One who signs a "subscription blank;" (see "Subscription Blank ") or one who signs an agreement to purchase a security.

Subscription Blank

A printed form, which often accompanies a prospectus or circular, whereby the intending investor may execute an agreement to purchase the security or securities named, but which blank provides for certain conditions regarding payment and delivery, with which the signer must comply.

Subsidiary Company

A company belonging to, or under the management of, another corporation. The various operating companies whose stock is owned and controlled by the parent Holding Company, in such a manner that the corporate organization of such companies is still maintained, are known as its " subsidiary companies" or, to be more brief, " sub-companies."

Subsidiary Silver

In the United States "is legal tender for amounts not exceeding $10 in any one payment." At the present time, the subsidiary coins are half dollars, quarter dollars, and dimes.


Monetary unit of Equador. On Oct. 1, 1905, as valued by the Treasury Department, it was equal to $.487 United States money.


The American Sugar & Refining Co.

Sundry Assets

(First read "Assets.") Miscellaneous property which has not been placed under some definite heading; which has not been classified.


One "supports" the market when he buys freely as offers to sell are made, without endeavouring to make advantageous trades for himself as to prices; that is, buys at prices offered, so as to give the impression that there is a good demand and thus prevent a decline in prices, and, perhaps, inspire enough confidence among those desiring to sell so that they will regain their courage and not only stop selling, but begin to buy again.

Supporting Orders

Orders given to buy securities in order to "support " the market. (See "Support.")

"Supporting the market" has the same significance.


A guaranty or security against loss, or for the carrying out of some agreed promise or act. A person or company who so guarantees another acts as "surety," and any paper or bond given as evidence of the fact bears the same title. A surety company is one, which, for proper compensation, acts as "surety."

Surety Company

See last subject.


That proportion of the earnings of a business after paying all expenses for operating and making all provisions for interest on bonded indebtedness, dividends, insurance, taxes, rentals, etc., and is the amount of profits which can be carried forward into the next business period. When this amount of " surplus " is added to a similar previous accumulation, it is referred to as "total surplus"

The "surplus" of a corporation may be far greater than the capital. A good illustration is the case of the Chemical National Bank of New York, which, on Nov. 12, 1906, had a surplus of $7,200,000, and a capital of only $300,000.