Book review;Additions to the Library, December, 1920;

              8 HASKINS
Book Review
Kirkbride, F. B., Sterrett, J . J . , and
Willis, H . P. The Modern Trust Company.
Fifth edition, enlarged and revised. (New
York, The Macmillan Company, 1920.
549 p.)
The increase of two hundred and forty
pages over the fourth edition of this book
conveys little idea of the improvement
noted in the new edition. Not only is it
larger and more comprehensive, but the
revision seems to have added new life and
interest to the presentation of the subject.
Many new topics have been added to
various chapters, for example, "Public
trustees" and "Interlocking directorates,"
while new chapters have been included as
follows: Membership in the Federal Re­serve
System, Making use of the Federal
Reserve System, Credits and Credit De­partment,
Tax Department, Operating
Costs, Statistical Department, Foreign
Banking, Investments and Commercial
Paper.
The section on audits and examinations
has been slightly amplified by reference to
the practice of the Federal Reserve System
and reiterates the statement that "some
banks and trust companies in this country
have adopted the practice of printing a
public accountant's certificate in their
published reports. This is in keeping with
a custom that is growing among other
classes of corporations in this country, and
that is almost universal in Great Britain.
Present tendencies point to its becoming
generally expected by the business public,
just as banking houses are now laying
& SELLS January
stress upon an accountant's certificate as
to a customer's financial statement when
presented as a basis for credit."
The book in its present form is alto­gether
very acceptable and worthy of a
place, in all libraries, both public and pri­vate.
Additions to the Library, December, 1920
American Academy of Political and Social Science.
Working capital in street railway valuation; by Delos F.
Wilcox. Philadelphia, American Academy of Political
and Social Science, 1920. 24 p.
Commerce Clearing House. Unabridged Federal in­come
tax service, 1921. New York, Commerce Clearing
House, 1920.
Commerce Clearing House. Unabridged Federal war
tax service, 1921; containing the law, regulations, Treasury
decisions as in force at November 1, 1920, and in current
supplements as issued during 1921. New York, Commerce
Clearing House, 1920.
Corporation Trust Company. Income tax service,
1913—1921. New York, Corporation Trust Company,
1921.
Corporation Trust Company. War tax service, 1921;
containing Title B, war profits and excess profits tax law
and other titles covering special tax levies, including the
Capital Stock Tax on corporations law of the Revenue
Act of 1918, and official rulings, regulations, etc., bearing
thereon. New York, Corporation Trust Company, 1921.
First National Corporation. Acceptances, by Alex­ander
Henderson. Boston, The First National Corpora­tion,
192,0. 46 p.
The Franco-American year book, 1921. Paris,
France, Edward Cantor, 1921. 400 p.
Kirkbride, Franklin Butler, and Others. The
modern trust company: its functions and organization: an
outline of fiduciary banking. Edition 5, revised and
enlarged. New York, The Macmillan Company, 1920.
549 p.
National Association of Cost Accountants. Manage­rial
uses of foundry costs, by J. P. Jordan. New York,
December, 1920. 13 p.
National Industrial Conference Board. Proceedings
of the second national industrial tax conference held in
New York City, October 22 and 23, 1920. 200 p.
Prentice-Hall, Inc. Prentice-Hall Federal tax service,
1921. 2 v. New York, Prentice-Hall, Inc., 1921.
Standard Statistics Company, Inc. Securities prices
as of December 31, 1918; compiled for and under the
supervision of the Comptroller of the State of New York
for use in determining the valuation of securities under the
State Income Tax Law. New York, Standard Statistics
Co., Inc. (cl921). 288 p.