CHAPTER XII.

“CORNERS” AND THEIR EFFECT ON VALUES.

The Senate Committee on “Corners” and 95

“Futures.”—Speculation Beneficial to the Country at

Large.—A Regulator of Values, and an Important Agent

in the Prevention of Panics.-“Corners” in all kinds

of Business.—How A. T. Stewart made “Corners.”—All

Importing Firms deal in “Futures.”—Legislation

Against “Corners” would stop Enterprise and cause

Stagnation in Business.—Only the Conspirators

themselves get hurt in “Corners.”—The Black Friday

“Corner.”—Speculation in Grain Beneficial to

Consumers

Fifty years in Wall Street · 第 12 / 105 章