. The progress of the Empire State a work devoted to the historical, financial, industrial, and literary development of New York. ally a partof the mighty system of transportation which contributes tothe wealth of the world by affording the facilities by whichproduction and consumption may be brought stock market promotes that mobility of capital bywhich continental enterprises are promoted and humanwants are filled. Its operations tend to regulate supplyand demand so that the one shall not be in excess of theother. It affords a conclusive test of values, and its widepublicity of
. The progress of the Empire State a work devoted to the historical, financial, industrial, and literary development of New York. ally a partof the mighty system of transportation which contributes tothe wealth of the world by affording the facilities by whichproduction and consumption may be brought stock market promotes that mobility of capital bywhich continental enterprises are promoted and humanwants are filled. Its operations tend to regulate supplyand demand so that the one shall not be in excess of theother. It affords a conclusive test of values, and its widepublicity of quotations safeguards investments and guaran-tees values in all parts of the country. The legitimate specu-lation which takes place in it has its economic value in that itmakes a continuous market in which investors can instantlyput their surplus earnings into securities and as quickly con-vert their securities into money. Thus it promotes thriftand enterprise, and gives to the commerce of the country anational leadership and community of purpose by whichnational life is expanded and the national power spread overthe ^^^e^t^^^r^ LOUIS WINDMULLER Merchant; horn in Westphalia, 1835; educated at gymnasiumat Munster; emigrated to United States in 1853; since thenQl of New York City, where he became a successful mer-chant. Has been associated with, and took part in founding theTitle Guarantee & Trust Co., the German-American Insurancethe German Alliance Insurance Co., Maiden Lane .SafeDeposit Co., Bond & Co.; is director of mostof these; is president Maiden Lane Savings Bank. One of thefounders and since 1889 treasurer of the Reform Club; one of thefounders and vice-president Queensboro Chamber of Commerce;managing director Board of Trade and Transportation; agitatedsuccessfully for improvement of our state canals; memberChamber of Commerce; and member of number of charitableinstitutions, including Legal Aid Society, of which he is treasurer;vice-president
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Keywords: ., bookcentury1900, bookdecade1910, bookidprogressofem, bookyear1913
