Trust
Companies

Jol. XX.

January, 1915

Number One

FIDUCIARY PUBLISHERS, INC.
Two Rector Street New York City

Trust Companies

A Monthly Magazine devoted to TRUST COMPANY, BANKING AND

FINANCIAL Interests of the United States

TRUST COMPANIES AND THE QUESTION OF MEMBERSHIP IN FEDERAL RESERVE BANKS

Uzal H. McCarter, President, Fidelity Trust Company of Newark, N. J., Chairman, Executive Com-

mittee, Trust Company Section, A. B. A.

xxxii

1

7

CHANGES IN BANKING PRACTICE SUGGESTED BY OPERATION OF RESERVE SYSTEM

James K. Lynch, Vice-President, First National Bank of San Francisco, and First Vice-President,

American Bankers' Association.

11

CHECK COLLECTION AND CLEARING PROBLEMS

Walter M. Van Deusen, Cashier, National Newark Banking Company, Newark, N. J.

TRUST COMPANIES CONTINUE TO ADVANCE

14

17

Ralph W. Cutler, President, Hartford Trust Company, and President Trust Company Section, A. B. A.

STATUS OF AMERICAN SECURITIES HELD IN EUROPE

19

Eugene J. Koop, Foreign Representative, Spencer, Trask & Company, New York.

21

THE FINANCIAL WAR PROBLEMS OF AMERICA

Fred I. Kent, Vice-President, Bankers' Trust Company, New York.

ACCEPTANCES AND ADVANTAGES OF BROAD DISCOUNT MARKET
H. R. Eldridge, Vice-President, National City Bank of New York.

INVESTMENT OF AMERICAN CAPITAL IN FOREIGN COUNTRIES

Frederick Todd, Managing Editor "The Americas."

THE NATIONAL THRIFT MOVEMENT

William E. Knox, Compt. Bowery Savings Bank, and President, Savings Bank Section, A. B. A.

SAFEGUARDS IN CONDUCT OF THE TRANSFER DEPARTMENT

Francis J. Burrage, Assistant Secretary, Boston Safe Deposit & Trust Company."

SCOPE AND PURPOSE OF NEW LAND BANK OF STATE OF NEW YORK

John J. Dillon, Secretary & Treasurer of the Land Bank of the State of New York.

NEW OPPORTUNITIES FOR TRUST COMPANIES AS FISCAL AGENTS

Scott Hopkins, President, Prudential Trust Company, Topeka, Kansas.

INCREASING BURDENS OF TAXATION

Hastings Lyon, Author of "Principles of Taxation," etc.

Model New Banking Quarters of Chase National Bank, New York

Legal Discussion and Decisions Relating Particularly to Trust Companies

Resourcefulness of National Banks of New York City

Stability of New York City Trust Company Stock Values

L. A. Norton, New York.

Administrative Changes in Guaranty Trust Company of New York

How Banking Complications of 1914 Were Adjusted

Statistics of New York City Trust Companies

Record of Speedy Readjustment in Philadelphia

Banking Situation from New England Viewpoint

The Extraordinary Wheat Movement and Prospects in Middle West

Breaking Ground for New Epoch in Foreign Trade Expansion

Special Correspondence from Leading Cities.

A Western Viewpoint of the General Situation

Theo. G. Smith, Vice-President, International Trust Company of Denver, Colorado.

DETAILED OFFICIAL STATEMENTS OF NEW YORK CITY TRUST COMPANIES AS OF

DECEMBER 24, 1914

Annual Subscription, $3.00

Single Copies, 35 Cents