SERVICES PERFORMED 
During its existence of nearly a century, the Boston Stock 
Exchange has served every state in the Union as well as New 
England. It has been the funnel through which New England 
capital has flowed into all sorts of enterprises: the mines, the 
railroads, and the manufactories. Members and member-houses 
have been extremely active and helpful in directing this flow, 
and the machinery of the Exchange has facilitated this work. 
The history and activities of the Boston Stock Exchange go 
far to answer the question as to what are the real functions of 
a local stock exchange. From that record, three facts stand out: 
The Boston Stock Exchange has assisted local business build- 
ers through developing a market for their securities, until they 
have become essentially national in demand and appeal. 
It has given New England investors opportunities for par- 
ticipation in the growth of other parts of the country. 
New England in origin, its membership has come largely 
from that district, and thus brokers and clients have had a 
common background and understanding, which have been of 
lasting value to both. 
Conducted always in the spirit of fair and equitable business 
practices, and in codperation with what it believes to be in the 
sound interests of the public, it has progressed with the country 
and today, next to the New York Stock Exchange, is recognized 
as one of the foremost exchanges of the country. 
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