Settlement days, London Stock Exchange, 344, 349; N. Y. Stock Exchange, 345; comparisons, 351. Settling Room, in London, 372. Shanghai Stock Exchange, 62. Sherman Law, 199*. Short selling, opinion of Prof. Huebner, 78; legalized in Paris, 402*; opinion of Court, 416; opinion of Hughes Commission, 420. Silver purchasing clause, repeal of, 199*. Smith, Adam, on Speculation, 37. Smith, Adam, _The Wealth of Nations_, 37. Smith, C. W., on depressions 219*. Smith Herbert Knox, on hedging cotton, 94. Smith, Hopkinson, on methods of brokers, 292. Smollett, on South Sea Bubble, 325–6. South Sea Bubble, 226, 325. Spanish government bonds, as affected by war, 368. Specialists, duties of, 278; vindications of, 279; opinion of Hughes Commission, 426. Speculation, a feature of all enterprise, 38. Speculation, in America contrasted with that abroad, 62. Speculation, in American development, 307; contrasted with England, 366; in France, 408–9. Speculation, in China, 62. Speculation, in Egypt, 62. Speculation, in France, 62. Speculation, in Gold, (1864, 1866), 250. Speculation, in London, 62. Speculation, in relation to investment, 44. Speculation, J. S. Mill, 47. Speculation not gambling, 53, 54, 416, 417, 419, 421. _Speculation on the Stock & Produce Exchanges of the U. S._, by Henry Crosby Emery, 49*. Speculation, opinion by Judge Grosscup, 65. Speculation, opinion by U. S. Supreme Court, 66. Speculation, origin of the word, 36. _Speculation, Some Thoughts on_, by Frank Fayant, 32*, 68*, 239, 252*. Speculation, as distinguished from trading, 74. Sponsors of candidates for memberships, 272. Sportsmen on ’Change, 317. Stamp Tax, N. Y., 75; in London, 355. Stanhope, Edward, on incorporation of London Stock Exchange, 232. State Banks contrasted with National Banks, 103. _Statist, The_ (London) on Hughes Investigation, 256. Stockbrokers in London (See London Stock Exchange); in Paris, (Paris Bourse). Stock certificates, registered and bearer, 365. Stock companies in France, 410–11. _Stock Exchange and The Money Market_, by Horace White, 102. Stock Exchange, Distinction between Wall Street and, 64. _Stock Exchange Law and Practice_, by W. A. Bewes, 379*. _Stock Exchange_ (London), by C. D. Ingall & G. Withers, 32*. Stock Exchange, N. Y., Rules governing brokers, 138; the day’s work 288 _et seq._ Stock Exchange, N. Y., the building, 304–5; history, 307; mechanism, 418. _Stock Exchange, Story of the_, by Chas. Duguid, 32*. _Stock Exchange, The_, by Francis W. Hirst, 32*, 45*. _Stock Exchange, The_ (London) Francis W. Hirst, 327*, 330*, 338, 367*. _Stock Exchange, The N. Y._, by Francis L. Eames, 32*. Stockholders, Rights of, 162, 164, 173*. _Stocks and Shares_, by Hartley Withers, 379*. “Switching,” 74.