CHANGING PATTERNS IN BUSINESS FINANCING
PRESENTED BY RICHARD T. DOERMER
PRESIDENT, INDIANA BANK AND TRUST COMPANY
FORT WAYNE, INDIANA
BEFORE THE FORT WAYNE QUEST CLUB
APRIL 16, 1971
Credit has perhaps best been described as man's confidence in man.
It derives from the Latin "credere, " meaning "to believe" or "to trust"; and
the phrase, "his credit is good, " has long been viewed as among the finest
An incredible volume of transactions, resulting in a massive exchange
of goods and services, is made possible each year through the use of credit.
This year over one trillion dollars in goods and services will be sold and
rendered in the United States, and over 90% of this total will be obtained on
credit. In one form or another it is the life blood of our economy, an absolute
necessity for the more than 5 million business firms presently operating in
A business organization cannot, of course, operate without business
assets . . . cash, raw materials, machinery, equipment, buildings. In
obtaining, working and rotating these assets profitably, and in securing the
funds to do so soundly, rests the art of financial management. Mixing equity
Members of the Quest Club authorize the Allen County Public Library to digitize and publish past, present and future Quest Club papers for dissemination on the Allen County Public Library website (Board of Directors of Quest Club, Inc., Resolution of May 2010).