Last week Carroll S. Bayne, Manhattan broker, paid $230,000 for a seat on the New York Stock Exchange—new high price record.
In 1791 just after the new United States of America had fairly started on its history, stockbrokers met under a buttonwood tree at No. 68 Wall St. When the weather was good they swapped securities and stories and breathed the fresh air from New York Harbor. When it was bad they met in nearby coffee taverns. By 1817 public participation in corporate enterprises had grown to...
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