Download or read book The Emergence of the Trust Company in New York City 1870-1900 written by H. Peers Brewer and published by Routledge. This book was released on 2017-08-07 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.