Supreme Court, Pennsylvania, cited,
156
United States, on bank control, 19
"ruled of reason," 342
trust decisions, 341
Sureties. See Fidelity insurance
Surplus, executor's disposition of, 61
legal requirements as to, 18
Syndicate underwritings, 78, 136,150
Tax, estate, federal, operation of,
201
services rendered by fiduciary,
uniform method advocated, 206
state, 204
uniform method advocated, 206
income, federal, operation of, 198
when paid by fiduciary, 199
state, services rendered by fidu-
ciary, 201
inheritance, state, injustices of,
204
operation of, 202
services rendered by fiduciary,
201
transfer, in New York, 202
Taxation, of private property,
prescribed by law, 17
trust company's services in mat-
ters of, 199-207
uniform method advocated, 206
Taxes, increase personal trust busi-
ness, 342
influence upon real estate financ-
ing, 102
new kinds levied, 341
payment of, by executor, 59
Tawney, R. H., quoted, 178, 191
Terminal trust deeds, 90
Terms for trusts and agencies, by-
law quoted, 319
Testamentary disposition of prop-
erty, history of, 211
Testamentary guardian of property
of infant, 63, 64
Testamentary trusts, 47, 61-64,
321-323
Time changing agencies, 3
Time deposits and personal trusts,
distinctions, 316-321
Time limit for assembling claims,
60
Tioga Navigation Company, 277
Title insurance, 13, 154-163
and trust services, 314-316
companies, 315
development of, 159
equipment or "plant" necessary,
156
liability of insurer, 159
types of risk insurable, 162
unprofitable for small companies,
158
Titles, real estate. See Real estate
titles
Tobacco Trust, 341
Torrens system of registration of
title, 160
Towns, growth of, 262
Trade-unions. See Labor
Trading services.
Transcription of real estate records,
156
Transfer agent, 142-147
development of trust company as,
291-295
Transfer tax in New York, 202
Transportation, inland, develop-
ment of, 232, 251, 262
Traveling arrangements, broker-
age of, 134
Trust, definitions, legal, 37
legal and equitable concepts of,
history, 214-226
before the Statute of Uses, 214
deed, history of, 222-226
as basis of corporate trust deed,
297
See also Deed of trust
department, analysis of functions,
25-28, 32
deposit, 125
since the Statute of Uses, 221
misuse of "Trust" in titles, 21
nature of a, chapter on, 44-52
creation of; classifications, 47
distinguished from agency, 38,
120
from contract, 44
parties involved, 47
qualifications of parties to,
in the South and West, 343-345
insurance and banking services
performed by, chapter on, 153-
174
limitation of numbers, 336, 337
nature and legal status of, chap-
ter on, 3-23
not permitted to insure titles, 161
of labor unions, 192-195
organization of, and classification
of services, chapter on, 24-43
rendering personal agency serv-
ices, list, 325
replying to questionnaire, analy-
sis of, 388-390; tables, 389
vs. individuals as fiduciaries, 479–
486
See also Corporate fiduciaries
company, definition of, 4, 23
first great move to develop, 257
first used in title, 257
practices, criticisms of, 481
questionnaire, chapter on, with
tables, 385-390
services, differentiation and spe-
cialization, 325-329
list of early "life insurance and
trust" companies, 326
"loan and trust," 329
"savings bank and trust," 328
"trust" companies, 327
Trust companies-Continued
economic, social and political, 3
aspects of, chapter on, 175–
expansion of, chapter on, with
tables and graphs, 391-417
forces causing growth, 412
seeking small estates, 398
special and unique services, 409
supervision, development of, 329-
339, 345-354
vs. bank controversy, 345–350
vs. lawyer controversy, 365-370,
470
conference, 323, 328, 365
See also American Bankers Asso-
ciation
powers of early corporations, cor-
porate services, 272-278
personal services, 238-272
services, for corporations, chap-
ter on, 79-91
for individuals, chapter on, 53-78
chart showing handling by ex-
ecutor, 62
by trustee, 76
for individuals or corporations,
chapter on, 92-118
geographical distribution of, 153
Trust Companies Magazine, 366,
385
Trust Company Division, Ameri-
can Bankers' Association. See
American Bankers' Association
"Trust Company Law," 5
Trust Company of America, 354
Trust investments, funds, invest-
ment of, with tables and
graphs, chapter on, 418-453
difficulties in the way of " secu-
rity" diversification, 442-444
diversification by corporate fidu-
ciaries, 427-429
by individual investors, 429-
432
comparison, 432-434
principles of diversification, 434-
438
proportion in various types of
securities, 422-427
speculative nature of stocks and
bonds, 438-442
office of, in case of bankruptcy or
reorganization, 92-97
qualifications, 49
states and municipalities named
as, 303
trust company as agent for, 132
under corporate trust deed, 79, 82
agency functions, 83, 86, 137
duties and liabilities, 82-91
earliest examples of, 276, 296
in early railroad financing, lists
and graph, 302-309
reduction of liability, 87
safeguarding interests of bond-
holders, 86
sinking fund management, 139
under last will and testament, 63
Trustees, Board of, 230, 234
Trusteeship, continuous, 232-234
history of, chapter on, 211-226
legal and equitable concepts of, 214
prior to the Statute of Uses, 214
since the Statute of Uses, 221
Trusts, classification of services, 41
standardization of requirements
in performance of, 362
community, 109-114, 377
Trusts-Continued
court, 48, 64, 321-323
inter vivos. See Living trusts in-
vestment, 114-118, 244, 376,
444, 446
personal, 47, 316-321, 323
expansion of service, 391
growth of, in New York, 371
graph, 371; table, 373
real estate, 98-109, 377
testamentary, 47, 61-64, 321-323
Tuscumbia, Courtland and Decatur
R. R. Company, 273
Tyrrel's case, 1557, cited, 222
Underwriter of security issues, 78,
136, 150
Uniform Trust for Public Uses, 377.
See also Community trusts
Uniformity in departments, lack of,
31
of practice, 361-370
Union Insurance Company, 236, 237
Union Trust Company of New
York, 296, 317, 335
Union Trust Company of Pitts-
burgh, 373
United Company of Philadelphis
for Promoting American Man-
ufactures, 230
United Railroads of New Jersey, 272
United States, Comptroller of the
Currency, supervision by, 338
distribution of capital in, with
tables and graphs, 394-402
Secretary of the Treasury, 381
recommends federal supervision,
351
Treasury Department, letter on
loss of bonds, notes and cou-
pons, quoted, 312
United States Bank, 265, 290
United States Trust Company, 153,
295, 317, 318, 330
Use in feudal system of land tenure,
214-225
Uses, Statute of, 214-222
Variability as a factor in invest-
|