The history of the stock exchange is a fascinating and often over-looked aspect of financial history. In this book, authors Arthur Pierre Poley and Frank Herbert Carruthers Gould delve deep into the history, law, and practice of the stock exchange. Through a careful examination of primary sources and a detailed analysis of key events, this book provides a comprehensive overview of the stock exchange and its role in modern finance. This book is essential reading for anyone interested in finance, economics, or business history. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

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This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Excerpt from The Law and Practice of the Stock Exchange With Appendices: Containing the Rules and Regulations Annotated, and Forms of Instruments Accompanying a Mortgage of Securities At the present day, operations upon the Stock Exchange are conducted upon so vast and complex a scale, and so intimately affect the interests of the public, that a fresh attempt to explain the rules which regulate the conduct of business between member and member, and to elucidate the legal principles which govern the relations of members with the public, perhaps scarcely requires an apology. If an apology is needed, it must he found in the various new cases dealing with this branch of the law which have been decided by the courts during the last three or four years. Among the most important of these is that of the Metropolitan Coal Consumers' Co. v. Scrimgeour, in which the Court of Appeal have held that payments made to a broker in consideration of services rendered in placing the shares of a company, do not amount to issuing those shares at a discount, and are not illegal payments - a decision which it is now proposed to supplement by statute. Attention should also he drawn to those cases, such as Walter v. King, Petre v. Sutherland, and Sachs v. Spielmann, which seem to show that of late years the courts have relaxed something of the stringency of the rule which forbade a broker to deal with his principal in any other capacity than that of agent. 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.