Geschichte der großen amerikanischen Vermögen: Geschichte der großen amerikanischen Vermögen

The work of the Stock Exchange

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Identifikator:: 1895264332

Document type:: Multivolume work

Author:: Myers, Gustavus

Title:: Geschichte der großen amerikanischen Vermögen

Place of publication:: Berlin

Publisher:: Fischer

Year of publication:: 1916 -

Collection:: Economics Books

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Volume

Identifikator:: 1895266750

URN:: urn:nbn:de:zbw-retromon-242184

Document type:: Volume

Author:: Myers, Gustavus http://d-nb.info/gnd/10190651X

Title:: Geschichte der großen amerikanischen Vermögen

Volume count:: Bd. 1

Place of publication:: Berlin

Publisher:: Fischer

Year of publication:: 1916

Scope:: XL, 412 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Multivolume work

Structure type:: Chapter

Title:: Zweiter Teil: Die grossen Landvermögen

Collection:: Economics Books

THE EVOLUTION OF SECURITIES 25 certificates, but only in changing entries on the security register. In respect to danger of theft or loss, inscribed securities are undoubtedly the safest form known, since there is no certificate to steal or mislay. Dividends are paid by mailing checks to security holders. Registered Securities.—Registered securities resemble those which are inscribed, in that a register of holders is kept, upon which the names of holders can be transferred when changes in ownership occur. But, unlike inscribed issues, reg- istered securities have certificates which may be and are deliver- able in the stock market. Each registered certificate is made out in the name of the same individual or concern which stands on the register as the owner of the given securities, and thus the registered certificate serves as documentary evidence that the holder whose name it contains is also entered on the register as at least nominal owner of the given bonds or shares. Practically all American share securities are in registered form; most American bonds are “to bearer,” although some of them permit of conversion into registered bonds. In Great Britain, almost all share issues are registered, although the British Companies’ Act specifically provides for “share war- rants” or bearer shares, and a few British companies have issued them ; British bonds, however, are very largely registered or inscribed. On the Continent, registered securities are much less common than in the English-speaking countries; as a rule, Continental securities are registered only when some liability attaches to ownership (as in the case of part-paid shares) or under other exceptional circumstances. The methods of paying dividends or interest on registered securities vary according to the banking practices of different countries. In most English-speaking countries (including the United States and the United Kingdom) the public is thor- oughly familiar with deposit and checking accounts, and in consequence money checks can be mailed to the holders of registered securities as dividend or interest payments become

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