Coa DEBODENE OC 40 SEMROSE sD

THE
BOSTON. STOCK EXCHANGE

ORGANIZATION
4E Boston Stock Exchange was organized on

October 13,1834, and, with a single exception,

has continued its activities uninterruptedly

from that date. The exception represented the

period from July 30 to December 10, 1914,

and was the result of the chaotic conditions precipitated by

the beginning of the World War. Even in the panic of 1837

its operations were continued, despite the necessity on the part

of some of the other Exchanges to suspend activities for a time.

The Exchange grew out of the foresight of a small group of

local men, who realized the important part which an organized

securities market might play in the business and industrial up-

building of New England, and of the country as a whole. That

its scope, in the beginning, was broad enough to include the

financing of our developing foreign and domestic trade, is in-

dicated by the first public notice which is to be found of its

organization. To quote from the Boston Advertiser €T Patriot of
November 3, 1834:

“We learn that the greater number of stock and exchange

brokers in this city have organized themselves in a board which
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