You do not expect me to lose money. I have
proposed to protect you as fully as possible by agreeing in advance that
I will take no step until after your approval has been given. Therefore,
in addition to my character, I am offering you the security of your own
mature, sound judgment on all operations.
[Sidenote: A New Idea Of Security]
"Don't you believe that my squareness, guided by your advice, would
secure you? I have applied for a loan of only ten thousand dollars. You
will absolutely control the expenditure of the money. You know,
therefore, that at the worst I could not have a large loss. I have
offered you life insurance to protect you against the possibility of my
death within the next five years. It is altogether improbable that I
should have a loss of as much as a thousand dollars in the new business.
Certainly you have sufficient confidence in my ability and integrity to
believe that I could and would repay you a thousand dollars with
interest before the expiration of five years.
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