The Stock Exchange from WithinVan Antwerp, William C. (William Clarkson)
History
The Stock Exchange from Within
Van Antwerp, William C. (William Clarkson)
New York Stock Exchange; Stock exchanges
There is little need to speak of the New York Stock Exchange’s
charities and benefactions, because these are well known. Scarcely a
day passes that some one of the members does not ask of his fellows
a contribution, however small, for a worthy charity with which he or
the ladies of his family have come in contact, and invariably the mite
is freely given, although there may not be time to spare to hear the
story. The private and unostentatious benefactions of members go on at
all times, and cannot be discussed here.
When the _Titanic_ went down, a fund of $25,000 was raised in a day,
and a committee of members of the Exchange was on the pier when the
survivors arrived to do what could be done. The Mississippi floods
met with a similar response; indeed, every great calamity that spells
suffering and sorrow and need finds an instant expression of sympathy
and practical assistance from the floor. In times of national gravity,
such as an outbreak of war, the Exchange will always be heard from
with its volunteers and its funds for equipping a regiment; hospitals,
churches, and all worthy charities well know that appeals are responded
to with a zeal that is alike nonsectarian and generous.
Never in my experience on the floor have I heard a complaint from a
deserving employee of the Stock Exchange. Salaries are wisely increased
with length of service, pensions are given by the governors to aged
servants; hospitals, medical treatment, nurses, and sanitariums are
provided for the sick, and funds are supplied to families of deceased
employees. A spirit of helpfulness, sympathy, and generosity is in the
very air of the Stock Exchange, an absolutely fine spirit that takes
pride, too, in caring for its own members who have been unfortunate.
Finally, let it be said that the Stock Exchange man is human. He knows
the “rub of the green,” he suffers as all men suffer, but he does not
complain, nor solicit odds. All he asks is fair play; a little patient
study of what the Exchange stands for; a little better understanding
of its usefulness in our commercial life; a little recognition of each
man’s effort to uphold a high standard of business honor; a little of
the cordial support which he himself, with stout optimism, extends to
every worthy thing.
CHAPTER IX
THE LONDON STOCK EXCHANGE, AND COMPARISONS WITH ITS NEW YORK PROTOTYPE
Public-domain text, read in full here on John Shaqi.
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