Publisher's Synopsis
Excerpt from Stock Exchange Practices, Vol. 1: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Second Congress, First Session on S. Res. 84; April 11, 12, 18, 21, and 22, 1932
Mr. Whitney. I was going to add that the rule of the stock ex change to which I referred, with regard to demoralization or giving a fictitious value to the members' shares, applied both on opera tions for appreciation of values as well as for depreciation.
Senator bulkley. Does illegitimacy depend upon intent as well as the effect?
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