United States Investor Volume 27, No. 2

United States Investor Volume 27, No. 2

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...is growing careless or is falling behind financially. In such a case the prudent banker will take steps to protect himself Immediately in whatever way seems best to him. A banker likes to see his customer "clean up" or liquidate his obligations regularly and promptly and a conscientious borrower can add to his credit worth In no more effective way than by so doing. Extension of credit is sometimes partly based on the average monthly balance maintained. In country banks this can hardly be considered an important governing factor, for the reason that often the most solvent borrowers keep the smallest balances. Money Is needed for a specific and immediate purpose and is checked out to meet the emergency. The size of the balance maintained, at other than borrowing seasons, by merchants and farmers may be deemed of some value In determining the amount of credit to be extended. The signed statement of the borrower himself, giving essential details of bis financial condition, is, of course, the MOST CONCLUSIVE SOURCE of information possible in determining credit worth. Yet the unqualified acceptance of such a statement without proper analysis and comparison, is apt to prove a dangerous proceeding. Pew men are prone to over-conversation in estimating their financial ability. Pride of possession, self-assurance and ignorance of the principles of business accounting may often lead a borrower, Innocently, to overestimate the real status of his affairs. Care must be exercised in seeing that real estate holdings are not inflated beyond a conservative figure. Collateral liabilities, such as notes to individuals, notes endorsed or guaranteed for others, and current accounts must be fully listed. It is frequently desirable to know how much life...show more

Product details

  • Paperback | 1164 pages
  • 189 x 246 x 58mm | 2,028g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236902211
  • 9781236902214