PREFATORY REMARKS

In the present work the compiler has aimed to furnish a full and reliable history of the several stocks in the Boston market offered to Investors, — a large class, comprising not only capitalists so termed, but a host of persons of smaller means, who seek out some one of the various securities as an investment for their surplus means. The period included comprises the great Bank Panic which commenced in 1837, failures, depression of Bank stock, with reduction of dividends, its reinstatement in public confidence, the subsequent Railroad Panic, and the divers fluctuations which, during twenty years, most public stocks undergo. Copious notes have been added, with the view of relieving the dry details of figures, and imparting such information as was judged would prove useful and acceptable. In this compilation the utmost care has been taken to make it reliable, and thereby valuable for reference. The prices of Bank Stock, from 1834 to 1845, have been made up from actual public sales by auction, which afforded full quotations. The same applies to Insurance and Manufacturing Companies, as far as sales of the latter were made. Of Railroads, there were then comparatively few, and their stock was largely sold. From 1844 to the present time, we have consulted carefully prepared lists of prices made up by us, annually, for several years ; also, when necessary, sales by auction, at the Brokers’ Board, and for some of the earlier years, the carefully corrected prices of the day.

It should be observed that some stocks, as the Freemans’ and Hamilton Banks, for example, were seldom in the market in earlier years. Had they been freely offered, prices might have ruled higher or lower, in certain cases, according to the tone of the market. Of late years, stocks being daily called at the Brokers’ Board, quotations are obtained with fewer actual sales. We have omitted in some cases, small fractions, when not deemed essential in presenting the general rise or fall in the market.

The dividends of the several companies, in which accuracy is so desirable, are official.* Although a very considerable outlay of time, and expense for publication, has been incurred, the price of this pamphlet has been put at 25 cents, in hopes of insuring it a wide circulation among the very numerous class in the community who have occasion, from time to time, to invest in the various securities offering ; to whom, we trust, these pages will prove an acceptable work for consultation and reference.

To the officers of the respective Institutions who favored us with the dividends of the same, (several of them at considerable outlay of time and labor,) and to other gentlemen who have kindly taken an interest in the work, our thanks are tendered.

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