The New York Stock Exchange and Public Opinion Remarks at Annual Dinner, Association of Stock Exchange Brokers, Held at the Astor Hotel, New York, January 24, 1917
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The New York Stock Exchange and Public Opinion Remarks at Annual Dinner, Association of Stock Exchange Brokers, Held at the Astor Hotel, New York, January 24, 1917 - Otto Hermann Kahn
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Title: The New York Stock Exchange and Public Opinion
Remarks at Annual Dinner, Association of Stock Exchange Brokers, Held at the Astor Hotel, New York, January 24, 1917
Author: Otto Hermann Kahn
Release Date: July 11, 2009 [eBook #29379]
Language: English
Character set encoding: ISO-8859-1
***START OF THE PROJECT GUTENBERG EBOOK THE NEW YORK STOCK EXCHANGE AND PUBLIC OPINION***
E-text prepared by the Project Gutenberg Online Distributed Proofreading Team
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The New York
Stock Exchange
AND
Public Opinion
By Otto H. Kahn
REMARKS AT ANNUAL DINNER
ASSOCIATION OF STOCK EXCHANGE BROKERS
HELD AT THE ASTOR HOTEL, NEW YORK
JANUARY 24, 1917
Published by The New York Stock Exchange
The New York
Stock Exchange
A couple of weeks ago I went to Washington to contradict under the solemn obligation of my oath a gross and wanton calumny which, based upon nothing but anonymous and irresponsible gossip, had been uttered regarding my name.
On my way between New York and Washington, thinking that, once on the stand, I might possibly be asked a number of questions more or less within the general scope of the Committee's enquiry, I indulged in a little mental exercise by putting myself through an imaginary examination.
With your permission, I will read a few of these phantom questions and answers:
Should the Exchange Be Regulated
?
Question:
There is a fairly widespread impression that the functions of the Stock Exchange should be circumscribed and controlled by some governmental authority; that it needs reforming from without. What have you to say on that subject?
Answer:
I need not point out to your Committee the necessity of differentiating between the Stock Exchange as such and those who use the Stock Exchange.
Most of the complaints against the Stock Exchange arise from the action of those outside of its organization and over whose conduct it has no control. No doubt there have at times been shortcomings and laxity of methods in the administration of the Stock Exchange just as