Men and Mysteries of Wall Street (Classic Reprint)

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Excerpt from Men and Mysteries of Wall Street The farthest reach audacious speculation in our day is not without a definite background of conservatism. An age of steam has stringent need of immense balance-wheels. The sharp and fevered struggle for wealth has created a necessity for secure investment, and no man, however gigantic may be the balances of his ledgers, feels himself safely over the bridge of fortune until his assets assume the shape of quickly realizable values. Hence the ease with which national debts are now funded and joint-stock enterprises are set on foot. With an instantaneous exchangeable value for all kinds of property in the world's market, and an average certainty of return to invested capital, mankind would deem itself not far from the threshold of the millennium. And it is because civilization has as yet failed to make adequate progress in this direction with reference to the products of agriculture and machinery, that great money-marts have arisen and expanded into paramount importance. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.