Show THE arv wp SOME HEN MEN y OBTAIN CREDIT BUT OTHERS CANT r 11 various meaning meanings of credit the way character begetis confidence and open opens the way to trust thrift and honesty the basis of banking the secret of why some men can readily obtain credit while other others are unable to borrow a cent is disclosed in the present article prepared by the committe Commit tev on n public education of the american bankers association it tells an interesting story of how a man of forty of good reputation and ani fair sue suc cess was nonplussed by his inability to borrow and ad to pats UD up a opportunity dank banks are bald said to deal in credit the ab aard ord credit baa has various mean I 1 ng when you deposit money your ul aunt receives credit for or that amount when a man borrow borrows money on bis his cote note at the bank he la is granted credit cr edIL when a railroad a mana manu factoring fac lac turing u concern a lowr or a for issues bonds it uses lt its 41 4 when antono buy buys good without paying mab at the tho timo time ot of purchase credit ie to granted with out credit our present day business system could not exist credit ta is possible file only where people haca haft confidence conf dence in each other and confidence can exist only where good character exists every success tul ful business busl nene man looks upon hta his credit stani at anding ing ua us a most valuable asset and land be he maintain maintains it by square dealing to get got credit a man must pay bli his debts or it soon becomes known he la to not ot of good character and not worthy ot of confidence those from whom bo be would buy bur refuse to trust him and the banks decline to grant him credit rhen come business failure and a long fight to get on hta his teet feet again bud lend live down the past more than Hoti honesty esty needed li Is not the only factor in vol voled td in credit for instance mr gonei a man of 0 forty of e excellent x ct ilent norale who has enjoyed a fair lu come for many years sees an to purchase a business lie ila requires financial assistance he ile calla on a banker and asks tor nr the feces sary vary credit the banker asks tho the ni lure ture of the business what ft 11 will cost and what mr jonea jones can command in ready money or other resources but learns that be he baa has no money or property of bis his own tt it Is clear that mr jones lacks wily ability to manage his hi affairs wisely fi ie baa has not bid enough strength of cha clia act to bare money by adi atins expenses to income and chereton the reton baa has n not ot proved that he could make I 11 nan caal progress pro gresa moreover tt it mei do not invest ot of their owa muey la to the dullness business they usually tack lack incentive and become easily aged it would b be unwise for or anyone to assume such a financial risk and ar mr jones probably would tall un to get set credit from the baak baal ho H must give up bis his opportunity elty to some one else who ho has saved money manry daake are public servants bat but that does not obligate anem to serve those who are unfair in L bal alness nesa or lacking ta in the greet gnat principles underlying sac sur success cess to be known as a careful ani thrifty person Is the best assurance that the bank will extend financial belp asip when needed many people think that one should shun debt like the measles moa they fall to blatta ulah between and unwise debt it Is wise visa to use credit that ts go into debt to buy a home such debt encourages thrift A stu dent may wisely borrow money needed to complete his education it Is an investment that should pay dividends in greater success another of credit Is to borro ving to buy good bonds such as liberty bonds darina 20 down borrowing ISO 80 from the bank ano out of savings when to shun deb debt there are circumstance circumstances however under which one should never borrow money neter never incur a debt in a spec venture OF TUBS THE people WHO SPECULATE NINETY FIVE PER CENT LOSE neither should debts be incurred to purchase plea lure sure possessions such debt debts are mollii millstones tones around the necks ot of count counter loss families progressive selve banks adhere to tub ame standards etan darda they exact of theli their patrons their business method methods must be beyond reproach they ex elude clude business busl nese of doubt doubtful fil reputation and hive no part to in the feverish struggle for or sudden wealth well manage ma bans bar vs regarded with r respect and had hi id a place ol 01 ever increasing some thoughtless pe sons sous banks for or not making loana loans mora freely but it must be remember that a bink a business Is to recel receive loan i deposits as welt well as to grant loane and it la Is therefore ther etore the trustee ol 01 0 I 1 money belonging to others it ra usi safeguard its ito depositors funds ant an I 1 go so contreri them as to be always ready to them intact upon d em A n d that requires great care in to a g I 1 u 1 credits |