Business & Finance: Boston Trusts

Rounding out the second month of its methodical exploratory tour of the U. S. investment trust business ordered by Congress, the Securities & Exchange Commission figuratively arrived last week in Boston. In so doing, it unearthed not one whiff of scandal, received for a change an instructive lesson in safe money management.

Trusts in all their variations are woven into the whole fabric of Boston life. A Bostonian who is not either a beneficiary or trustee of at least one personal trust fund is liable to find himself at a distinct social disadvantage. Boston is...

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