Econ. Dept. Econ. 1. Main Library BY THE MACMILLAN COMPANY Set up and electrotyped. Published July, 1919 M5 PREFACE In this volume the author has attempted to discuss one branch of the various classes of credit, that is, mercantile credit, and the methods to be pursued in making mercantile collections, and has taken a view of the collection feature of mercantile credits from a practical standpoint, based on experience, and without strict regard to the theoretical application or analysis of all phases of credit. There are two general classes of credit-public credit and private credit-but political economists usually divide credit into five classes: mercantile, personal, banking, public and investment credit. This volume makes reference to mercantile credit only, no attempt being made to discuss the other branches of credit classes. The suggestions offered are based upon practical experience, and the book is intended for credit men and for those interested in the subject of mercantile credit generally from a practical business standpoint. CHAS. A. MEYER. Chicago, Ill. October, 1918 416614 The Credit System and the Fundamental Principles of Credit Greater Factor than Money in Development of World-Sup- plying the Place of Money-Function of Banks in Liqui- dating Credit-Open Book Account System-Conditional Sales Contracts as Credit Instruments-Promissory Notes -Trade Acceptances Character and Honesty-Recip- rocal Faith-Business Ability-Ability to Pay-Practical |