Bisbee daily review., 1916-08-05
YOUR BUSINESS CAPITAL

Thirty per of those who fail in business do SC they capital business can succeed ul less it has backbone, and this backbone the invested capital of the proprietor. Whether it is a million dolla corporation or corner grocery, there must be- as foundation, the investment of the proprietor.
 The man who starts out on business lon shoe string fails. No matter what he may have the way of borrowing facilities, there may come time when he finds the of borrowing closed against him Then his reserve capital comes into play
 To the weekly payroll, stock up tide over bad times, fit the place with machinery and fixtures Quires money and this money should be the saved money of the proprietor.
 Just how much capital requires is matter of individual requirements The larger the business the larger the capital If, for instance a were en- in a mercantile line he should have enough money saved by thrift buy his fixtures and part his and balance working capital keep in the bank. He should put all his money in fixtures so that he has for stock versa. Neither should he forget that his credentia his banker is good working balance.
 The reason why banks particular that Dor rowers keep a balance is not that the bank wants cessve profits-lending, thousand asking that onequarter of it be kept deposit but that the bor may have free working capital at his command all the time.
 The position that if I borrow a thousand and asked to keep 25O on deposit I might as well borrow 75O is well taken; for though the bank balance IS borrowed money the interest is cheap price pay the bankers good will In fact could well afford pay six per for money and leave with his banker for the good would do his credit
 In the granting of credit business men as well as bankers give due heed the ratio between quick sets and quick liabilities. The banker likes to one-two dollars of quick dollar of quick debts The quick Cash bills receivable, counts receivable and merchandise Quick liabilities Debts due for borrowed money and debts due for stock The difference is the working captal-the amount in of the debts This that if the quick asests all turned into cash and the debts paid with out disturbing the other assets, such real estate chnery, etc, there would be cash balance left
 One of the great weaknesses of American business life is the starting of business little capital Two carpenters and builders who have saved fed hundred dollars decide to be their bosses and by some schemng get piece of land. They persuade somebody or some institution to agree to loan them certain amount the property when complete and lay their clans carefully and figure closely Something he weather is bad the work is delayed, strikes and liens reckoned with interfere and the result-fa They lack capital; and lacking it, lose out They cannot carry their load.
 Clerks with a little money and colossal begin business themselves only find bankruptcy stare in the face in a short time due to lack of capital good year makes the proprietor jubant and willing gamble that the next will be better. He into larger quarters lives expensively buys and aires his only find depression setting in, eettled business conditions, competition mislaps and way of retrenchng Happy the man who can plod long the safe track, satisfied be rather than orry. Money power, and mpotent is the the ,usness that lacks it.
 Be honest you expect the other fellow to be. all the ability you acquire and all you afford buy but do overlook the important fact that back one is necessary in every business just it is in ody, without it sufficient is i'm ossibe and failure He is wise man no knows his strength and doesn't hitch up to 'ore than he pull.
 It's very well for the Baltimore city council 10 order musicians stand up when they play the Star pangled Banner" But how about such handicarred the orchestra the pianist and the drummer