The Gold Room And The New York Stock Exchange And Clearing House (1879)

The Gold Room and the New York Stock Exchange and Clearing House is a historical book written by Kinahan Cornwallis in 1879. The book provides a detailed account of the workings of the New York Stock Exchange and the Clearing House during the late 19th century. It also delves into the history and significance of the Gold Room, which was a trading floor for gold and other precious metals in New York City.The book begins with a brief history of the New York Stock Exchange and its evolution over time. It then goes on to describe the daily operations of the exchange, including the trading of stocks, bonds, and other securities. The author also explains the role of brokers and traders in the exchange and how they conduct their business.The second part of the book focuses on the Clearing House, which was established in 1853 to facilitate the settlement of transactions between banks. The author explains the functions of the Clearing House and how it helped to stabilize the banking system in New York during times of financial crisis.The final section of the book is dedicated to the Gold Room, which was a popular trading floor for gold and other precious metals during the late 1800s. The author describes the history of the Gold Room and the different types of gold traded there. He also provides insights into the unique culture and practices of the traders who worked in the Gold Room.Overall, The Gold Room and the New York Stock Exchange and Clearing House provides a fascinating look into the history of finance and commerce in New York City during the late 19th century. It is a valuable resource for anyone interested in the history of the stock market, banking, or the gold trade.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.