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1160 State Street Chicago, Illinois 60688 February 14, 19__ Mr. Milton Smedley Credit Department Standard Electric Corporation 2120 Oak Terrace Lake Bluff, Illinois 60044 Dear Mr. Smedley: We are happy to send you, in confidence, the credit information you requested concerning Mr. Bruce Kretchmer, owner of Krethmer's Appliance Store. Mr. Kretchmer, who was appliance department supervisor at Lillian's Department Store until last fall, had personal checking and savings accounts with us for the past ten years. His accounts were always in order. His appliance store, at 1135 State Street, was opened last December. For this undertaking, he borrowed $8,000 from this bank and has begun making regular payments against the loan. We are unaware of any further outstanding debts he may have. On the basis of our experience with him, we believe Mr. Kretchmer to be credit worthy. Yours truly, THE FIRST BANK OF CHICAGO Peggy Sawyer Branch Manager |