The Boise citizen., 1910-07-15
Supervision by Corporations

The other day the Western Union Telegraph Company abruptly
discontinued its ticker certain New York stock brokers'
presumably suspected Of improper practices The next day service
was restored presumably after such explanations as satisfied the
telegraph officials that the business of the brokers legitimate
would be made says the San Francisco Chronicle.
The dispatches that 'Wal Street long
opinion that the telegraph companies ought to exercise the
ervion their customers woudbe customers that reputable
newspapers exercise their advertising columns
The buying and selling OF stocks and bonds essential to the
conduct of business This city for example would probably find
impossible to dispose OF the bonds which marketing from
if there wholesale dealers bonds who buy
railroad and industrial corporations which need large OF money
and retail such
called popular loans have succeeded The bonds SELL
and finally have to be disposed wholesale those who know how
to find retail customers.
And there were not regular market supplied by stock brokers
stock exchanges those who had bought stocks bonds and
wished change their investments would find difficult and often
The district which we call Wal Street is the great American
market for these representations Of interests in legitimate enterprises
certain class OF people accustomed to denounce Wall Street
because is imagined to be den of nqliy 1t 1t
financial market without which modern civilization could
exist
Doubtless CRETE speculation in Wall Street
pecay the the year when there much idle money which
at any rate no worse speculate stocks than city
At any people will speculate What is considered egi
mate speculation is when the operator has substantial
buys Nobody speculate city lots unless he has money
pay good part Of the Neither any
late in stocks in any legitimate except conditions
He his for substantial interest IN his pur
But there is class of concerns known as bucket shops in
in stocks genuine But trhing
deposited security and actual transaction stocks intended
v either partv There is simply bet that certain stock will go
higher lower The transaction precisely as if
ing expecting dollars worth of land anywhere should bet
on te nce at which certain lot on Market street would be sold
That public gambling pure and simple 1t does not any
differ gambling carried ordinary pool
It against public morals TO carry on place Tor gan
ling stocks the telegraph essential The
give bucket shops from minute minute the prices
paid for securities actual transactions on the exchange and on
those reports the bets or lost
of the telegraph companies that they refuse TO
give that service only kind of fraud which the e
graph possible stock gambling and apparently the brokers
temporarily deprived running open bucket
shop But it was doubtless gambling form Of which they
suspected.
telegraph companies end to many forms OF public
gambling by Withholding necessary Economic forces
very powerful aids goods morals The requirement OF
railroads that employees shall alcoholic liquors great
promoter of oiet Corporate supervision Of public morals IN
many cases effective than any other supervision