Download or read book A Treatise on the Law of Stock-Brokers and Stock Exchanges, Vol. 1 of 2 written by John R. Dos Passos and published by Forgotten Books. This book was released on 2015-06-25 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from A Treatise on the Law of Stock-Brokers and Stock Exchanges, Vol. 1 of 2 According to a computation made in a financial journal of New York, the sales of shares, alone, of corporations, in the year 1904, upon the New York Stock Exchange, reached the enormous total of about one hundred and eighty millions (180,000,000), representing in cash, at one hundred dollars per share, the sum of eighteen billions of dollars ($18,000,000,000). When the aggregate transactions for the same period of the London Stock Exchange, the Paris Bourse, and the other well-known bourses of the Continent are added to those of the New York Stock Exchange, it will be appreciated that the capital involved, yearly, in the business of dealing in shares and other securities, reaches figures which are almost too vast for human comprehension. If one wishes to profitably study the financial and commercial history of this country, let him put in juxtaposition the lists of the New York Stock Exchange of 1882 and 1904 - the period intervening between the publication of the first and second editions of this work. They are worth volumes of general history. In view of these facts, the occupation of the Stock-broker, and the dealings on the Stock Exchanges, have become subjects of the profoundest concern and of a public interest which increases every year. 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.