It is estimated it approximately ninety percent

It is estimated it approximately ninety percent. From trade in the world it is spent after the credit. And in any country of the world commercial credits so freely given as in the United States. It is the earth apparently unlimited belief in mankind, and still the earth on which often prevailed the dangerous assumption, wastefulness, and bankruptcy. Statistical data show it approximately ninety five percent. From our dealers 'not in a condition to succeed,' and still no other country can brag about such riches, industrial energy, and generous confidence in business integrity. While not money in which it cannot settle a debt, it it is necessary to consider the credit as very strong agent in capital creation. The credit - other name for trust. The business world bases the confidence or trust to men on their character and resources. And degree of this trust becomes unique restriction of purchasing capacity of the businessman. At it, who can show definitively ability and an arrangement to carry out of obligations, there is it within its power to order [255] capitals or the goods of others. The credit - one of fruit of higher civilisation
And a strong condition of business of the country. It means quality of the government, also, which should not depreciate. The nations which most successfully and fairly operate and show the majority of stable conditions of currency also, show us the most extensive and effective systems of the credit. Strongly truly, that these same nations have passed in many cases through the periods of the big disaster from widespread refusals and a serious panic, but it also should be accepted in attention, that these bankruptcies - more often abusing prosperity than a product of a disastrous situation. Self-confidence in men and things has led to the assumption and has accelerated bankruptcy. And if it to be convinced which to inappropriate expansion of the credit is traced number of our financial disasters, it is possible to tell with still force, that all our stimulus to industrial achievement was and still depends on generous realisation of the credit. Building of our railways and channels, operations of our mines, improvements of our big areas of a farm, a building of our cities and cities, and developments of our extensive industrial interests - all result of the trust which has had a rest in men and industrial interests which they represent.
IMPORTANCE OF THE HIGH STANDARD OF THE CREDIT TO BUSINESS MEN