Trust funds are described.

Journalist Louis Lyons subsequently writes, “The trust fund was invented here, and has found in New England its most elaborate use.” Ward Just, in the short story “About Boston,” says they may have invented to “avoid taxes or to punish a recalcitrant child or to . .. . ‘protect’ an unworldly widow,” but James C. O’Connell says that after Word War II it spurred significant economic growth.