THE YOUNG MAN’S CREDIT 
15 
should be urged to carry good accounts. Don’t 
be stingy with a bank. Remember that some 
day it will be your best friend. If you wish to use 
the bank later, allow it to make money on your 
business now. Be broad gauged and don’t sharpen 
the pencil too finely, but remember the man who 
held the penny so near his eye that he shut from 
view the entire world. Remember how the farmer 
must spend money on seed and dressing; how the 
physician must spend years on study and practice. 
Remember that credit, like everything else that is 
good, cannot be obtained quickly or for nothing, 
but has its price. 
But there are other reasons why young people 
should open bank accounts. It is very advisable 
to pay bills by checks. This not only safeguards 
one by having an automatic receipt, but it makes 
a good impression on the merchant to receive a 
check from a young man. It shows a merchant 
that his customer has a bank account, and thus the 
young man indirectly establishes a credit with the 
merchants. Having bank accounts enables one to 
quickly cash checks, remit money, give references, 
and serves a host of other purposes in addition to 
aiding in the establishment of a credit. 
Obtaining Advice in Financial Matters 
For the young investor to attempt to select safe 
securities without some outside honest and experi 
enced aid, is a great mistake. As one begins to 
study and acquire experience, he is of course, less 
dependent upon the advice of another; but when