The proprietors of the Stock Exchange draw a great part of their
revenue, of course, from the entrance fees and subscriptions of the
members, who pay a rent, as it were, for their stands in the
market-place; and a considerable portion of the revenue comes from the
rent of the brokers' offices which form part of the building. The
interests of the proprietors are controlled by directors, who are called
Trustees and Managers. Before they can be appointed they must have been
proprietors for the preceding five years, and must hold at least ten
shares at the time of their nomination. Their task, as may easily be
imagined, is no light one. They are nine in number, as they have been
ever since the present constitution came into force at the beginning of
last century. It is theirs to provide a fitting market-place for the
important transactions carried on by the members and their clerks, who
number about 7,500 in all. To provide accommodation for such a
population, with all the requirements of ventilation, heating, and
lighting, as well as facilities for work at high pressure, which modern
business demands, would tax the organising capabilities of any body of
men. The principal officers of the Stock Exchange responsible to the
Managers are their Secretary, the Architect and Surveyor, and the
General Superintendent. It is not surprising that grumbling criticism is
sometimes heard; the matter for surprise is that there is not more of
it, especially considering the rapidity of the growth of the number of
members, and the difficulties in the way of extending the size of the
market-place. These difficulties are constantly being overcome; offices
are absorbed into the main area, corridors are swept away, the utmost
ingenuity is exercised in the creation of space.
Public-domain text, read in full here on John Shaqi.
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