The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-12-07

rangle measuring 1H feet by III feet.
surrounded by a wide arcade. which. AZ
well az the area itself. was. for general
accommodation. arranged INTO several
distinct parts. called walks. where
English and foreign merchants, and
other persons engaged In commercial
pursuits. as well as stockholders. daily
met =
The vast area was paved with real
Turkish stones of a small size. the gift.
according to tradition. of a merchant
who traded with Turkey. In the center.
on a pedestal surrounded by an iron
railing. was a statue Of Charles IL.
Just as a statue of Queen Victoria
stands In the center of the present Ex-
change. II was on the east side OF this
statue that the stockbrokers took up
their stand. or rather walk. as Il was
Their called.
II IL related that the stockholders
caused the walls Of this Royal Exchange
to esound with the din OF new projects.
and that no more striking scene could
be conceived han that presented in the
handsome area.
THE srave Fleming might be seen
making a bargain with the earnest
Venetian. The representatives of firms
from every civilized nation-the French
man with his vivacious tones. the Span
lard with his dignihec bearing, the
italian with his meiodious tongue
might be seen in all the variety of ma
tional costume: and the flowing garb OF
the Tur.. the fur-trimmed coat of the
Fleming. the long robe Of the Venetian.
the short cloak OF the Enslishman. were
S..0I.IzrSlx. a4rtIl.- a. -r~x A. .~~2
the painter to n scene so varied.
There. too. the sober manner OF the
citizen formed a strong contrast to the
c~ourtier who came to refill his empty
purse; and there. also. might be seen the
~broken-down merchant. pale. haggard.
and t~hreadbare. haunting the scene OF
his former glory, passing his o value
less time among those who scarcely
acknowledged his presense."
Drastic Legislation Wa Enacted n 1857
1t was doubtless dealings OF this
character which contributed to drastic
Legislation as early as 1897, to check
o ck-jobbing and to put a brake upon
the specializing mania which had broken
out for the nrst time in the history OF
the country. In the FIRST place the 1egis-
lation was most severe against anyone
acting as a broker without the license
OF the lord mayor. and he board OF
aldermen of the city Of London. Tho
curb broker, the curse OF the stock ex-
change Of today had already sprung up.
To show that he was licensed, the "au-
thorized broker was compelled to carry
on his person q silver medal or token.
with his name duly inscribed. bearing
on the diverse side the royal coat OF
arms OF the city OF London" This
toker had to be produced on the COM
pletion OF every bargain or the sum Of
40 shiilings forfeited.
The number was limited TO 100 and
fee paid 10 rs. license was 40 shillings;
their names had TO appear publicly In
the Royal Exchange as we'll as in the
Guild Hall and other public places.
All this was followed by further and
more drastic legislation. The brokers
and stockholders came unde such pub
lie disfavor that they decided to leave
the Royal Exchange. From here they
went in 1898 and tool up their abode In
Change Alley. a locality which they
made famous.
1t was here. about 1773. in the stock
Exchange Coffee House on T~hreadneedie
street, that the Stock Exchange went
through it's second stage on the way to
its present form.
Such were the beginnings OF the hrst
Stock Exchange of London and OF the
world.