The Practice of Banking Volume 2; Embracing the Cases at Law and in Equity Bearing Upon All Branches of the Subject
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The Practice of Banking Volume 2; Embracing the Cases at Law and in Equity Bearing Upon All Branches of the Subject

The Practice of Banking Volume 2; Embracing the Cases at Law and in Equity Bearing Upon All Branches of the Subject


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1883 Excerpt: ...be able to get an allotment of shares, for the purpose of delivering to the buyer, at a price less than the buyer has agreed to pay for them. and concessionaires, and of the other persons connected therewith. Members, disregarding this caution are liable to be dealt with in such manner as the case may require. A list of prices of English and foreign stocks, shares, and other securities, permitted to be quoted, shall be published under the authority of the Committee; and no list shall be published and sold by a member without the sanction of the Committee. Allotment. In this way the list of applications for shares is rapidly filled. Then comes the allotment. Sometimes the shares remain for a while at a premium, but in general the desire to sell preponderates, and the premium rapidly drops and vanishes--the artificial object of inducing applications for shares no longer exists, the promoters are sellers instead of buyers, and the innocent allottee, who has embarked in the undertaking on the faith of the good opinion of others, implied, as he thought, in the premium at which the shares were dealt in, finds himself in possession of property which he must either sell at a great loss, or keep at perhaps a greater loss still. "That this mode of traffic on the Stock Exchange in its general outline is what happens in the case of worthless companies has been proved; and a few years ago, so universal had the system become, that to a great extent the same thing happened also in the case of companies of a bona fide character and presumably sound adventures. "In all cases, in order to get the shares taken up by the public, it seems to have become necessary to 1 support the issue, ' as it is called; that is, for the promoters to send brokers into the marke...


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Product Details
  • ISBN-13: 9781232199977
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 248
  • Spine Width: 13 mm
  • Width: 189 mm
  • ISBN-10: 1232199974
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 449 gr


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The Practice of Banking Volume 2; Embracing the Cases at Law and in Equity Bearing Upon All Branches of the Subject
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