The Use of Loan Credit in Modern Business (Classic Reprint)

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Excerpt from The Use of Loan Credit in Modern BusinessThere is no intention here to offer a restatement of the general theory of credit, but merely to discuss certain features of the use of credit peculiarly relevant to the conduct of modern business. The subject of inquiry is the resort to credit as an expe dient in the quest of profits. The larger, and in some relations perhaps the more important, aspects of credit are accordingly not touched on here, except so far as seems indispensable to the theory of that business traffic upon which the inquiry centers. The inquiry, therefore, turns about the business motives that lead to an extensive use of credit and about certain of the general consequences which credit extension has for the course of business affairs and for the working of the modern industrial system. Such points of the theory of credit at large as unavoidably come into the discussion are passed in review in the most summary manner. Familiarity with the terms and concepts employed is presumed to the extent necessary to follow the discussion.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.