The Dawson news. (Dawson, Ga.) 1889-current, 1917-04-10
Your Business Credit.


From The American Banker
Thirty per cent. Of the men who fail in
business do so because they lack the 'know
how" They have no business ability. In
previous talk we have endeavored to show
that the first essential when a man engages
in business and borrows money, or seeks
credit, is bushes character, and that this
character is more than honesty Of all risky
credit, the worst is that which has merely
honesty back of it. However honest a man
may be, if he lack the ability to make good"
he cannot pay; for good intentions paw no
debts. Banks are turning down loans by the
hundreds that are backed by honesty Only
The world is full of honest men-so honest
that they wouldn't take a paper from news
stand, or ride in trolley gratis, but are
down and out because they lacked the abil-
lty to make a business go.
We put no discount upon the important
element of honesty, but logic will quickly
demonstrate that unless back of honesty
there is ability the enterprise is sure to fail
Many a business has been left in healthy
state by father to a son, only to 90 to
pieces because the son did not inherit the
fathers ability and could not see that it was
necessary to buy or acquire it.
Therefore the second thing the banker
expects to find in your business life is bust
ness ability. This is easily demonstrated by
your past performances. Your ADVERTISING
your store, your Dress your bank account
your energy, your delivery wagon-all car
ry evidence of how well you can do. MANY
business man has been eking out miser-
able existence, sitting around, waiting for
something to turn up, hoping something
will come to the town to make business
better, having ten places for every dollar
ne gets his hands on, half fed and poorly
clothed, honest to the core, but lacking the
push to make a business succeed The
banker viii not lend to such fellow. He
lacks the essential element of Ego"
You may argue that ability is inherited,
or that it comes from education, and ex-
cuse yourself. Bosh! Every man gets the
education he wants. if not in school, then
by himself. If you haven't ability and can't
acquire 1t, you can buy it in the other fell
| low Brains are always for sae-at a
price And the man who lacks business
/ ability, and cannot see the necessity of APP
plying himself to acquire it, and has no
money to buy it (many great men have
around them had better not be a seeker for
credit at well-managed bank, for out of
such loans come the losses.
Capitalize your honesty by coupling it
with ability, and make your ability valu-
| able by deyoting it to honest ends. Be on
the ieVel, but be very busy while you are
on the level
After all, thrift is merely the ability to
do-to earn and earning, to save The
ability that gets man nowhere financially
is instructed ability; for the man who
I applies himself to a definite end, and is
honest in his application saves money as a
natural sequence and when you ask your
/ banker to lend you money, his first cues
ton will be- "Have you any of your own %
If you can't take care of your money, what
/ use the money he lends you? Character
and capacity-the two big cs of credit, but
leading to capital, the last big &C" without
/ which you can't succeed, and with which
you are bound to win if you use it right.