ABSTRACT
Corporate control is of three kinds, viz.: (1) the control exercised by the stockholder, (2) the control exercised by the board, (3) the control exercised by the officer. The purpose of accounts and reports is to make control intelligent. Do the reports rendered to stockholders contain such information as will enable them to exercise intelligent judgment with respect to the fidelity, efficiency and economy of corporate trustees and agents? This is the viewpoint of criticism and analysis appearing in this department of The Journal.
