Moreover, the function is in large part performed for Americans by ticket agencies at the ports of embarkation and by the steamship companies en route.
(c) Selling bonds and other investments to customers.

In smaller communities the customers of a bank turn to it as the best source of information for safe investments of personal or trust funds.

This opens to it a new possibility of service.

Large investments, however, are usually made through the agency of more specialized investment brokers.
(d) Acting as trustee and business manager for passive investors, and especially as executor and administrator of estates or as guardian of a minor heir.

This function has been taken up rapidly since about 1890 by the trust company[3] organized under state laws.
Sec.3.