Trust Companies in the United States James Smith Princeton 1st Ed 1928 Rare

Description: The development of the trust companies of the United States is one of the outstanding phenomena of the past century. Fifty years ago there were only 39 trust companies with total resources of less than 124 millions of dollars. To-day there are 2,731 trust companies with banking resources of over 20 billions of dollars, these assets having increased over one billion in the last year, over 11 billions in the past ten years and over 17 billions in the past twenty years.The total of personal trust property being administered by corporate fiduciaries is nowhere recorded.The past century has been a period of gigantic production, of vast expenditures of capital to make possible that produc-tion, of the building of huge fortunes as well as of greatly increased per capita wealth. The growth of the trust companies marks the beginning of an era of the conservation of that wealth.It is an evidence of an increasing awareness of business men as to how easily and quickly the accumulations of years of effort may be scattered to the four winds when left in the hands of financially inexperienced and untrained beneficiaries. It shows growing appreciation on the part of the general public of the basic and inherent qualifications of the corporate fiduciary to serve in trust capacities.This great movement of conservation has developed so rapidly and is of so recent an origin, that up to the present time only a few and sporadic attempts have been made to chronicle and interpret it.The trust company literature of to-day consists mainly of the proceedings of trust conferences, of magazine and newspaper articles, and of a very few, though excellent, books written by practical trust men on various phases and functions of trust service. -From the forward

Price: 125 USD

Location: Gloucester, Massachusetts

End Time: 2025-01-07T22:02:16.000Z

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