Book Description

Excerpt from The New York Stock Exchange: A Discussion of the Business Done; Its Relation to Other Business, to Investment, Speculation and Gambling; The Safeguards Provided by the Exchange, and the Means Taken to Improve the Character of Speculation The New York Stock Exchange can be said to have been begun 125 years ago - 100 years of which it has passed under a formulated Constitution. Its beginning was three years after the adoption of the Constitution of the United States and the first meeting of Congress, three years after George Washington first took the oath of office as President; before coal had come into common use, while houses were still lighted by candles; 33 years before the first steam railroad; 53 years before the first telegraph message; 64 years before the first ocean cable; 74 years before the first telephone - when the whole population of the country was less than that of New York City now; when the country's area was not one-fifth of what it is at present; when not even the wildest dreamer could have imagined trains running at sixty miles an hour, wireless telegraphy, articulated speech transmitted thousands of miles, aerial navigation, or the gigantic business enterprises of the minute. The Exchange is the great security market of this country; the business done upon its floor is wide-spread in its interest and effect. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.