The Project Gutenberg eBook, The New York Stock Exchange and Public
Opinion, by Otto Hermann Kahn

This eBook is for the use of anyone anywhere at no cost and with
almost no restrictions whatsoever. You may copy it, give it away or
re-use it under the terms of the Project Gutenberg License included
with this eBook or online at www.gutenberg.org

Title: The New York Stock Exchange and Public Opinion
Remarks at Annual Dinner, Association of Stock Exchange Brokers, Held at the Astor Hotel, New York, January 24, 1917

Author: Otto Hermann Kahn

Release Date: July 11, 2009 [eBook #29379]

Language: English

Character set encoding: ISO-646-US (US-ASCII)

***START OF THE PROJECT GUTENBERG EBOOK THE NEW YORK STOCK EXCHANGE AND
PUBLIC OPINION***

E-text prepared by the Project Gutenberg Online Distributed Proofreading
Team (http://www.pgdp.net) from digital material generously made available
by Internet Archive/American Libraries
(http://www.archive.org/details/americana)

Note: Images of the original pages are available through
Internet Archive/American Libraries. See
http://www.archive.org/details/newyorkstockexch00kahnrich

THE NEW YORK STOCK EXCHANGE AND PUBLIC OPINION

by

OTTO H. KAHN

Remarks at Annual Dinner
Association of Stock Exchange Brokers
Held at the Astor Hotel, New York
January 24, 1917

Published by The New York Stock Exchange

The New York Stock Exchange

A couple of weeks ago I went to Washington to contradict under the
solemn obligation of my oath a gross and wanton calumny which, based
upon nothing but anonymous and irresponsible gossip, had been uttered
regarding my name.

On my way between New York and Washington, thinking that, once on the
stand, I might possibly be asked a number of questions more or less
within the general scope of the Committee's enquiry, I indulged in a
little mental exercise by putting myself through an imaginary
examination.

With your permission, I will read a few of these phantom questions and
answers:

Should the Exchange Be "Regulated"?

Question:

_There is a fairly widespread impression that the functions of the
Stock Exchange should be circumscribed and controlled by some
governmental authority; that it needs reforming from without. What have
you to say on that subject?_

Answer:

I need not point out to your Committee the necessity of differentiating
between