<,\ request, a = FIDENCE,’ by DUN & BRADSTREET, Inc. as your an aid in determining the advisability of granting PLEASE NOTE WHETHER NAME, BUSINESS SD < TT gS Se 1 Sa Seerte AND, ents credit . STREET Contract, CORRESPOND MFG. a eempicy SERS in STRICT NG CON: and employees, for your exclusive use as or insurance, and for no other purpose. g ADDRESS OR 58 MAY 16 19h9 RHODE ISLAND ARMS COMPANY, INC. ae Subscription er your =: STi et Sas eon 7/ WITH YOUR. INQUIRY | HOPE VALLEY RI WASHINGTON COUNTY BOX # 193 Morrone, DIRECTORS: The John Morrone, V Pres Asst & Asst Sec Treas officers. Excess SYNOPSIS April 1, 1919. : formed $25,000, See Comments. & TREND: Extent of indebtedness Principals internal not have GY Corporation | WORTH: PAYMENTS: CONDITION Volume Frank A Morrone, = BACKGROUND: interests. EST. Tres Yy - & Sec other 8 RATING: Pres gy YY Joseph A Morrone, Sylvester yj your Yy Z at G ‘ furnished, Yy YY . is report Lk foll Yj The yy LOK ascertained,: increasing. Incorporated under HISTORY Rhode Island laws on April1, 191.9. Authorized . capital is 100 shares no par value common stock. #ctive operations started about April 15, 1919 at this address succeeding Morrone Mfg. Co., inc. Starting capital was reportedly derived from the predecessor's business and other business interests. Joseph, Frank, Sylvester and John Morrone are l\8, 51, SN \N “~ ASSN SN h6 and hd \\ respectively, married and all native of Westerly, R.I. They hold identical offices in Morrone Bros. Garage, Inc. which business they started in 1927. ‘that business consists of an agency for the sale Treasurer 5alb6-)9 = (1350~79 2k) Ys oI. G o Ys all My ffs pf Chin, AA fy 2 fe have their various business enterprises in profitable manner maintained their affairs in satisfactory shape. PAYNENTS This account hasyet to establish itself on a commercial credit basis. Two local supolier consulted report Initial orders placed in amounts up to high three figures with payments not yet due. Af principals $10,000. indebted= YU, of internal iy the of YAK However, neighborhood amount Yip divulged. in the and Yip Yy ff, “Yip be learned Uy Yj not receivable not YY as along conducted and have always is Ys existing accounts YY, Aff, Vy SS ness good : ty indebtedness / and of Aa inventory gxtent J le Yyyf and lg active e are Ly officers Abt fp py tipsy The Y, plane. Af) a horizontal / on GY Li than On Gy rather persons are currently employed. Sales are to sporting goods dealers on net 10 day terms. Occupies several thousand square feet of floor space in a two-story stone building located ine rural area. Premises are orderly. FINANCIAL INFORMA TION Recent efforts to interview the principals have not been success= ful. Contacted in the past they have declined financial details regarding various business enterprises. Equipment and machinery here is estimated at $330,000 and cash WY. 1915 and consisted of conducting a general machine shop. All four brothers _ were reported equally interested in that business which was discontinued to prepare for starting the subject business. Extent of inter-company relations have never been made clear. ee, | OPERA TION-LOCA TION : “enufactures a new type shot gun with barrel vertically placed Yy Y and October UYYY YYGj in had record. q President purchased 199 Vj GY as 1, paying YY was January if Ys appeared business of discount 7, Morrone which to “V4 Inc. and as prompt f and Frank a : ty) 4 y g Co., and f Joseph Mfg. automobiles (325,000 Ath “yy J MJ LLL ph fh fi i i fi lif ty Yi of Morrone of YYMV In addition Oldsmobile UyYY worth Yi and estimated Ui YY fe MiMii p h fy ify bi Vf, 4, of Cadillac an