What it is: its area, population, and institutions.—The differ-

ence between natural and artificial conditions, the latter being

the false standard of judgment by outsiders. — People decry

Wall Street speculation without a correct knowledge of its char-

acter. —“The Street” is not a gambler's paradise, but a place

where hard, honest work tells. – It is a public benefactor, and

once, at least, saved the country. — The center to which the

surplus money of the world flows for investment. —This famous

street has the life-blood of railroads, upon which millions of

people have been enjoying a better living than they could get

elsewhere.

CHAPTER II.

THE STUDY of THE Stock MARKET

The powers of speculative fascination over a large number of

people.—Bad results of adopting second-hand opinions.—The

laws of speculation and investment must be studied profoundly.

— Fact and rumor should be carefully distinguished. — Hard

study of facts and real values generally leads to sound and accu-

rate conclusions.— It is also necessary to study the circum-

stances and events which cause real values to fluctuate. — How

natural laws eventually regulate values and reduce inflated ones

to their true basis.

CHAPTER III.

Money AND Usury .

Various opinions regarding interest and usury. — Why should

not compensation for the use of money be left to the freedom of

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