History
Christian A. Luhnow founded Trust Companies in March 1904 in response to the rise of the trust banking industry in the United States. Most of the 1,300 United States trust companies then in existence had been formed in the previous 25 years. Yet, according to the magazine back then, "no other financial institutions of comparatively recent growth have made such giant strides and at the same time are so little understood outside of those immediately interested."trusts in the 1800 were used as business techniques during the industrial growth these ways were often used by large companies
Read more about this topic: Trusts & Estates (journal)
Famous quotes containing the word history:
“A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
—David Hume (1711–1776)
“It’s a very delicate surgical operation—to cut out the heart without killing the patient. The history of our country, however, is a very tough old patient, and we’ll do the best we can.”
—Dudley Nichols, U.S. screenwriter. Jean Renoir. Sorel (Philip Merivale)
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)