Panics of the future, 184; opinion of Mills, 204, 377.
Paris Bourse, Balkan Crisis, 369; after war with Germany, 383–87; Agents de Change, 388 _et seq._; history, 388–9; the form of monopoly, 389; origin of monopoly, 389–390; regulations, 391; “right of introduction,” 392; exclusive privileges, 393; settlements 394; prohibitions, 394; liabilities, 395; rates of commission, 395; methods and transactions, 396 (see coulisse); objections to monopoly, 398 _et seq._; differences with the coulisse, 404; volume of business, 405; caution of public, 408.
_Paris Bourse, History and Methods of_, by E. Vidal, 392*.
Parquet, in Paris, 397 _et seq._
Partners of members, and partnership agreements, 270–1.
_Pears Prize Essays_, 219*.
Personalities on ’Change, 312 _et seq._
Plochmann, George, on German Bourse Law, 245*.
Powell, Ellis T., _The Mechanism of the City_, 379*.
Pragmatism, in economic phenomena, 127.
Prices, Relation to value, 4.
_Principles of Economics_, by Alfred Marshall, 255.
_Principles of Economics_, by Edwin R. A. Seligman, 42*, 254.
_Principles of Economics_, by J. R. McCulloch, 46*.
_Principles of Money and Banking_, by Chas. A. Conant, 93*.
Produce Exchange, 440.
Promoters, swindles of, 141.
Publicity in N. Y. contrasted with London, 347.
Pujo Committee, 176.
Punishment of members, 267.
Pyramiding, opinion of Hughes Commission, 420.
_Quarterly Review_, London, 300, 332, 377*.
Quotations, the property of the Exchange, 436.
Railroads in U. S., in 1906–7, 212.
Real Estate, Market for, 22.
_Real Estate Record and Guide_, 202*.
Real Estate Speculation, in N. Y., 202; in other cities, 203.
Receiverships, 430.
Reforms, attitude of members toward, 311; in listing new securities, 364.
_Regulation of Stock Exchange in Germany_, Henry Crosby Emery, 241*.
Rentes, as affected by war, 368; settlement days, 394; market for, 398, 404.
Resolutions adopted by the Exchange; against manipulation, 254 against light margins, 255 on business conduct, 255
Rhodes, Cecil, 377.
_Rise of the London Money Market_, by W. R. Bisschop, 379*.
Roosevelt, Theodore, and the panic of 1907, 210–212.
Royal Commission of 1877, 238–9, 231–2.
Rubber boom, in London, 62, 369.
Russian government bonds, as affected by war, 368.
Russian industrial securities in France, 62.
Salaries of employees, 318.
“Scalping,” 355.
Scapegoat, making the Stock Exchange a, 137.
Schonberg, “Handbuch” on Speculation, 21*.
Scott, S. R., on incorporation of London Stock Exchange, 233.
Securities, Origin of, 11.
Securities, Owners of in America, 14–15.
Securities, Volume of in America, 14–15.
Securities, Volume of in London, 360; in Paris, 406, _et seq._; in N. Y., 359–60.
Seligman, Edwin R. A., on Legislation, 254.
Seligman, Edwin R. A., on Principles of Economics, 42*.
Settlement days, London Stock Exchange, 344, 349; N. Y. Stock Exchange, 345; comparisons, 351.
Settling Room, in London, 372.
Shanghai Stock Exchange, 62.
Sherman Law, 199*.
Short selling, opinion of Prof. Huebner, 78; legalized in Paris, 402*; opinion of Court, 416; opinion of Hughes Commission, 420.
Silver purchasing clause, repeal of, 199*.
Smith, Adam, on Speculation, 37.
Smith, Adam, _The Wealth of Nations_, 37.
Smith, C. W., on depressions 219*.
Smith Herbert Knox, on hedging cotton, 94.
Smith, Hopkinson, on methods of brokers, 292.
Smollett, on South Sea Bubble, 325–6.
South Sea Bubble, 226, 325.
Spanish government bonds, as affected by war, 368.
Specialists, duties of, 278; vindications of, 279; opinion of Hughes Commission, 426.
Speculation, a feature of all enterprise, 38.
Speculation, in America contrasted with that abroad, 62.
Speculation, in American development, 307; contrasted with England, 366; in France, 408–9.
Speculation, in China, 62.
Speculation, in Egypt, 62.
Speculation, in France, 62.
Speculation, in Gold, (1864, 1866), 250.
Speculation, in London, 62.
Speculation, in relation to investment, 44.
Speculation, J. S. Mill, 47.
Speculation not gambling, 53, 54, 416, 417, 419, 421.
_Speculation on the Stock & Produce Exchanges of the U. S._, by Henry Crosby Emery, 49*.
Speculation, opinion by Judge Grosscup, 65.
Speculation, opinion by U. S. Supreme Court, 66.
Speculation, origin of the word, 36.
_Speculation, Some Thoughts on_, by Frank Fayant, 32*, 68*, 239, 252*.
Speculation, as distinguished from trading, 74.
Sponsors of candidates for memberships, 272.
Sportsmen on ’Change, 317.
Stamp Tax, N. Y., 75; in London, 355.
Stanhope, Edward, on incorporation of London Stock Exchange, 232.
State Banks contrasted with National Banks, 103.
_Statist, The_ (London) on Hughes Investigation, 256.
Stockbrokers in London (See London Stock Exchange); in Paris, (Paris Bourse).
Stock certificates, registered and bearer, 365.
Stock companies in France, 410–11.
_Stock Exchange and The Money Market_, by Horace White, 102.
Stock Exchange, Distinction between Wall Street and, 64.
_Stock Exchange Law and Practice_, by W. A. Bewes, 379*.
_Stock Exchange_ (London), by C. D. Ingall & G. Withers, 32*.
Stock Exchange, N. Y., Rules governing brokers, 138; the day’s work 288 _et seq._
Stock Exchange, N. Y., the building, 304–5; history, 307; mechanism, 418.
_Stock Exchange, Story of the_, by Chas. Duguid, 32*.
_Stock Exchange, The_, by Francis W. Hirst, 32*, 45*.
_Stock Exchange, The_ (London) Francis W. Hirst, 327*, 330*, 338, 367*.
_Stock Exchange, The N. Y._, by Francis L. Eames, 32*.
Stockholders, Rights of, 162, 164, 173*.
_Stocks and Shares_, by Hartley Withers, 379*.
“Switching,” 74.
Telephone clerks, on ’Change, their duties, 289.
Temperature of air on ’Change, how regulated, 305.
_Ten years regulation of the Stock Exchange in Germany_, by Henry Crosby Emery, 61*.
Ticker, value of, 162*; in London, 341–2; in N. Y., 347, 437.
Ticket Day in London, 373.
Timidity of capital, 17.
Tontine Coffee House, 307.
Tooke, Thos., on Prices, 7*.
Traders, as distinguished from speculators, 74; operations of, 285.
Trading posts, on ’Change, 289.
Transactions in securities, panic of 1907, 216.
Transactions on ’Change, how conducted, 288, _et seq._
Transfer of certificates, in London, 355, 365, 374.
Transfer Tax, in N. Y., 75, in London, 355.
Trust Laws, attitude of brokers toward, 311.
Unlisted Department of Stock Exchange, 166.
Usury Law, in N. Y., 105, 431.
Values, Relation to prices, 4.
Van Vorst, Justice, opinion, 236*.
Vendors’ shares, in London, 364.
Vidal, E., _History and methods of Paris Bourse_, 392; monopoly of Bourse, 399, 401*, 403, 404.
Vidal, E., on Origin of Bourse and Exchanges, 12*.
Villeplaine, Boscary de, on short selling, 88.
Visitors’ Gallery, 286.
_Wall Street and the Country_, by Chas. A. Conant, 29*, 175*.
Wall Street, distinction between the Stock Exchange and, 64.
_Wall Street Journal_, 83*, 136, 139, 145, 165*, 173*, 178*, 372*.
Wall Street not the Stock Exchange, 428.
War, between England and a first-rate power, 367, _et seq._
War, cost of, 367.
War, Franco-German, 383, _et seq._
“Wash Sales,” 168, 422.
“Welchers,” 227, 249; in Paris, 402.
_Wealth of Nations, The_, 37.
White, Horace, on banking laws, 102, 104; on company promoters, 142, 147*; on gold speculation, 251; on margin transactions, 53*; on money rates, 115; on short selling, 80; on Stock market quotations, 15; on the distinction between Wall Street and the Stock Exchange, 64; on the Hughes Commission, 159; on the panic of 1907, 196; on the panics of 1837, 1857 & 1873, 199*.
Withers, G., _The Stock Exchange_ (London), 32*.
Withers, Hartley, _Stocks and Shares_, 379*.
Witwatersrand, discovery of gold in, 365.
Wood, Henry, _Political Economy_, 219*.
Woolley, C., _Phases of Panics_, 219*.
_World’s Wealth in Securities_, by Chas. A. Conant, 288*.
_World’s Work, The_, 294*.
Worry on Change, 302 _et seq._
_Worry the Disease of the Age_, by Dr. C. W. Saleeby 304*.
_Yale Review_, 61*.
_Yale Review_, on German Stock Exchange Law, 241*.
_Yale Review_, on panic of 1907, 196*.
“Yankee market,” in London, 300.
[Illustration]
THE COUNTRY LIFE PRESS GARDEN CITY, N. Y.
Transcriber’s Notes
Punctuation, hyphenation, and spelling were made consistent when a predominant preference was found in the original book; otherwise they were not changed.
Questionable accent marks in non-English words were neither added nor removed by Transcriber.
Simple typographical errors were corrected; unbalanced quotation marks were remedied when the change was obvious, and otherwise left unbalanced.
Duplicate chapter title pages were removed by Transcriber.
The index was not systematically checked for proper alphabetization or correct page references. The original book contained a supplement of omissions to the Index; in this eBook, those omissions have been merged into the Index.
Footnotes, originally at the bottoms of pages, have been collected, sequentially renumbered, and moved to follow the Appendix.
The two illustrations are the publisher’s and printer’s logos.
Footnote 30, originally on page 68, was not referenced in the text. Transcriber added a reference at the end of the text on that page.
Page 255: “Section 5 of Article XVI” was printed imperfectly, so the “5” may be a “3”.
Page 408: Transcriber added “to” in “from time to time”.
Page 452: The Index reference to a footnote on page 258 is not correct.