July 25, 1878

After Albert Weber and Joseph P. Hale have spread the rumors that Steinway & Sons is financially unstable and is about to fall, a credit reporter from Dun, Barlow & Company visits Steinway & Sons to conduct examination of its finances. The examination will continue until January 1879. The rumors are untrue: in fact, Steinway business is in excellent shape, despite the recent 5-year-long economic depression.