48 HASKINS & SELLS June
Capital Stock Without Par Value
THERE is being distributed with this
number of the Bulletin a pamphlet
containing the series of articles which has
previously appeared in the Bulletin entitled
"Non-par Value Stock from an
Accounting Point of View." Developments
with regard to capital stock without
par value have been so rapid that there are
probably some cases which will not have
been covered by the discussion in the
pamphlet. It is thought, however, that
such discussion covers fairly fully the
typical cases, and will perhaps be of some
help, if only to stimulate thought on this
somewhat involved, although on its surface
very simple, subject.
Conyngton, Thomas, Bennett, R. J.,
and Pinkerton, Paul W. Corporation Procedure:
York, The Ronald Press Company, 1922.
This book is too large in size to be carried
around in the pocket; its contents are too
voluminous to be carried around in the
head. It therefore constitutes a book of
reference, and as such fulfills a mission.
It is, in effect, a compilation embodying
the substantial principles, with some amplification,
of such books as "Business Law,"
by Thomas Conyngton, "Business Finance,"
by William H. Lough, and "Corporation
Accounting," by R. J. Bennett.
The book is comprehensive and illuminating,
and made especially interesting and
valuable by some 250 forms used in corporate
procedure. The chapter on receivership
and reorganization is especially
interesting, as is that on receivership and
sale; particularly so, because of the fact
that writers generally have given little
attention to accounting for receiverships.
There is also a valuable chapter on consolidated
Generally speaking, the volume may be
characterized as a big book, full of information,
and undoubtedly worth the
price at which it is offered, namely, $10.
PRESS OF WILLIAM GREEN, NEW YORK