The Waterbury Democrat., 1932-02-20

What is your batting average
with the official statisticlan of the
Waterbury Credit Rating Bureau,
Inc?
OF course that's a question hum
dreds of residents of Waterbury
would Hike to have answered,
whether through pure curiosity or
personal satisfaction. Members of
the bureau know your present
credit performances and as an In
teresting fact the local bureau has
a collection of approximately $4,000
master cards. containing inside In
formation on individuals and con-
Germs. To it's former list of ac-
Adjustments it has also added
records of conditional bills of sale
and assignment of wages. More
than $4,000 inquiries were cleared
by the bureau during the past year.
A record of building permits. mar
1iages, births, deaths and new NOV
ing esta blishing their residence has
also been kept.
Many Of the interesting activities
of the bureau during the past year
were revealed yesterday in re-
port rendered by Miss Helen Hur-
ley. What the bureau has ac-
complished and is doing every day
may be cleaned from the secre-
tarys report, which is as follows:
A few years after the organiza-
ton of the Waterbury Credit
Rating Bureau, Inc, the officers
and members termed the services
of the bureau a Necessary insur-
ance to business in the extension
of credit In selling the services
of the bureau since that time we
have frequently used the express
sion.
Certainly, there has never been
a time when the value of u clear
ing house for credit information
tsuch as you have created in the
credit bureaD has been put to
greater test than during the past
year. Business found 1t necessary.
not only to check new applications
for credit, but to re-check on re-
newed requests for credit which
had come to them from folks with
whom they had transa cted business
for many years because of busi-
ness conditions. Credit Rating
Bureaus have earned permanent
place as q necessary element In the
business structure of the COM
munities.
DuTlnS Tie year cuuIhS hCSCih-
Der 31st, 1931,-16,698 local in
auiyies were cleared by the bureau,
992 inquiries from out of the city
we're answered and 1884 new
master cards were added to our
files. We now have a combined
total of approximately $4,000 mas
ter cards on file--each containing
an excellent, cross-section of tho
individuals or firms credit per-
Torrance.
In addition to our actual call
service, we have continued to fur
nish our members with special bull
letins. Through our Confidential
Bulletin, which is issued bi-week-
ly, we have advised our members
on $40 accounts, referred to at
torneys for collection, 24S ac-
counts closed to further credit,
112 cases Of bankruptcies, 1858
changes of addresses, 238 estates
being settled in the court of pro-
bate, 60 non-responsible notices,
Alb accounts filed by our members
under profit and loss. and rs cases
of repossessions, listing the type
of merchandise repossessed. Be-
ginning February LIST. 1882 we have
added records Of conditional bills
of sale and assignments of wages.
In our From Time-to-Time Bull
letin, also issued bi-weekly, alter
mating with our Confidential Bull
letin, we gave notice of 445 build
ing permits, with a description of
each, 379 marriage Intentions, 1928
marriages, 655 births, 831 deaths,
and $50 new families moving to
Waterbury,.
We have flashed thirty notices
of fraudulent check passers, i'm
posters, etc. over the telephone to
our members.
Eighty-five individuals have