Excerpt from Investment Bonds: Their Issue and Their Place in Finance, a Book for Students, Investors, and Practical Financiers
Some months past a prominent banker of this city delivered an address touching largely on Investment Bonds, in the course of which he was requested to mention a work devoted entirely to that subject. The reply was that he knew of no book of this nature and he believed that none existed; and a review of current financial literature confirmed this belief. That incident, together with numerous similar inquiries that have come to the attention of the author, is responsible for the present volume.
Nearly every other branch of finance has received an adequate measure of attention. There are for instance, fully a score of good works on the various aspects of banking and on kindred subjects. It is a singular fact, however, that Investment Bonds, taken as a separate subject, have had scant consideration. The published information at present available on the subject is scarcely more than passing mention in some financial works, one or two small volumes which are little else than reference works, and the advertising pamphlets of banking houses. This material is so scattered as to preclude the possibility of obtaining from it any satisfactory amount of trustworthy information. Only a few, comparatively, such as those whose daily association with this branch of finance affords them opportunity for its study, are in a position to learn of its many phases.
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