REFERENCES FOR FURTHER STUDY
(Arranged According to Chapters of This Book)
(Students are herein briefly referred to the general bibliography follow-
ng, for the full titles, etc., of indicated works.)
Chapter I. The Evolution of Securities
Material upon the evolution of securities in America is scattered
and specialized though profuse; as yet no single classic has been
written covering adequately this whole field. Evans has traced the
origin of preferred stock, and other writers of bonds. The full sig-
ficance of common stock as a long-term investment was not generally
realized until Mr. E. L. Smith’s convincing study. Chamberlain (2nd
ed.) is still a standard authority on bonds.
The best modern American studies of the financial structure of
sorporations are those of Jordan, Gerstenberg, Conyngton, Lyon,
Lagerquist and Mead. Studies by Moody, Hadley, Meeker, Sumner,
Adams (John, Jr.), Burgunder, Sullivan, Wood and Rollins are also
useful. Stetson is valuable for the legal aspect.
Modern American securities manuals are primarily Moody’s and
Poor’s. Good manuals on foreign securities by Kimber and Winkler
are also available; in this regard, see the special bibliography by Rossi.
In the works of Henri Sée and Ehrenberg one can trace the evolu-
tion of European securities. Powell has done a masterly study re-
specting the evolution of securities in England; J. A. Hobson and
Bisscop should also be consulted. Giffen is useful for mid-nineteenth
century conditions, and Withers “Stocks and Shares” gives a very
readable description of present-day British securities. Davies is more
up-to-date and more technical. Parkinson is brief but practical.
Sturgess on the British Companies Act is also pertinent to any real
grasp of British securities.
Chapter II. Organized Markets and Their Economic
Functions
Material regarding the evolution of the New York financial mar-
ets will be found in the next chapter. For similar material on Boston
(Mass.) see Martin; for London, see Powell and Bisscop. Other good
British works are: Duguid, a semi-official and very readable history
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