5. Credit in seasonal lines of business. — ^Again, the
manufacturer may have a large quantity of goods
made up in readiness for the coming season's busi-
ness. This is a condition which obtains, for example,
in the toy business, where the selling season is very
brief and commences only about two or three months
before the Christmas holidays. In that case, since
the larger part of the manufacturer's capital will
probably be represented by his stock on hand, the
services of credit may be greatly needed. As in the
previous case, the banker is ready, upon proper in-
vestigation of the circumstances, to extend the re-
quired credit accommodation, and the manufacturer
is able once more to utilize the capitaF which, without
the services of credit, would remain locked up in the
manufactured product while this was awaiting the
season's sale.
CREDIT A BUSINESS BUILDER 21

The foregoing instances are sufficient to point out,
in a general way, the nature of the services which
credit is capable of rendering to the business world
— ^that, namely, of making the capital of others avail-
able in the present, when one^s own command of capi-
tal lies in the future.
