Music Trade Review
Issue: 1896 Vol. 22 N. 15 - Page 11
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW.
Credits, Risks and Unsuccess=
ful Business.
THE THREE MOST IMPORTANT ELEMENTS TO
BE CONSIDERED IN A CREDIT RISK—THE
FIRST THREE SIGNS OF AN UNSUCCESS-
FUL BUSINESS — A SYMPOSIUM
BY NOTED AUTHORITIES.
questions intelligently on the spur of the
moxient. However, we consider m extend-
ing credit the habits and former business
record of our debtor, next his financial re-
sponsibility, next the amount of credit and
the time he asks—Kreis Bros. Mfg. Co.,
Logansport, Ind.
AN ARTISTIC CATALOGUE CLEVERLY WRITTEN
These same gentlemen in the r letters
also named what they considered
TER AND STANDING OF THE HOUSE.
F
OR some time our esteemed contempo- The First Three Signs of an Unsuccessful
Business.
rary, the "Lawyer and Credit-man,"
We believe these expressions are of equal
has been gathering the views of leading
men engaged in manufacturing and job- value with those quoted above, and know
bing in different industries in all sections all will be interested in their views.
It will be noted there is even more di-
of the country as to the three most import-
ant elements to be considered in a credit vergence of views upon this question than
risk.
The question was limited to this upon that of the three most important ele-
number as the paper was desirous of noting ments to consider in a credit risk. It may
the different views according to locality. be depended upon that these men speak
The replies display quite a similarity of from their experiences and it appears the
thought—capital and character being the different lines of trade and the locality
most forceful elements entering into the de- have largely contributed to vary their
cision. The replies will be found interest- views.
ing to the readers of THE REVIEW, and
per-
haps helpful:
A.
Character, net worth, business history
and habits—D. H. Post, Jamestown, N. \ .
Character, worth aiiu promptness—G.
W. Marquardt, Des Moine.s, la.
Integrity, capital and good business quali-
fications— Edouard
J.
Reickehnan, of
Demick & Reickelman, Cincinnati, O.
The three most important elements for
credit in our estimation are: First, capital;
second, honesty; third, business ability—
D. E. Cole, Cleveland, O.
The three mo^t important elements to be
considered in the credit risk, in my estima-
tion, are: Ability, honesty and capital—R.
H. Blanke, St. Louis, Mo.
Capital, character and special ability in
the particular line.
Location. In some
sections crop conditions would be an impor-
tant element, but not so much in this State
—A. B. Armstrong, Lansing, Mich.
(1) Good business education, (2) good
habits and personal worth, (3) a well or-
dered place of business, representing the
fewest possible lines of goods that would
constitue a good variety—C. W. McDonald,
Council Bluffs, la.
In my estimation the three most impor-
tant elements to be considered in a credit
risk are: Capital, custom of payment and
backbone of the credit man to refuse credit
if the first two conditions are not O. K.
— E. vS. Rockafellar, Erie, Pa.
Owing to want of time which is ex-
ceptional at the present moment, I cannot
answer with the proper thought that per-
haps your questions should receive. How-
ever, on the impulse, I consider capital,
ability and "moral hazard" the three p.in-
cipal elements to consider in a credit risk—
F. M. Deane, Grand Rapids, Mich.
The three most important elements to
be considered in granting credit are com-
petency, capital and character, respectively.
One is equally as important as the other,
but I place competency first, because if a
man is not competent he is quite liable to
lose his capital invested, although his in-
tentions may be the best. It is also quite
necessary to have some capital, and a man
without character may have plenty of capi-
tal and be thoroughly competent and yet
defraud his creditors—H. A. Boyce, Chica-
go, 111.
Answering your questions with interrog-
atories, we would say: Is he honest? Is
he attentive? Has he had training fitting
him for the business?—Chas. T. Page,
Concord, N. H.
It is not an easy matter to answer your
Lack of character; want of ready money
—G. VV. Marquardt.
Over credit; over buying and unwar-
ranted expenditures—F. M. Deane.
Payments on account; slow pay; too
liberal purchasing—H. A. Boyce.
Lack of capital; inexperience and inat-
tention; too much social conviviality—E.
S. Rockatellar.
Slow payments, failure to keep engage-
ments, uiminished purchases or especially
large ones—D. H. Post.
Desire to change; spreading accounts;
buying from many sources in the some
line; slow in meeting bills—A. B. Arm-
strong.
Failures to meet payments at maturity;
failure to meet obligations as promised alter
an extension has been granted; failure to
pay at any time—E. J. Reickelman.
First, slow in paying bills; second, neg-
lect of correspondence relative to settle-
ments; third, refusal to make a statement
of financial condition—Chas. T. Page.
Lack of business education; loose or dila-
tory habits and lack of care in business
promises; a great diversity of different
manufacturers' goods representing a given
article—C. W. McDonald.
Lack of attention and the failure in an-
swering letters written in regard to matters
of importance; next the neglect in paying
notes, drafts and accounts when due, and a
slovenly manner of keeping stock—Kreis
Bros. Mfg. Co.
The first three signs of an unsuccessful
business are past due unpaid accounts; pay-
ing on account, an inattention which em-
braces disorder in store; proprietor absent
too much, and does not want to see a col-
lector—R. H. Blanke.
Regarding the three indications of an un-
successful business, the circumstances of
individual cases are so varied that it is diffi-
cult to give a general answer, but we should
say that the first surface indication is
usually an overdue account, although there
may be reasons that would completely off-
set such an indication. Second, requests
for extension, although they may be made
when a man's business is in a perfectly sol-
vent and successful condition. Third, reck-
lessness in purchasing—D. E. Cole.
THE Spies Piano Manufacturing Co., 133d
street and Lincoln avenue, manufacturers
of the "Majestic" piano, are preparing a
handsome new catalogue of their popular
styles which will be ready for the trade the
latter part of May.
J. & C. Fischer.
AND HANDSOMELY PRINTED
PIANO
A HOUSEHOLD
THE FISCHER
WORD—SOME RE-
MARKS AUOUT THE HISTORY, CHARAC-
J
& C. FISCHER have just issued a re-
ally artistic catalogue, which is nota-
ble for its literary "get u p " and beautiful
letter-press. The embossed cover page in
green, gold and red, which contains a cut
of a Fischer grand surrounded by the words
"The Fischer Piano, established 1840—-the
artistic piano of America," is an exciellent
piece of work. The colors are charmingly
combined, resulting in striking effects.
The parlor and orchestral grands and
styles 14, 16, 19, 25 and 30 boudoir and
cabinet grand uprights are handsomely il-
lustrated and cleverly described. Some of
the latter, especially styles 19, 25 and 30,
are really beautiful specimens of piano case
architecture.
The different patented improvements em-
bodied in the Fischer instruments are elab-
orated on as well as detailed reference made
to the manufacturing facilities and the offi-
ces and warerooms of the company.
In the opening pages of the catalogue
copies of the medal received by the Fischer
piano at the World's Columbian Exposition
and the official copy of the award which
they received appears as well as a resume*
of the history of the Fischer house, which
we take pleasure in quoting:
#
THE FISCHER PIANO.
The piano-forte—or, as more commonly
called, the piano—has made greater ad-
vancement toward perfection during the
past thirty years than almost any other
known article of manufacture. For the
great results already obtained some credit
is undoubtedly due to the efforts of a few
old-established houses, but unquestionably
the many improvements and inventions
made by J. & C. Fischer, and found only in
the "Fischer piano," entitle them not only
to a first position, but make them the prime
factor in having made the American piano
known as the piano of the world. The
"Fischer piano" has kept in advance of all
improvements relating to a high grade
piano, and is not only acknowledged at
home as the recognized standard for gen-
eral excellence, but is world-renowned for
superiority, power and singing quality of
tone, wonderful durability and artistic de-
sign. The "Fischer piano" is to-day a
"household word," and will always be
found in homes of refinement and musical
culture.
J. & C. FISCH! R.
The history of the Fischer piano em-
braces nearly the entire-history of the
American Republic. It certainly covers
the period of piano manufacture in this
country.
The firm of J. & C. Fischer was estab-
lished in 1840, fifty-six years ago, succeed-
ing the firm of Nunns & Fischer, formerly
Nunns & Clark, who succeeded Robert and
THE MUSIC TRADE REVIEW.
Credits, Risks and Unsuccess=
ful Business.
THE THREE MOST IMPORTANT ELEMENTS TO
BE CONSIDERED IN A CREDIT RISK—THE
FIRST THREE SIGNS OF AN UNSUCCESS-
FUL BUSINESS — A SYMPOSIUM
BY NOTED AUTHORITIES.
questions intelligently on the spur of the
moxient. However, we consider m extend-
ing credit the habits and former business
record of our debtor, next his financial re-
sponsibility, next the amount of credit and
the time he asks—Kreis Bros. Mfg. Co.,
Logansport, Ind.
AN ARTISTIC CATALOGUE CLEVERLY WRITTEN
These same gentlemen in the r letters
also named what they considered
TER AND STANDING OF THE HOUSE.
F
OR some time our esteemed contempo- The First Three Signs of an Unsuccessful
Business.
rary, the "Lawyer and Credit-man,"
We believe these expressions are of equal
has been gathering the views of leading
men engaged in manufacturing and job- value with those quoted above, and know
bing in different industries in all sections all will be interested in their views.
It will be noted there is even more di-
of the country as to the three most import-
ant elements to be considered in a credit vergence of views upon this question than
risk.
The question was limited to this upon that of the three most important ele-
number as the paper was desirous of noting ments to consider in a credit risk. It may
the different views according to locality. be depended upon that these men speak
The replies display quite a similarity of from their experiences and it appears the
thought—capital and character being the different lines of trade and the locality
most forceful elements entering into the de- have largely contributed to vary their
cision. The replies will be found interest- views.
ing to the readers of THE REVIEW, and
per-
haps helpful:
A.
Character, net worth, business history
and habits—D. H. Post, Jamestown, N. \ .
Character, worth aiiu promptness—G.
W. Marquardt, Des Moine.s, la.
Integrity, capital and good business quali-
fications— Edouard
J.
Reickehnan, of
Demick & Reickelman, Cincinnati, O.
The three most important elements for
credit in our estimation are: First, capital;
second, honesty; third, business ability—
D. E. Cole, Cleveland, O.
The three mo^t important elements to be
considered in the credit risk, in my estima-
tion, are: Ability, honesty and capital—R.
H. Blanke, St. Louis, Mo.
Capital, character and special ability in
the particular line.
Location. In some
sections crop conditions would be an impor-
tant element, but not so much in this State
—A. B. Armstrong, Lansing, Mich.
(1) Good business education, (2) good
habits and personal worth, (3) a well or-
dered place of business, representing the
fewest possible lines of goods that would
constitue a good variety—C. W. McDonald,
Council Bluffs, la.
In my estimation the three most impor-
tant elements to be considered in a credit
risk are: Capital, custom of payment and
backbone of the credit man to refuse credit
if the first two conditions are not O. K.
— E. vS. Rockafellar, Erie, Pa.
Owing to want of time which is ex-
ceptional at the present moment, I cannot
answer with the proper thought that per-
haps your questions should receive. How-
ever, on the impulse, I consider capital,
ability and "moral hazard" the three p.in-
cipal elements to consider in a credit risk—
F. M. Deane, Grand Rapids, Mich.
The three most important elements to
be considered in granting credit are com-
petency, capital and character, respectively.
One is equally as important as the other,
but I place competency first, because if a
man is not competent he is quite liable to
lose his capital invested, although his in-
tentions may be the best. It is also quite
necessary to have some capital, and a man
without character may have plenty of capi-
tal and be thoroughly competent and yet
defraud his creditors—H. A. Boyce, Chica-
go, 111.
Answering your questions with interrog-
atories, we would say: Is he honest? Is
he attentive? Has he had training fitting
him for the business?—Chas. T. Page,
Concord, N. H.
It is not an easy matter to answer your
Lack of character; want of ready money
—G. VV. Marquardt.
Over credit; over buying and unwar-
ranted expenditures—F. M. Deane.
Payments on account; slow pay; too
liberal purchasing—H. A. Boyce.
Lack of capital; inexperience and inat-
tention; too much social conviviality—E.
S. Rockatellar.
Slow payments, failure to keep engage-
ments, uiminished purchases or especially
large ones—D. H. Post.
Desire to change; spreading accounts;
buying from many sources in the some
line; slow in meeting bills—A. B. Arm-
strong.
Failures to meet payments at maturity;
failure to meet obligations as promised alter
an extension has been granted; failure to
pay at any time—E. J. Reickelman.
First, slow in paying bills; second, neg-
lect of correspondence relative to settle-
ments; third, refusal to make a statement
of financial condition—Chas. T. Page.
Lack of business education; loose or dila-
tory habits and lack of care in business
promises; a great diversity of different
manufacturers' goods representing a given
article—C. W. McDonald.
Lack of attention and the failure in an-
swering letters written in regard to matters
of importance; next the neglect in paying
notes, drafts and accounts when due, and a
slovenly manner of keeping stock—Kreis
Bros. Mfg. Co.
The first three signs of an unsuccessful
business are past due unpaid accounts; pay-
ing on account, an inattention which em-
braces disorder in store; proprietor absent
too much, and does not want to see a col-
lector—R. H. Blanke.
Regarding the three indications of an un-
successful business, the circumstances of
individual cases are so varied that it is diffi-
cult to give a general answer, but we should
say that the first surface indication is
usually an overdue account, although there
may be reasons that would completely off-
set such an indication. Second, requests
for extension, although they may be made
when a man's business is in a perfectly sol-
vent and successful condition. Third, reck-
lessness in purchasing—D. E. Cole.
THE Spies Piano Manufacturing Co., 133d
street and Lincoln avenue, manufacturers
of the "Majestic" piano, are preparing a
handsome new catalogue of their popular
styles which will be ready for the trade the
latter part of May.
J. & C. Fischer.
AND HANDSOMELY PRINTED
PIANO
A HOUSEHOLD
THE FISCHER
WORD—SOME RE-
MARKS AUOUT THE HISTORY, CHARAC-
J
& C. FISCHER have just issued a re-
ally artistic catalogue, which is nota-
ble for its literary "get u p " and beautiful
letter-press. The embossed cover page in
green, gold and red, which contains a cut
of a Fischer grand surrounded by the words
"The Fischer Piano, established 1840—-the
artistic piano of America," is an exciellent
piece of work. The colors are charmingly
combined, resulting in striking effects.
The parlor and orchestral grands and
styles 14, 16, 19, 25 and 30 boudoir and
cabinet grand uprights are handsomely il-
lustrated and cleverly described. Some of
the latter, especially styles 19, 25 and 30,
are really beautiful specimens of piano case
architecture.
The different patented improvements em-
bodied in the Fischer instruments are elab-
orated on as well as detailed reference made
to the manufacturing facilities and the offi-
ces and warerooms of the company.
In the opening pages of the catalogue
copies of the medal received by the Fischer
piano at the World's Columbian Exposition
and the official copy of the award which
they received appears as well as a resume*
of the history of the Fischer house, which
we take pleasure in quoting:
#
THE FISCHER PIANO.
The piano-forte—or, as more commonly
called, the piano—has made greater ad-
vancement toward perfection during the
past thirty years than almost any other
known article of manufacture. For the
great results already obtained some credit
is undoubtedly due to the efforts of a few
old-established houses, but unquestionably
the many improvements and inventions
made by J. & C. Fischer, and found only in
the "Fischer piano," entitle them not only
to a first position, but make them the prime
factor in having made the American piano
known as the piano of the world. The
"Fischer piano" has kept in advance of all
improvements relating to a high grade
piano, and is not only acknowledged at
home as the recognized standard for gen-
eral excellence, but is world-renowned for
superiority, power and singing quality of
tone, wonderful durability and artistic de-
sign. The "Fischer piano" is to-day a
"household word," and will always be
found in homes of refinement and musical
culture.
J. & C. FISCH! R.
The history of the Fischer piano em-
braces nearly the entire-history of the
American Republic. It certainly covers
the period of piano manufacture in this
country.
The firm of J. & C. Fischer was estab-
lished in 1840, fifty-six years ago, succeed-
ing the firm of Nunns & Fischer, formerly
Nunns & Clark, who succeeded Robert and
Future scanning projects are planned by the International Arcade Museum Library (IAML).