The Theory of Stock Exchange Speculation

by Arthur Crump

H. W. R.

[26] Letter to “Spectator,” of October 4th, 1873, Saxon-les-Bains: a Study in the Psychology of Gambling.

[27] In New York we have now any number of “bucket shops,” which certainly deserve the name of “gambling hells.”

H. W. R.

[28] To a certain degree the agricultural industry of the United States takes the place of the manufacturing industries in England. Our manufacturing industries, however, are not unworthy of serious consideration.

H. W. R.

[29] I do not think that this has been done yet in this country, principally because the necessary charter cannot be obtained, unless companies similar to the Oregon Transcontinental may be classed as such.

H. W. R.

[30] The generally large increase in speculation in the United States and all the incidents connected therewith are too well known, and too fresh in the minds of the reader, to need enumeration here.

H. W. R.