successfully.

If a man's business reputation is good, and the banks keep well
posted in such matters, he may secure a loan on his own note,
though even in such cases the name of a good endorser is required.

If in addition to his note the borrower can offer security in the
way of bonds of good character, or other reliable collateral, he
can usually be accommodated.

Of course, the banks charge interest for loans. They also make
collections on notes and other commercial paper and they issue
foreign and domestic bills of exchange.

Every man with a sum large or small in excess of his expenditures,
should open a bank account. Even if not in business this will
encourage thrift and lead to good business habits.

INTEREST ON DEPOSITS

Some banks, particularly those known as "state" or "private," and
National banks in smaller communities, allow interest on deposits.
This interest varies with the demand for money, but in the eastern
states it seldom goes over four per cent.

It is well to know when interest begins and ends.

If the dates set by the bank for reckoning interest are the first
day of January, April, July and October, money deposited March
31st will begin to draw interest next day, but if deposited April