. The American metropolis, from Knickerbocker days to the present time;. on its original site. It is interesting to noticehow these banks that have grown so great in re-sources and business power have remained on thespots where they were planted, and have continuedtrue to the principles estabhshed by the founder oibanking in New York; and it seems to be morethan a coincidence that their immense developmentshould occur so close to the simple httle memorialthat covers Hamiltons dust. The Stock Exchange and similar bodies were notfounded by Hamilton, and their manner of doingbusiness would startl
. The American metropolis, from Knickerbocker days to the present time;. on its original site. It is interesting to noticehow these banks that have grown so great in re-sources and business power have remained on thespots where they were planted, and have continuedtrue to the principles estabhshed by the founder oibanking in New York; and it seems to be morethan a coincidence that their immense developmentshould occur so close to the simple httle memorialthat covers Hamiltons dust. The Stock Exchange and similar bodies were notfounded by Hamilton, and their manner of doingbusiness would startle such conservative old fogiesas he and Gallatin. Its transactions have amountedto nearly one and a half milhon shares of stock ina single day (mostly on paper). The privilege ofmembership, when it can be had, costs not lessthan §20,000. There is considerable difference be-tween the Stock Exchange and the Produce Ex-change, even though some of the methods of theStock Exchange have been followed in the ProduceExchange. We will mention a few of the great financial 176. UNION TRUST COMPANY. Nf \v Voik. Vol. Two, p. 176.
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