See also:America to organizations designed to collect, record and distribute to
See also:regular clients information relative to the
See also:standing of commercial firms . In
See also:Great Britain and some
See also:European countries
See also:trade protective
See also:societies, composed of merchants and trades-men, are formed for the promotion of trade, and members ex-
See also:change information regarding the standing of business houses . These societies had their origin in the associations formed in the
See also:middle of the 19th century for the purpose of disseminating information regarding bankruptcies, assignments and bills of sale . The
See also:mercantile agency in the
See also:United States is a much more comprehensive organization . It came into existence after the
See also:financial crisis of 1837 . Trade in the United States had become scattered over a wide territory . Communication was slow, and the
See also:merchant was without adequate information as to the standing of many business men seeking
See also:credit . Undoubtedly the severity of the collapse of 1837 was due in
See also:part to the insufficiency of this information . New
See also:York merchants, who had suffered so severely, determined to organize a
See also:head-quarters where reports regarding the standing of customers could be exchanged .
See also:Lewis Tappan (1788–1873), founder of the Journal of Commerce (1828) and a prominent
See also:leader, undertook the
See also:work, and established in New York, in 1841, the Mercantile Agency, the first organization of its kind . The
See also:system has been wonderfully
See also:developed and extended since .
MERCADIER (d. 1200)
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