Between 1875 and 1900, the assets of trust companies in New York
City grew at a compound annual rate of 9.6%, compared with 4.1% for
national banks. The purpose of this book, first published in 1986,
is to bring to light the entrepreneurial, economic and political
forces which prompted the growth of the trust companies and
resolved the movement into a well-defined financial intermediary
and eventually led to the merging of the trust movement with
commercial banks.
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