE MERCANTILE AGENCY.

Many have been only initiate it eloscl,
also improve upon its plans all
special held patronage they
all ended in disaster and ruin Some of the
which have thus attempted improvements and in
quence difficulty have by resolving themselves
by distributing certificates of stock creditors whom they
could pay contrved prolong exist
ence; end last and is always the
The which has is largely
the fact business in tho hands of
who have spent their whole in It, who may fact b
said to have made it the sole business of their lives while
the various competing Offices been started and
conducted by who, general thing. have taken
the business late in life without previous training
knowledge experience. In though men
who could succeed nothing thought they had some
special aptitude for agency work. reality they
had whatever, and had the rudimentsry
knowledge of its operations then any wonder that
should look upon such competition with contsupts
Two Of present partners spent years
In the business them have been in IL over
branch offices have been connected with for twenty
years and upward If counts nothing. then
experience and business trimming of n value
It time that these things properly considered By
those support for agency purposes
sought. deal of money hos literally thrown
by undiscrminatng of various visionary
jects, which money rightly applied, would have produced
great community The fact that
there is really money enough subscribed by business
do tho work efficiently if properly applied but
divided up among the different charatans engaged in
the business destroy very object sought after
We have list before of less than forty
camille commercial collecting agencies which have all
ended in bankruptcy within few years. in loss to
patronixe Probably millions Of dol
lars have been lost in this unulned subscription
contracts and collections made and unaccounted for.
The truth is that prices daculs
any profit any attempt under thom must
Of necessity unfulned undertaking. or in
ultimate ruin to those who them. organize
ton complete that any given amount OF
money so further than others can and although our
probably three great others
combined yet while exercising the great
and economy 1t is difficult for accomplish
the purpose sought and make any profit ourselves
little relaxation of vigilance. little careessness
omy would surely bring wrong side Al
Of the year. 1t is great mistake suppose
large profits made prices We repeat
the difficulty the business is 81 all
without Increasing them.
We not stock company, with merely sominsi -
stock certificates We hrm-ths eepartusrs
inquiry .. any our Offices secret whsssvsr
about it, We make Of resources but II can
easily DO asccrtained that aside large capital
employed business all partners have
Of we'll known value outside quito sufficient - give
surance of security safety insr.ss %
with interests; and and beyond all shis
have as above observed record of honestly fulfilled ob
cations extending nearly forty years. In view Of
tho disasters and dscredit with which sAe year
now closing has Witnessed collapsed agencies ono isss
tice that should put emphatic
terms before the public and thus shake from
our skirts the disgrace contumey which pre-
tenders the business have brought Its very
name and ask furthermore that fair discrimination
between and those who unworthy of being called
competitors should be made We quite willing to be
Judged upon conduct; but we pro-
test against being casscd among quacks who
have neither capital facilities they are
conducting
Our Reference Book. containing capital and credit
ratings Is now issued for been coll
iected with unusual care, and feel confident
may safely say advance book
upon which labor and thoroughness have
pended careful abstract of the Assignment and In
sovency laws Of the varou. state, has been prepared
tho sittinss all the courts &c, will appear Ap-
pcndix.
But nearly perfect ss will he the Reference Book wiz
be index the Of detailed infcrms-
ton regarding the sntccedsu
character capacity of all business mon Thee
reports periodically revised With the
record Of each days occurrences.
Tho merchant and banker who ncsccts 70 svs himself
Of the valuable information CLEANED and confirmed by
EIGHTY BRANCH OFFICES.
each with thoroughly we'll equipped STAFF and The rssuits
Of careful observation army Of correspondents
places himself at a serious disadvantage
We are all pleased explain and illustrate sss
methods Of business to parties requiring its aid, and
Letting nm investigation Of our facilities. We srs,
Respectfully,
DUN, BARLOW CO.,
ara AND sie BROADWAY