You who are
turning over in your minds the consideration that your great body can make
new rules to render my discovery inoperative, are dealing with a shadow.
There is no rule or device that can prevent its working. There are one
thousand seats in the New York Stock Exchange. They are worth to-day
$95,000 apiece, or $95,000,000 in all. Their value is due to the fact that
this Exchange deals in between one and three million shares a day. Were
any attempt made to prevent the operation of my invention, transactions
would because of such attempt drop to five or ten thousand shares per day,
or to such transactions as represent stock that will be actually delivered
and actually paid for. To make my invention useless it must be made
impossible to buy or sell the same share of stock more than once at one
session, and short selling, which is now, as you know, the foundation of
the modern stock-gambling structure, must likewise be made impossible. If
this could be done the $95,000,000 worth of seats in the Exchange would be
worth less than five millions, and, what is of far greater import to all
the people, the financial world would be revolutionised. Men of Wall
Street, do not fool yourselves. My invention is a sure destroyer of the
greatest curse in the world, stock-gambling.
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