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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Houston Post
Location
Houston, Texas, United States of America
Date
Jul 29, 1917
Page
8
A tale of a promising yet reckless youth who greedily charged items from many merchants and later failed to pay. He defaults on a planned bank loan, learns the hard lesson that integrity and confidence matter more than cleverness. The story warns that trust and credit are earned, not claimed.
A short essay extols credit as the world’s most wonderful force. It argues credit ages people, banks, and nations rely on trust in others. Each person is born with an equal call on credit, determined by integrity and honesty, and misusing it undermines even a child’s belief in future promises.
The text argues credit surpasses gold in value, noting it buys more on the open market and even can purchase gold. It asserts that people who would not steal gold will steal credit by misusing others’ confidences, undermining the fabric of global industry through eroded trust.
The Credit Men's Association of Houston forms to prevent abuses of credit by identifying and reporting members who fail to pay. Through a clearing house, any member can learn what an individual owes merchants in the association and report if accounts are unpaid. The group promotes honor to prevent deadbeats and will advertise this effort publicly.
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