Abstract

"Mine Own with Usury": The Investment Trust
Curtis, J. G. | July 23, 1930 issue

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The article focuses on investment trusts. It is a distinguishing characteristic of U.S. culture that the servant or trustees with whom people place their money are almost invariably corporations. Banks are the simplest form of investment trust although they are not conventionally thought of as such. The bank depositor's money goes indistinguishably with other depositors' money into common funds which are invested in loans, mortgages, and securities and from the income on those diversified investments the depositor is paid his usury, which in these un-Biblical days is about 4 percent.

See Also:

INVESTMENTS; TRUSTS & trustees; CORPORATIONS; BANKS & banking; SECURITIES; MORTGAGES
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