The American Business Manual, Including Organization, Manufacturing, Vol. 3 (Classic Reprint)

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Excerpt from The American Business Manual, Including Organization, Manufacturing, Vol. 3Some one has said credit is to business what mortar is to a wall, it is the adhesive material with which com merce is cemented. For the most part we buy and sell merchandise, agricultural products, stocks and bonds, real estate, and everything that can be bought and sold, not for money paid down, but with promises to pay money at some future date.The money of the country has been likened to the blood that circulates through the body, but as it has been demonstrated that over 90 per cent of the business Of the country is done through the medium of credits, I should liken credit to the body itself, and whatever con duces to its growth and development will to that extent build up and strengthen commerce.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.