The Stock Exchange From Within. By William C. Van Antwerp.
(Effingham Wilson. 6s. net.)—Mr. Van Antwerp's book deals primarily with the New York Exchange, but it contains much that will be of interest to English readers. The author writes partly in defence of the profession to which he belongs and devotes a chapter to rebutting the charge of uselessness so often levelled against the stockbroker. He refers to the English Royal Commission of 1877 and to the
Hughes Commission (New York) of 1909, the report of which is set out in an appendix to his volume, as showing that the Stock Exchange is a necessity to the commercial life of the modern world, and one which it would be exceedingly difficult to submit to any system of strong external control, and this point is further emphasized by a reference to the German Exchange Act of 1896 and its injurious consequences, which led to the repealing Act of 1908. Mention may also be made of an interesting chapter comparing the New York Exchange with that of London, the figures of which, says Mr. Van Antwerp, are significant as showing England's complete supremacy in capital, credit, and the art of banking.
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