Who Governs? by John H. Wood

Author:John H. Wood
Language: eng
Format: epub
ISBN: 9783030330835
Publisher: Springer International Publishing

The exchange between Martin and Commissioner Eicher initiated by the letter (in the box) highlights the different ideas of the Exchange’s problems. “The thing we are most worried about,” Martin replied on July 9, was the “lack of business.” He gave assurance of his “full cooperation, [but] I have been having a great deal of trouble working things out down here. [F]idelity insurance and the reserve fund have become more and more complex the further we have gone in attempting to develop them…. The speeding up of the war and the resultant dislocations have made it difficult to crystallize sentiment in the brokerage business.”What I referred to specifically in my desire to have the Commission spend more time on our problems was the necessity for all of us to study carefully means of maintaining and improving markets. I thoroughly appreciate the desirability of placing all reasonable safeguards to minimize the chances of customers losing money through methods of doing business by broker.

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