There are five well defined forms of credit.
_First_: Credit granted to aid production.
_Second_: Credit to distribute production.
_Third_: Credit granted upon accommodation paper.
_Fourth_: Credit granted upon real estate.
_Fifth_: Credit granted to the Government, or forced by the Government.
UNCLE SAM: Say, Mr. Banker, do you know what time it is? Don't you see it's half past ten o'clock? It will take you till morning to tell all about credit, and I don't know but what it would take you until "Kingdom Come."
MR. LABORINGMAN: Well, I've got to be up at six o'clock in the morning, and be at my job by seven, and I want to go home. I move, we adjourn.
MR. FARMER: So do I, for I've four miles to go yet tonight.
MR. LAWYER: What difference does that make? The trolley goes right by your door, and you'll be there in twenty minutes.
MR. FARMER: That's all right, Mr. Lawyer, I don't get my breakfast at nine o'clock as you do, but I've got to be up in the morning at five o'clock to feed my stock. I'm a-going, so good night.
UNCLE SAM: This is a rather informal break-up, but I guess it will be of no use to call in the police, so good night.
COMMERCIAL CREDIT, LAND CREDIT, GOVERNMENT CREDIT
UNCLE SAM: Mr. Farmer isn't here yet. He left in such a huff the other night, possibly he is sore--no, he is not, here he comes.
MR. LAWYER: When our meeting broke up last Wednesday night, Mr. Banker had just outlined the different forms of credit, and I was very glad that he did, because it gave me an opportunity to read up on the subject and be prepared to listen intelligently, at least, to what any of you may say tonight.
MR. MERCHANT: I did some investigating, too, and found the subject far more interesting than I supposed it could possibly be. Indeed, that is true of any subject. Your interest is always measured by your knowledge, and many matters that seem to us difficult to understand, become exceedingly simple as you get into them, and comprehend them. How often the apparently impossible task completely dissolves under persistent attacks.
MR. BANKER: I am more than pleased that you gentlemen have given your spare time to this subject. Simple in function it is, but it is immeasurably great in its possibilities, extent and responsibilities from the standpoint of the banker.
