Page:Hints About Investments (1926).pdf/112

 class, but relies on his faith in the issuing house, which is much more easily able to arrive at something like truth on the subject. But how many private investors know much about the facts which ought to guide them to confidence in an issuing house?

And perhaps, after all, the chronic inability of weak Governments to make both ends meet is the soundest reason for expecting that they will meet their debt obligations, if they possibly can. They know that they are always wanting to borrow, and that they cannot borrow unless they pay.