4 MAY 1907, Page 28

The History, Law, and Practice of the Stock Exchange. By

A. P. Foley, B.A., and F. H. Carruthers Gould. (Sir I. Pitman and Sons. 5s. net.)--The Stock Exchange began in 1802 with five hundred subscribers; but, of course, the business which was thus formally arranged was of an earlier date. It began, one may say, with the National Debt. Then its transactions were enlarged when such enterprises as the East India Company and the South Sea Company came within its scope. Messrs. Paley and Gould give a summary of the history, and, as one might expect, a very detailed account of its present constitution and proceedings.