"The New York Stock Exchange and Public Opinion" by Otto H. Kahn is a discourse reflecting on the importance of the stock exchange in the American economy during the early 20th century amid growing public skepticism. It provides a snapshot of the era's financial climate through a speech given to stock exchange brokers. Kahn champions the stock exchange, underscoring its vital function and seeking to clarify its operations to a concerned public. He directly confronts criticisms of the Exchange, advocating for its defense and ethical practices. Kahn emphasizes the need for transparency to build trust with the public and lawmakers. In the end, the address calls for improved public relations, aiming to align the Exchange's practices with national interests and evolving ethical considerations.
The New York Stock Exchange and Public Opinion Remarks at Annual Dinner, Association of Stock Exchange Brokers, Held at the Astor Hotel, New York, January 24, 1917
By Otto H. Kahn
In a time of financial unease, a prominent figure defends a vital institution, urging greater openness to gain public trust and dispel misunderstandings.
Summary
About the AuthorOtto Hermann Kahn was an American investment banker, collector, philanthropist, and patron of the arts. Kahn was a well-known figure, appearing on the cover of Time magazine and was sometimes referred to as the "King of New York". In business, he was best known as a partner at Kuhn, Loeb & Co. who reorganized and consolidated railroads. In his personal life, he was a great patron of the arts, where among things, he served as the chairman of the Metropolitan Opera.
Otto Hermann Kahn was an American investment banker, collector, philanthropist, and patron of the arts. Kahn was a well-known figure, appearing on the cover of Time magazine and was sometimes referred to as the "King of New York". In business, he was best known as a partner at Kuhn, Loeb & Co. who reorganized and consolidated railroads. In his personal life, he was a great patron of the arts, where among things, he served as the chairman of the Metropolitan Opera.
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