Past section and past branch meetings

Baltimore The Baltimore Section held a meeting on February 2, in the Physical Laboratory of the Johns Hopkins University, at which Dr. J. B. Whitehead presided. Mr. Ralph D. Mershon of New York gave an interesting and instructive paper on “The Rudiments of Corporate Finance.” Mr. Mershon treated of the various kinds of securities used in financing corporations, and illustrated in a very apt way the advantages of corporate ownership over partnerships. He also brought out the salient advantages of holding companies. Forty-five members were present.