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2 Am. Bankr. Rev.: Monthly Mag. Law. Bankers & Bus. Men 3 (1925-1926)

handle is hein.journals/ambreml2 and id is 1 raw text is: AMERICAN BANKRUPTCY REVIEW The Monthly Magazine for Lawyers, Bankers and Business Men Vol. 2 AUGUST, 1925 No. 1 Published by the American Bankruptcy Review, 165 Broadway, New York, N. Y. Telephones Cortlandt 5885 to 5891. Copyright 1925 by Max Isaac. Entered as second-class matter November 19, 1924, at the post office at New York, N. Y., under the Act of March 3, 1879. MAX ISAAC, Editor. BOARD OF CONSULTING EDITORS First Circuit- ROBERT A. B. COOK, 185 Devonshire St., Boston, Mass. Second Circuit- LOUIS H. STROUSE, 165 Broadway, New York, N. Y. Third Circuit- ALVIN A. MORRIS, Commonwealth Bldg., Pittsburgh, Pa. Fourth Circuit- G. W. S. MUSGRAVE, 715-717 Fidelity Bldg., Baltimore, Md. Fifth Circuit- JAMES N. TALLEY, Grand Bldg., Macon, Ga. Sixth Circuit- BELA J. LINCOLN, First Natl. Bank Bldg., Detroit, Mich. Seventh Circuit- HAROLD F. WHITE, 108 So. LaSalle St., Chicago, Ill. Eigth Circuit- JOHN B. EDWARDS, 506 Olive St., St. Louis, Mo. Ninth Circuit- W. S. BICKSLER, Citizens Natl. Bank Bldg., Los Angeles, Cal. SUBSCRIPTION $5.00 A YEAR -FOREIGN $6.00 July 15, 1925 Dear Editor: As an Accountant I have read with interest for many years the pub- lished Balance Sheets or Statements of Condition of our New York Banks that have appeared in the( local Newspapers from time to time. Unwittingly, perhaps, they have all been in error. Pick up any bank statement published'in the last week or two. Note the first part or left hand side called Assets or Resources. That is absolutely cor- rect. The second part or right hand side, called Liabilities is the item that is in error. Read carefully the items in the column called Liabilities and note that there is included Capital Stock Issued, Surplus and Undivided Profits. These three items are not Liabilities. They are the Bank's Capital or Margin of Safety.

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