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Die Volkswirthschaftslehre

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Bibliographic data

Object: The work of the Stock Exchange

Monograph

Identifikator:
1690007133
URN:
urn:nbn:de:zbw-retromon-103422
Document type:
Monograph
Author:
Mahaim, Ernest http://d-nb.info/gnd/116679514
Title:
Le secours de chômage en Belgique pendant l'occupation Allemande
Place of publication:
Paris
Year of publication:
[1926]
Scope:
XII, 322 S.
Digitisation:
2020
Collection:
Economics Books
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Contents

Table of contents

  • The work of the Stock Exchange
  • Title page
  • Contents
  • Chapter I. The evolution of securities
  • Chapter II. Organized security markets and their economic functions
  • Chapter III. The rise of the New York stock exchange
  • Chapter IV. The distribution of securities
  • Chapter V. The dangers and benefits of stock speculation
  • Chapter VI. A typical investment transaction
  • Chapter VII. Credit transactions in securities
  • Chapter VIII. The floor trader and the specialist
  • Chapter IX. The odd-lot business
  • Chapter X. The bond market
  • Chapter XI. The security collateral loan market
  • Chapter XII. Comparison and security clearance
  • Chapter XIII. Security delivieries, loans, and transfers
  • Chapter XIV. Money clearance and settlement
  • Chapter XV. The commission house
  • Chapter XVI. The administration of the stock exchange
  • Chapter XVII. The stock exchange and American business
  • Chapter XVIII. The stock exchange as an international market

Full text

STOCK EXCHANGE AND AMERICAN BUSINESS 497 
Life in the Middle Ages.—The Baron bathed rarely and 
without soap. Even as late as the days of “good Queen Bess” 
it was deemed advisable when presenting a masque to the 
noble ladies and gentlemen at court, to have a perfumer walk 
up and down through the audience, lest the odor of the un- 
washed flower of England's lords and ladies overcome the 
pleasant fancies of the dramatist. Glass windows were un- 
known in the castles of the Middle Ages, and the dark castle 
halls were hung with flapping arras behind which the assassin 
often lurked. Carpets were luxuries and had to be imported 
from the East; among the rotting rushes which covered the 
floors, dogs growled over half-consumed bits of food cast tc 
them from their master’s table. Owing largely to the prevail 
ing ideas of a “fair price” and the punishment prescribed for 
charging interest or speculating, starvation among the common 
people was common and hunger among the nobility not 
unknown. 
There were no sewers, no drains, no medicines except the 
superstitious concoctions of the age, no surgical instruments 
except the axe and the dagger. A constant menace from 
plague and disease shadowed lord and vassal without 
partiality. Pigs were depended upon to clear the narrow city 
streets of refuse, and also to feed the inhabitants. When the 
baron traveled, he went on horseback and in armor which, if 
like Banquo he rode unattended at night, did not always save 
him from being murdered. His wealth consisted mainly of 
real estate, his income of rents paid in kind—a pig here, a 
bushel of wheat there—and his daily work of fighting his ten- 
ants to collect the one and his enemies in protecting the other. 
His only entertainment, apart from these not altogether pleas- 
urable diversions, was furnished by wandering jugglers, the 
songs of the occasional minstrel, or the reiterated jests of a 
court fool. Such an existence, romantically as it has been 
described by Sir Walter Scott, scarcely appeals in a practical 
way to the modern American. And vet the baron was the
	        

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Zollhandbuch Für Die Ausfuhr Nach Rußland 1906-1917. Deutsch-Russischer Verein, 1912.
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