Show THE SECRET OF WHY SOMI SOME MEN OBTAIN CREDIT BUT OTHERS ut CANT 1 1 I 1 various meanings of credit the way character begets confidence and nd opens the way to trust thrift 4 W and honesty the basis of banking the secret of why some men can readily obtain credit while others are unable to borrow a cent is disclosed in the present article prepared by the committee on public education of the american bankers association it tells an Interest interesting ilig etory story of how a man of forty of good reputation and fair suc cem was nonplussed by his inability to borrow and had to pass up a good opportunity banks danks aro are aid wd to deal la in credit the word credit baa has various moaning meaning hum when you deposit money your account a bat receives rec elrea credit cred lV for that when a aan man borrows money OB en ale his note at the bank he la is granted werft lt ft when a railroad a manufacturing fac turing concern a town or a COY gov rawest bones bonde bonds it uses its kedit er edit when anyone buyst good goods without paying cash at the time of 0 pur purchase credit credic te to granted er anted with oat out aredia oar our present day business system could sot not exist credit la to possible poe poo elble sible only where poo peo pie hare have confidence in each other othor and can exist only where food good character exists every SUCCORS success fal fid business man looks upon his credit standing taa alag aa as a most valuable asset and d he maintains it by square dealing to get tet credit a man must pay his debts or it soon becomes known ho he Is net not of good character and not worthy of confidence those from whom he would buy refuse to trust him and the banks decline to crant grant him credit then come business allure failure and a long uphill fight to get got on his foot foet again and md live uve down the past more than honesty needed honesty la Is not the only factor in evolved la credit for instance stanco In mr jones ft a man of forty of excellent morals who has enjoyed a fair in come for many years sees an opportunity to purchase a business he requires financial assistance ho ile calls oa an a banker and asks tor for the necessary credit the tho banker asks the of the business what it will cost aad what mr jones can command in ready money or other resources but learns teams that ho he has no money or property of his owa own it to is clear that mr jones lacks ability to manage his affairs wisely he has not had enough strength of 0 character to save money by adapting ng to income and therefore thero foro has not proved that he could make finan cial progress moreover if it men nien do not invest some of ot their own money la in the business they usually lack in bentive and become easily di scour aged it would be unwise for anyone to aasmae such a financial risk and mr jones probably would fall to got get credit from tram the tho bank ho lie must give up tip b his opportunity to some ono one else iso who has saved money banks are am public servants but that deeb not obligate them to serve those who are unfair in business or lack ingot the awa principles u lax access to to 0 o known as a coro caro ful tul and thrifty person is tho ike best beat assurance that tho the bank will extend flaa acial help when needed many uy people think that one should akus debt uku like the knea measles they talleo fall i to distIn gulah between wise and debt it U la is wilto to us use credit thaws T go into debt to buy a home honie ewh debt encourages thrift A stu demay def borrow money needed to complete bis his education it is aa jair estment that should pay divi deede in greater success another aue use of or credit Is borrowing to say cod bonds such as liberty afa gayb paying down borrowing 80 from tho the bank and paying it off out of savings when to shun debt thoro there aro are circumstances however andor which ono should never borrow money never incur a debt in a speculative ve venture lature OF TUB THE PEOPLE WHO SPECULATE NINETY FIVE PER CENT LOSE neither should debts be incurred to purchase pica plea sure giving posu caslon such deb debts la are millstones around the seeks necks of countless families progressive banka banks adhere to the same standards they exact of their patrons their business busl nesa methods must bo be beyond reproach they exclude business of doubtful reputation and have no part in the feverish struggle tor for sudden wealth well managed banks bunks are regarded with great respect and bold hold a place of ever increasing importance some thoughtless persons criticize banks for not making loans more freely but it must be remembered that a banks business Is to receive deposits as boll all as to grant loans and it la Is thero therefore fore the trustee of money belonging to others it must safeguard its depositors funds and so 90 control them aa as to bo be always ready to return thorn them intact upon demand that requires groat great care in granting credits |