The machinery of the New York Stock Exchange last week clamped down on the soul of a boy three years out of high school. Seymour N. Sears Jr., 22, of Grantwood, N. J., "floor" telephone clerk for Miller, Hewitt & Dodge, brokers, became a partner of that firm and at the same time a member of the Exchange (the youngest so distinguished). Seats on the Exchange are currently worth $395,000. Young men who "buy" them at such prices raise the money by bonding themselves and insuring their lives in favor of their creditors, and give private noi.es for the sum....
To continue reading:
or
Log-In
