In conclusion, permit me to say that credit science occupies a prominent place in commercial affairs. The requirement of credit is a proper and necessary condition of business, and the usefulness of credit is firmly established. Every consideration demands of us that as this science develops it shall be firmly established in all respects upon substantial principles, and that as its rules and customs are unfolded from time to time they shall serve to strengthen jointly the bank in extending credit and the borrower in taking advantage of the credit.

It will require joint and harmonious action on the part of all interested in bank credits to successfully accomplish the forward step which has been outlined in these remarks, but if this is accomplished, judging from our experience in the past, the results will be of surpassing value to the entire commercial community.

Let us restate, then, the principal facts regarding this advance step:

1. It shall be in the direction of accuracy.

2. Statements of condition shall be required of borrowers, bearing the certificate of certified public accountants and of engineers.

3. Statements of condition shall be invariably analyzed faithfully and accurately, and with all the thor- oughness, weight of experience, and knowledge which can be brought to bear upon them by our best organization and equipment.

To The First National Bank Of Chicago

Firm Name____________________________.. Location-------------------------------------Business_______________________ Branches If any,---------------------------------For the purpose of procuring credit from time to time, with the above bank for our negotiable paper, or otherwise, we furnish the following as being a fair and accurate statement of our financial condition on the ___ day of____________________190-

Statement of Condition - Partnership.