Abstract: The functions of the Stock Exchange -- The uses and abuses of speculation -- The bear and short selling -- The relationship between the banks and the Stock Exchange -- Publicity in exchange affairs; cautions and precautions -- Panics, and the crisis of 1907 -- A brief history of legislative attempts to restrain or suppress speculation -- The day on 'Change, with suggestions for beginners -- The London Stock Exchange, and comparisons with its New York prototype -- The Paris Bourse; a monopoly under government -- Appendix: the report of the Hughes Commission.
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