Note 52 — Chapter V · PUBLICITY IN EXCHANGE AFFAIRS; CAUTIONS AND PRECAUTIONS
Reading edition
One of the witnesses before the Hughes Committee actually recommended that the stock ticker be suppressed. Such a suggestion is silly and would lead to great confusion and many complaints from the public. The ticker is essential to publicity and offers the very protection which the Stock Exchange seeks to extend. Speculation was never so unscrupulous and wrongdoing never so abundant as in the days before this instrument was invented.