The Story of the Stock Exchange Its History And Position
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Possibly the alteration of the Deed of Settlement, the splitting of the capital of the institution, the discussion of the amount of the holdings of its proprietors, loosened the spirit of reform and set it afoot. The Stock Exchange Benevolent Fund, formerly called the Decayed Members' Fund, has often been the object of criticism amongst members, as it has ever been the object of their generosity. In this year of ferment there sprang up a reformer in Mr. M. L. Craven. His contention was that the... Fund was a model to misers ; that the Committee of the Fund exercised too much caution ; that they did not distribute the charity with sufficient bounty. He pointed out that, although the Fund amounted to ^156, 000, or ;^" 167, 000 if sums which might be claimed on defaulters' estates were included ; although it earned interest amounting to ^5800 a year; although for the previous year the stewards had collected some ^11, 000, — the amount paid away in annuities and donations in the preceding year, including all expenses, was only ^7535.
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To quickly assess the difficulty of the text, read a short excerpt:
Possibly the alteration of the Deed of Settlement, the splitting of the capital of the institution, the discussion of the amount of the holdings of its proprietors, loosened the spirit of reform and set it afoot. The Stock Exchange Benevolent Fund, formerly called the Decayed Members' Fund, has often been the object of criticism amongst members, as it has ever been the object of their generosity. In this year of ferment there sprang up a reformer in Mr. M. L. Craven. His contention was that the... Fund was a model to misers ; that the Committee of the Fund exercised too much caution ; that they did not distribute the charity with sufficient bounty. He pointed out that, although the Fund amounted to ^156, 000, or ;^" 167, 000 if sums which might be claimed on defaulters' estates were included ; although it earned interest amounting to ^5800 a year; although for the previous year the stewards had collected some ^11, 000, — the amount paid away in annuities and donations in the preceding year, including all expenses, was only ^7535.
What to read after The Story of the Stock Exchange Its History And Position?
You can find similar books in the "Read Also" column, or choose other free books by Charles Duguid to read onlineMoreLess
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