The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XV. The commission house

Collection:: Economics Books

440 THE WORK OF THE STOCK EXCHANGE near the stock market as the nearest branch office or corre- spondent of any Stock Exchange house. Recently, the radio has even enabled branch offices of Stock Exchange firms to be established on some of the larger ocean liners for the conveni- ence of their passengers. In consequence, the New York securities market is readily accessible to practically all American business men at all times. Overcoming Time and Space.— Until the last century, it had been one of the perennial problems of government to con- trol large areas of land. Lack of facilities for communication and transportation had in the end frustrated even the ambitions of the Caesars and Napoleons of history. That this difficulty was realized by the founders of this nation is attested by a writer®* upon the modern wire house: George Washington advised against including the Mississippi River in the Union. Webster opposed taking in Texas and Oregon. Monroe once warned Congress that a country which reached from the Atlantic 0 the Middle West was “too extensive to be governed except by a despotic monarchy.” But they spoke in the days when mountains still retained mastery over man, when distances were measured in miles rather than in minutes. Due to the efforts of scientific inventors and business organ- izers (and, incidentally, by the investors and speculators in the stock market who financed them), this former supposed limi- tation upon the physical size attainable by free governments has been dissipated. An almost equally notable triumph has occurred in the economic realm of business through the growth of free markets, and by the same means. The telegraph has made possible the rise of world markets, accompanied by greater stability in industry and trade. Without facilities for instant communication, the present international market places would crumble and again resolve themselves into local markets, with scanty and precarious trading, and a parochial pn BT. 3, Boje Tie Back-Suge Side of the Wire Business,” Commerce and

Access restriction

Copyright

fullscreen: The work of the Stock Exchange

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation