This is because there have been arbitrarily created by
these few tricksters many times more stocks than there is money in
existence. The amount of stock that any man can sell in one session of the
Exchange is limited only by the amount that he can offer for sale, and he
can offer any amount his tongue can utter; and he is not compelled and
cannot be compelled to show his ability to deliver what he has offered for
sale until after he has finished selling, which is the following day. You
will ask as I did: Can this be possible? You will find the answer I
found. It is so, and must continue to be so, or there will be no
stock-gambling. Mark me, for this statement is weighted with the greatest
import to you all. A member of this Exchange can sell as many shares of
stock at one session as he cares to offer. If any attempt is made at the
session he sells at to compel him either before or after he offers to sell
to show his ability to deliver, away goes the stock-gambling structure,
because from the very nature of the whole structure of stock-gambling the
same shares are sold and resold many times in each session and the seller
cannot know, much less show, that he can deliver until he first adjusts
with the buyer and the buyer cannot adjust until after he has become such
by buying.
Pages:
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180