Proceedings of the ... Annual Meeting of the National Board of Trade

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Page 88 - An Act making appropriations for the service of the Post Office Department for the fiscal year ending June thirtieth, eighteen hundred and eighty, and for other purposes...
Page 249 - People will endeavor to forecast the future and to make agreements according to their prophecy. Speculation of this kind by competent men is the self-adjustment of society to the probable. Its value is well known as a means of avoiding or mitigating catastrophes, equalizing prices and providing for periods of want.
Page 249 - Speculation of this kind by competent men is the selfadjustment of society to the probable. Its value is well known as a means of avoiding or mitigating catastrophes, equalizing prices, and providing for periods of want. It is true that the success of the strong induces imitation by the weak, and that incompetent persons bring themselves to ruin by undertaking to speculate in their turn.
Page 252 - They localize industrial risks among a commercial class whose special function it is to distribute surplus supplies over deficit times and places in such a way as to lessen the uncertainty of producers and consumers. 2. — They relieve producers and consumers from carrying a whole year's stock, enabling the...
Page xiii - To select, from among its members, a chairman and other officers, and to adopt such rules and regulations for the conduct of its business as it may deem advisable...
Page 32 - States releases of all claims against the United States for or on account of said bonds or certificates in such form as shall be prescribed by the Secretary of the Treasury and approved by the President of the United States.
Page 251 - They focus intelligence from all lands, and the prospects for the whole year, by bringing together minds trained to weigh such intelligence and to forecast the prospects.
Page 249 - It is true that the success of the strong induces imitation by the weak, and that incompetent persons bring themselves to ruin by undertaking to speculate in their turn. But legislatures and courts generally have recognized that the natural evolutions of a complex society are to be touched only with a very cautious hand, and that such coarse attempts at a remedy for the waste incident to every social function as a simple prohibition and laws to stop its being are harmful and vain.
Page 187 - These resolutions read as follows : Resolved, That there be appointed by the Chairman of this conference a committee of seven, to organize a Business Men's Monetary Reform League which shall have its main office in Chicago with branches in the various centers of the United States where local committees shall constitute the management. The object of this league shall be to carry on an active campaign of education and propaganda for monetary reform...
Page 45 - actually ascertained," and that the third clause be changed to read so that the return will be based on the last completed fiscal year prior to December 3ist, in cases where the fiscal year of a corporation is not the calendar year. Yours very truly, DELOITTE, PLENDER, GRIFFITHS Co., 49 Wall Street.

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