THERE is an increasing feeling throughout the United States that there has developed in recent years a power with which the Government is unable to cope, and which is beyond the control of the public. The steps by which this power has been centred in the hands of a few men are little known...
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FOREWORD The New York Stock Exchange can The be said to have been begun 125 years. Beginning ago 100 years of which it has of the passed under a formulated Constitution. Its beginning was three years after the adoption of the Constitution of the United States and the first meeting of Congress, three years...
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CYCLES AND STOCK MARKET RECORDS AN English economist whose unaffected humanity always made him remarkably readable, the late William Stanley Jevons, propounded the theory of a connection between commercial panics and spots on the sun. He gave a series of dates from the beginning of the seventeenth century, showing an apparent coincidence between the...
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INTRODUCTION IN an old Pennsylvanian almanac of the eighteenth century two qualities were postulated for success in business: first, application or industry, and second, thrift or frugality. The first without the second often leads to nothing. “A man if he knows not how to save as he gets, may keep his nose all his...
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PREFACE While the popular impression is probably the reverse, yet it is an undeniable fact that a far vaster sum of money is annually lost in this country through unwise investment, than through pure speculation. While many fortunes are constantly jeopardized and dissipated through what is known as speculation in stocks, bonds, grain-futures and...
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Like the English Constitution, the English credit system is a living thing, that has grown out of its past and is growing into its future. Past, present, and future are thus one continuing process, and no one can hope to understand its present, still less to peer into its future, unless he knows something...
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INTRODUCTION. There are times when a merchant will make almost any sacrifice to obtain ready money. He has entered into no rash speculations, and has only to meet the ordinary legitimate demands of his business, but in order to do so he is suddenly called upon to make a heavy and unexpected loss. To...
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INTRODUCTION The object of this book is simple and direct. All people need to invest their savings from time to time. They are in the way of knowing, from professional the book. experience in finance, what securities are best worthy of attention at certain periods ; and what should be avoided, and why. Most...
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A WORD BEFORE READING Property, what is it? and wealth, what does it include? Who shall control it? Who shall administer it? On what terms shall it be possessed and enjoyed? These questions pulse with human interest, and the average man is wholly absorbed by them. And so he ought to be. In the...
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Background The Richest Man in Babylon is a book by George Samuel Clason which dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing household finance, the characters in the parables learn simple lessons in financial wisdom. By basing these parables in ancient times, but involving...
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