High Finance

By Otto H. Khan

Finance does not mean speculation--although speculation when it does not degenerate into mere gambling has a proper and legitimate place in the scheme of things economic. Finance most emphatically does not mean fleecing the public, nor fattening parasitically off the industry and commerce of the country. Finance cannot properly be held responsible for the exploits, good, bad or indifferent, of the man who, having made money at manufacturing, or mining, or in other commercial pursuits, blows into town, either physically or by telephone or telegraph, and goes on a financial spree, more or less prolonged. Finance means constructive work. It means mobilizing and organizing the wealth of the country so that the scattered monetary resources of the individuals may be united and guided into a mighty current of fruitful co-operation--a hundredfold, nay ten-thousandfold as potent as they would or could be in individual hands. Finance means promoting and facilitating the country's trade at home and abroad, creating new wealth, making new jobs for workmen. It means continuous study of the conditions prevailing throughout the world. It means daring and imagination combined with care and foresight and integrity, and hard, wearing work--much of it not compensated, because of every ten propositions submitted to the scrutiny or evolved by the brain of the financier who is duly careful of his reputation and conscious of his responsibility to the public, it is safe to say that not more than three materialize.

• Format: Paperback
• Language: English
• ISBN: 1539393380
• ISBN13: 9781539393382
• Release Date: October 2016
• Publisher: CreateSpace Independent Publishing Platform
• Length: 28 Pages
• Weight: 0.20 lbs.
• Dimensions: 9.0" x 0.1" x 6.0"