Talks On Banking And Elementary Economics 1922 1923 to Be Delivered By the Ban

Cover Talks On Banking And Elementary Economics 1922 1923 to Be Delivered By the Ban
Talks On Banking And Elementary Economics 1922 1923 to Be Delivered By the Ban
American Bankers Association Public Education Co
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In both cases, credit is granted in the belief that later on the bills will be paid. Thus credit enters into all busi- ness, and particularly into the business of banking. Without credit, our present day busi- ness system could not exist.
Credit implies confidence. Credit transactions are possible only because people have CONFIDENCE in each other, and confidence can exist only where good character exists. Without good character, there is little chance of sur-cess in any business undertaking. Th
...e business man of strong character has fixed habits of honesty, industry, and thrift. Like Longfellow's "Village Blacksmith, " he can "look the- whole world in the face". He has noth- ing to conceal. When he needs the help of the bank, he presents to the banker all the facts concerning the financial situation, ar']. Because he deals openly and frankly, he wins the Copyrighi, 1922, American Bankers Association 4 banker's confidence, and sound advice as to the right course to pursue. Bankers are in constant touch with the credit standing of local business concerns, and have much to do with their general reputation.

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