Harper's Weekly, Vol. 50

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Excerpt from Harper's Weekly, Vol. 50: January 6, 1906-June 30, 1906 Two seats on the New York Stock Exchange were sold last week for and another one the same (luv for The value of these. Seats has trebled, or more. Within ten years. They are desirable because they afford to a competent bolder a comparatively easy way to make money. There are only eleven hundred of them altogether, and the number cannot be increased. And as by far the greater part of the securities dealt in in this country change hands by means of the New York Stock Exchange, the eleven hundred brokers have a virtual monopoly of 1m enormous and in creasing business. We take it for granted that any judicious man who had his choice of what he altotlld do [or a living would ehoooe not to be a stock-broker. We find therefore that. The attractiveness of easy money-making outweiglta by nearly the natural dining-titration to engage in an objectionable calling. All observers may not agree that the calling is objectionable. It is a necessary calling. All will agree as to that. There must he more apparatus for bring. Ins together the buyers and sellers of sororities and making prices at which they can trade. Inventors who want to buy stocks or bonds absolutely net-ii. As n rule. Brokers to not for them and somebody to constitute 1 market. But a snuill number of brokers could take core of all the real inventors. About. Ninety-nine-hundn'dtlis of the stock-broker? Businecs is done for speculators. Who buy stocks that they believe will go up and sell stocks which they think will go down. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.