Excerpt from The Wall Street Point of View What it is: its area, population, and institutions. - The difference between natural and artificial conditions, the latter being the false standard of judgment by outsiders. - People decry Wall Street speculation without a correct knowledge of its character. - The Street is not a gambler's paradise, but a place where hard, honest work tells. - It is a public benefactor and once, at least, saved the country. - The center to which the surplus money of the world flows for investment. The district known as Wall Street embraces more wealth in proportion to area than any other space of similar dimensions in the world. Considering even the mere thoroughfare known by that name and extending from Trinity Church to the East River, the same assertion holds good. This latter limit is the one mentally placed by the great majority of our people upon the financial heart of the country, that throbs with the daily ebb and flow of millions, infusing life into all our vast enterprises. The Wall Street region includes in its wealthy grasp the large majority of New York banks and other financial institutions, including savings banks. It is the great center of the insurance companies, life, fire, and marine; of the great Trust Companies which command thousands of millions of capital, and are the custodians of many of the largest and most wealthy estates in the country. 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.

In this wide-ranging volume, a financial historian updates the first history of Wall Street, recounting the speculative fever of the 1990s and the scandals at Enron, Tyco, WorldCom, and Conseco. 27 halftones.

Excerpt from Wall Street in History The papers which form this volume were written by request for the May, June and July numbers of the Magazine of American History of the current year. The purpose in their production was to give the busy reading public a concise, authoritative, and informing account of the rise and development of Wall Street. No similar sketch having ever appeared in print - touching in historic continuity the salient features of the famous locality, from its first brush-fence to its present gold vaults - the whole field of inquiry must necessarily be explored for the material, which was finally gathered from an almost infinite variety of fragmentary and original sources. The wealth thus exhumed, in the way of fact and incident, would have filled many volumes. But for the general convenience, and in order to meet the popular demand for much in a small compass, the labor of condensation has been cheerfully performed, that the many-sided subject, in all its primitive, picturesque, political, social, and monetary aspects, may be presented in one brief, comprehensive and rapid survey. The first chapter Covers the century of settlement and savage warfare - inclusive of the period when New York for nearly fifty years was actually a walled city. The second chapter is devoted to the vicissitudes of Wall Street in the exciting times of the Revolution, and to its history as the seat of fashion, aristocracy, and the State Government, and also as the seat of the National Government for six eventful years, with President Washington a familiar figure, in his chariot drawn by six horses. The third chapter treats of the financial institutions which have made the street famous throughout the civilized world. 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.

Excerpt from Twenty-Eight Years in Wall Street The following pages are intended to throw some light on imperfectly known events connected with Wall Street speculation and investments, and also with the condition and progress of the country from a financial standpoint, during the twenty-eight years which I have experienced in the great money centre. The theme is worthy of an abler pen, but in the absence of other contributors to this branch of our National history, I venture the plain narrative of an active participator in the financial events of the times in which I have lived. 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.