Show STOCK EXCHANGE A NECESSITY So far as the relations of the stock exchange ex cx- change to tire the community are concerned tho the grossest sort of misapprehension both of tho tire economic function of tho the exchange e as the great reat central market for securities where all buyers and nil all sellers meet and of tho the metho methods s and machinery employed a. a a misunderstand ing lag fostered and made grosser ro b by irre irre- journalism journalism contributes contributes to the popular conviction that tho the stock exchange ex cx- change as an nn institution is au an iniquitous ous thin thing No widely entertained view could possibly bo be moro Tho stock exchange performs a function for forthe tho the community quito quite as important as that performed by the tho railroad or tho the bauks banks It should no rio more bo be condemned as os an institution because of tho occasional occasional occa occa- delinquency lency of a member than thau should tho the United States government o because of frauds in tho de do- This i is merely a question of fair play Weekly |