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25 Tr. Co. [i] (1917)

handle is hein.journals/tande25 and id is 1 raw text is: 0i rust Qompautrs A MONTHLY MAGAZINE DEVOTED TO TRUST COMPANY, BANKING AND FINANCIAL INTERESTS OF THE UNITED STATES Entered at the New York Post Office as Second Class Mall Matter Joi. XXV. 3uly, 191' Number (One TABLE OF CONTENTS Frontispiece-Leaders of Red Cross War Fund Campaign in New York ... ......... DEFINITE POLICY OF WAR FINANCING ...... ..... .................. 1 Preventing Credit and Currency Inflation War Functions of Banks and Federal Reserve System Reduced Reserve Requirements and Note Expansion Flexibility of Bank Assets and War Loan Subscriptions Inter-Banking Relations to Continue Urgent Need of Practicing Economy in Banking Status of Federal Farm Loan Bonds The Trust Company in War-Time Liability for Payment of Unauthorized Checks WAR TIME BANKING PROBLEMS AND NEED OF IMPROVED CREDIT MACHINERY . . .. 9 Dr. J. T. Holdsworth, Dean of the School of Economics, University of Pittsburgh. Liberty Loan Payments and Money Market ........ .................. 13 Far-Flung Relief Work of American Red Cross ........ ................. 14 FEDERAL RESERVE BANKS SHOULD NOT BE OPERATED FOR PROFIT ........ 15 Ex-Governor Edward C. Stokes, President, Mechanics National Bank, Trenton, N. J. OPERATION OF TRUST DEPARTMENTS BY NATIONAL BANKS ... .......... 17 Ralph Stone, President, Detroit Trust Company, Detroit, Michigan. EFFECT OF WAR FINANCING ON SAVINGS BANKS ........ .............. 20 William E. Knox, Comptroller. Bowery Savings Bank of New York. DOMINANT FACTORS IN FOREIGN EXCHANGE SITUATION .... ........... 21 Scrinivas R. Wagel. Improved Clearing Facilities In Paris .......... .................... 23 THE RATIO PROVISION OF THE NEW JERSEY TAX LAW ........ ....... 24 Joseph F. McCloy of the New York Bar. RESULT-PRODUCING BANK AND TRUST COMPANY ADVERTISING .. ........ 27 W. R. Morehouse, Assistant Cashier, Guaranty Trust & Savings Bank, Los Angeles, Calif. History and Evolution of a Great New York Banking Institution .... ........... 29 DISTINCTIVE FEATURES OF MODERN TRUST COMPANY EQUIPMENT . ....... 31 War Convention for American Bankers ...... .. .................. 38 Forceful Trust Company Advertising ....... ... .................... 39 LEGAL DECISIONS AND DISCUSSIOI. ......... ................... 41 Trust Company Advantages. Compensations of Executors. Removal of Executor. The War and the Solid South .... ....... ...................... 50 Stock Market Influenced by War Revent e Legislation ...... ............... 52 Team-Work between Government and Banks ........ ................. 53 New York Money Market and Liberty Loan Operations ...... .............. 54 Operation of New Investment Tax Law in New York ...... ............... 57 ABSTRACT OF OFFICIAL STATEMENTS OF NEW YORK CITY TRUST COMPANIES AS OF JUNE 20, 1917 ......... ..... .......................... 62 to 63 important Trust Company Legislation in Pennsylvania ...... .............. 65 New England Banks Endorse Par Check Collections ...... ............... 69 First Real Test for Federal Reserve System ........ .................. 72 Food Control and the American Farmer ......... ................... 76 Penalizing Industrial Efficiency ........... ...................... 79 Imperative Need of Maintaining Railway Credit ........ ................. 80 OFFICIAL REPORTS OF NEW YORK CITY TRUST COMPANIES .... .......... S2to 94 Single Copies, 35 Cents Annual Subscription, $4t.00

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