1/
'The Stock Exchange', (1911)
"(Ticker) Tape machines are to be found all over the States; you see them in secluded health resorts, where an enterprising New York broker may have taken a room in order to cater for the adventurous instincts of the tired millionaire.
'The Stock Exchange', (1911)
"(Ticker) Tape machines are to be found all over the States; you see them in secluded health resorts, where an enterprising New York broker may have taken a room in order to cater for the adventurous instincts of the tired millionaire.
2/ The same contrivance enables far away newspapers to give their readers a complete list of New York prices on the following morning. But for these machines and their extension the volume of speculation would be without doubt reduced enormously.
3/ It is difficult to see, now that the tape machine and the telephone have been perfected, how the invention of aids and facilities to speculation can go much further.
4/ By these means the actual prices of securities and the alluring bait of incessantly fluctuating favorites are kept before a naturally speculative public all the time.
5/ With a tape machine by his side the banker, the merchant, [and] the manufacturer can sip the sweet excitements of the Stock Exchange in his arm chair. To watch the tape machine is the main business of some, and the pleasure of others.
6/ Certainly, this invention is the grand cause of the expansion of speculative business. If it could be extinguished the Stock Exchange would probably be denuded of half its members and the other half would find their profits heavily reduced.
Fin/
The whole American public has been educated to the 'ticker'. Its services to the investor must be set against the stimulus it has given to gambling on the Stock Exchange."
'The Stock Exchange', William Hirst (1911)
The whole American public has been educated to the 'ticker'. Its services to the investor must be set against the stimulus it has given to gambling on the Stock Exchange."
'The Stock Exchange', William Hirst (1911)
