[D8828AAJ], Letter from Edison Machine Works, Samuel Insull to Thomas Alva Edison, February 15th, 1888
https://edisondigital.rutgers.edu/document/D8828AAJ
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- Title
- [D8828AAJ], Letter from Edison Machine Works, Samuel Insull to Thomas Alva Edison, February 15th, 1888
- Editor's Notes
- "The rating of the Shops in the Mercantile Agencies is as follows. The Edison Machine Works, Bradstreet's "A". This means that the credit is high. The highest credit-anything over $1,000,000.00-is designated by "AA". The next highest is "A+". This means anythign from $750,000.00 to $1,000,00.00. We have the next rating, that is, "A", which means from $300,000.00 to $500,00.00, the credity being high. ### Dunn-Barlow & Co's rating for the Machine Works is practically the same as Bradstreet's. It sents "B+1", which means that our credit is more than good and that our status, financially, is from $300,00. to $500,00.00. ### The Lamp Company is rated in Bradstreet's, "B". The fact of the Capital being $250,00.00 is noted, which constitutes the limit of the pecuniary standing. "B" means that the credit is very good-somewhat less than the Machine Works, because of there being less money invested, probably. Dunn-Barlow & Co' rate the Lamp Company "B.1", which means that the credit is high and the pecuniary respnsibility from $200,000.00 to $300,000.00. Bergman & Company, Bradstreet rates them "A" without mentioning the amount of their Capital Stock. Dunn-Barlow & Company rate Bergmann and Company "C1 1/2" which means that their credit is fairly good and their financial responsibility, rom $75,000.00 to $125,000.00. This is a lower rating than is given Bergmann and Company by Bradstreet. Taken comparatively, the Machine Works stand, in both Dunn-Barlow and Company and Bradstreet, with the highest credit. The Lamp Company comes next and Bergmann last. ### I think that the rating all through is very fair. The United Company is not quoted at all in Dunn-Barlow and Company, and in Bradstreet's it is put down at "D", which is the lowest rating given to anyone." Very truly yours, [unsigned]
- Supplied day
- Recipient
- Edison, Thomas Alva
- Date
- 1888-02-15
- Type
- Letter
- Subject
- Financial operations (companies and organizations)
- Stocks, bonds, and investments
- Banking and bankers
- Folder ID
- D8828-F
- Microfilm ID
- 122:764
- Document ID
- D8828AAJ
- Publisher
- Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University
- License
- CC0 1.0 Universal
- Has Version
- Archive.org Viewer, Microfilm Series Reel 122