Credit and the Credit Man

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Alexander Hamilton Institute, 1917 - 342 sider
 

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Side 227 - insolvent" who either has ceased to pay his debts in the ordinary course of business or cannot pay his debts as they become due or is insolvent within the meaning of the federal bankruptcy law. 24. "Money" means a medium of exchange authorized or adopted by a domestic or foreign government as a part of its currency. 25. A person has "notice
Side 250 - A person shall be deemed to have given a preference if, being insolvent, he has procured or suffered a judgment to be entered against himself in favor of any person, or made a transfer of- any of his property, and the effect of the enforcement of such judgment or transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of such...
Side 248 - Proof of claims shall consist of a statement under oath, in writing, signed by a creditor setting forth the claim, the consideration therefor, and whether any, and, if so what, securities are held therefor, and whether any, and, if so what, payments have been made thereon, and that the sum claimed is justly owing from the bankrupt to the creditor.
Side 250 - ... transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of such creditors of the same class.
Side 9 - Credit is the vital air of the system of modern commerce. It has done more, a thousand times, to enrich nations, than all the mines of all the world.
Side 250 - ... made a transfer of any of his property, and the effect of the enforcement of such judgment or transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of such creditors of the same class. Where the preference consists in a transfer, such period of four months shall not expire until four months after the date of the recording or registering of the transfer, if by law such recording or registering is required.
Side 79 - A merchant who desires to serve his own best interests should recognize that his most valuable possession, apart from his actual assets, is a sound, substantial and unquestioned reputation as a credit risk, and that, under the prevailing conditions and demands of business, the most effective, and eminently the best way to prove his basis for credit, is to be willing to submit a statement of his financial condition.
Side 81 - The above statement, both printed and written, has been carefully read by the undersigned, and is a full and correct statement of my or our financial condition as of 190.... Finn signature By whom signed a member of the firm. All questions must be answered, insert ciphers in absence of any amount. When the words "Yes," "No" or "None* will correctly answer the questions, write them in their proper places.
Side 259 - If it calls a meeting of its creditors for the purpose of compounding with them ; (c) If it exhibits a statement showing its inability to meet its liabilities...
Side 9 - It has excited labor, stimulated manufactures, pushed commerce over every sea, and brought every nation, every kingdom, and every small tribe, among the races of men, to be known to all the rest.

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