The NYSE Myth of May 17, 1792

May 19, 2006

THE MYTH OF MAY 17, 1792 The actual birth of New York City's first public securities exchange association took place on September 01, 1791 [as further discussed in the following section]. This 1791 event constitutes the actual birth of the precursor of what became, in registered name, the "NYSE", on January 29, 1863. This 1791 birth event arrived 9 months earlier, and in telling contrast to the more limited and nefarious purposed May 17, 1792 "Under the Buttonwood" event, which event has been celebrated, and unstintingly promoted, by NYSE House historians as "The NYSE Birthday." So too has this potted history been widely acknowledged as such among most if not all financial astrologers. Americans seem addicted to their own home-grown mythologies. As if this never published May 17, 1792 price-fixing scheme, illegal under the laws of the State

of NewYork of 1792, might ever be compared favorably to the relative comprehensiveness of the 14 resolutions formalized by the Stock Dealers' Association's published Broadside of September 01, 1791. Even a cursory comparative review, if only of the form of the two documents, should confirm the actual nature of the Buttonwood event as nothing more than a partisan and illegal get-rich-quick scheme connived in by New York Federalist Party cronies of Alexander Hamilton, all feeding and fattening at the public trough. The backers and heirs of the September 1st Exchange Association finally at long last regained control of what became in 1820 New York City's first in-house stock exchange, as evidenced by the Constitution of February 21, 1820, which they sponsored. This Constitution was not amended until March 1902; it remains in force today, notwithstanding further amending fostered by the rise of federal regulations from 1935 and after. STOCKS DEALERS' GOVERNANCE, 14 RULES ADOPTED: New York City, September 01, 1791 From the start, New York was the center of speculation and active trading. Initially, securities were sold at public indoor and outdoor auctions. Following on Alexander Hamilton’s Treasury Department policy measures on debt [= "stocks"], and the Bank of the United States, the increasing volumes of stocks trading undoubtedly attracted new players into these fledgling markets --- auctioneers, brokers, dealers, and investors. Increasing trading activity and more market players created new problems of trust and the honoring of contracts, even in this very small town that was the Wall Street community in the 1790s. Since the securities business was relatively new, the legal status of the business was unclear. Given these circumstances, groups of players soon considered ways to regulate themselves.

One such group met at the Merchants Coffee House "agreed to be governed" by a set of 14 Trading Rules of Practice, first put forth by the group's leading dealers, brokers, and auctioneers, who signed a publishable broadside on a Thursday, September 01, 1791. These were market practice Rules as standards governing stock trading by its members that were later printed and distributed for the public record, in broadside documentary form. More specifically: the 14 Rules of Governance dealt practically with such operating matters as contract enforcement and the provision of sanctions for events of default on traded contracts. Moreover, the Rules appear to have embodied what was then understood to be the functional separation of brokers from dealers/jobbers, standardized by British auctions practice. For example, one Rule prohibits the auctioneer from trading for his own account, a prohibition observed in the industry trading practice today.

However, a number of other practices were to prove subsequently without lasting institutional effect, because the typical volumes traded during this early period of economic development had not yet reached a minimum threshold of activity necessary to sustain them over the long run, Local markets' practice in a number of ways eventually reverted to a former pattern. Within just a decade, one Wall Street market leader since long forgotten by history, Nathaniel Prime [that's the Mr. "Prime" of the eponymous bankers' "Prime" Rate] acted as both dealer/jobber and broker in Wall Street stock trading. Acting at variance with the British practice, Mr. Prime combined the two functions, which the experts tell us carries the benefits of added liquidity to thin markets, which was the chronic condition of these markets during this period in American history. [P.S.: The establishment of New York City's Stock Dealers Association is

formally recorded in the original copy of the 14 adopted Resolutions of that day, published as the September 01, 1791 Broadside, long since archived. See the facsimile reproduced in Walter Werner & Steven T. Smith, WALL STREET [(New York: Columbia Univ. Press, 1991), see appendix C, pp. 190-191], and by the way, a misleadingly entitled book this turns out to be, given the scholarly nature of the summarization of Werner's rigorous appraisals of the historiography of early American corporations. Also see: Stuart Banner, who has maintained that the Association's Broadside is the historic first evidence of self-regulation by stock traders in America, in his ANGLO-AMERICAN SECURITIES REGULATION: Cultural and Political Roots, 1690-1860 (Cambridge: Cambridge University Press, 1998), 250-51.] [P.S.: Modern histories of Wall Street and the Stock Exchange appear to skate by the small-bone facts of record, the

historical detail often relevant to the interests of mundane astrologers. So especially to be recommended as indispensible, these two classic historical reference works: [01] Edmund C.Stedman, THE NEW YORK STOCK EXCHANGE (1905), in which pp. 63-66 one finds a transcript of the, long thought lost irretrievably, preliminary Constitution of 1817 (over its 3 years life found unworkable; the original recovered from the attic of a private residence in Newark, NJ, in 1900, 118 years later. And in which pp. 495-507 one finds the March 1902, Constitution and Rules for the Government of the NEW YORK STOCK EXCHANGE. This constitution, the last major revisions for the NYSE, before the Rules of the Game were nationalized by the Securities and Exchange Act of 1935 in the aftermath of the horrific 1929 market crash. (And 82 years after the establishment of the stile: NEW YORK STOCK EXCANGE.] Also: [02] Francis L. Eames, THE NEW YORK STOCK

EXCHANGE (1894), in which pp. 13-16 one finds a facsimile of the Buttonwood Agreement of May 17,1792; and in which pp. 19-26, the transcript of the Constitution of the New York Stock and Exchange Board, February 21, 1820.

Love cheap thrills? Enjoy PC-to-Phone calls to 30+ countries for just 2¢/min with Messenger with Voice.

May 19, 2006

You and Mr Jorge Angelino are research machines.

Best regards,

Vyas Munidas

-

" JohnTWB " <first_july_1776

Friday, May 19, 2006 1:37 PM

The NYSE Myth of May 17, 1792

>

> THE MYTH OF MAY 17, 1792

>

> The actual birth of New York City's first public securities exchange

> association took place on September 01, 1791 [as further discussed in the

> following section]. This 1791 event constitutes the actual birth of the

> precursor of what became, in registered name, the " NYSE " , on January 29,

> 1863. This 1791 birth event arrived 9 months earlier, and in telling

> contrast to the more limited and nefarious purposed May 17, 1792 " Under

> the Buttonwood " event, which event has been celebrated, and unstintingly

> promoted, by NYSE House historians as " The NYSE Birthday. " So too has this

> potted history been widely acknowledged as such among most if not all

> financial astrologers. Americans seem addicted to their own home-grown

> mythologies. As if this never published May 17, 1792 price-fixing scheme,

> illegal under the laws of the State of NewYork of 1792, might ever be

> compared favorably to the relative comprehensiveness of the 14 resolutions

> formalized by the Stock Dealers' Association's

> published Broadside of September 01, 1791. Even a cursory comparative

> review, if only of the form of the two documents, should confirm the

> actual nature of the Buttonwood event as nothing more than a partisan and

> illegal get-rich-quick scheme connived in by New York Federalist Party

> cronies of Alexander Hamilton, all feeding and fattening at the public

> trough. The backers and heirs of the September 1st Exchange Association

> finally at long last regained control of what became in 1820 New York

> City's first in-house stock exchange, as evidenced by the Constitution of

> February 21, 1820, which they sponsored. This Constitution was not amended

> until March 1902; it remains in force today, notwithstanding further

> amending fostered by the rise of federal regulations from 1935 and after.

>

> STOCKS DEALERS' GOVERNANCE, 14 RULES ADOPTED: New York City, September

> 01, 1791

>

> From the start, New York was the center of speculation and active

> trading. Initially, securities were sold at public indoor and outdoor

> auctions. Following on Alexander Hamilton's Treasury Department policy

> measures on debt [= " stocks " ], and the Bank of the United States, the

> increasing volumes of stocks trading undoubtedly attracted new players

> into these fledgling markets --- auctioneers, brokers, dealers, and

> investors. Increasing trading activity and more market players created new

> problems of trust and the honoring of contracts, even in this very small

> town that was the Wall Street community in the 1790s. Since the securities

> business was relatively new, the legal status of the business was unclear.

> Given these circumstances, groups of players soon considered ways to

> regulate themselves. One such group met at the Merchants Coffee House

> " agreed to be governed " by a set of 14 Trading Rules of Practice, first

> put forth by the group's leading dealers, brokers, and

> auctioneers, who signed a publishable broadside on a Thursday, September

> 01, 1791. These were market practice Rules as standards governing stock

> trading by its members that were later printed and distributed for the

> public record, in broadside documentary form.

>

> More specifically: the 14 Rules of Governance dealt practically with such

> operating matters as contract enforcement and the provision of sanctions

> for events of default on traded contracts. Moreover, the Rules appear to

> have embodied what was then understood to be the functional separation of

> brokers from dealers/jobbers, standardized by British auctions practice.

> For example, one Rule prohibits the auctioneer from trading for his own

> account, a prohibition observed in the industry trading practice today.

> However, a number of other practices were to prove subsequently without

> lasting institutional effect, because the typical volumes traded during

> this early period of economic development had not yet reached a minimum

> threshold of activity necessary to sustain them over the long run, Local

> markets' practice in a number of ways eventually reverted to a former

> pattern. Within just a decade, one Wall Street market leader since long

> forgotten by history, Nathaniel Prime

> [that's the Mr. " Prime " of the eponymous bankers' " Prime " Rate] acted as

> both dealer/jobber and broker in Wall Street stock trading. Acting at

> variance with the British practice, Mr. Prime combined the two functions,

> which the experts tell us carries the benefits of added liquidity to thin

> markets, which was the chronic condition of these markets during this

> period in American history.

>

> [P.S.: The establishment of New York City's Stock Dealers Association is

> formally recorded in the original copy of the 14 adopted Resolutions of

> that day, published as the September 01, 1791 Broadside, long since

> archived. See the facsimile reproduced in Walter Werner & Steven T. Smith,

> WALL STREET [(New York: Columbia Univ. Press, 1991), see appendix C, pp.

> 190-191], and by the way, a misleadingly entitled book this turns out to

> be, given the scholarly nature of the summarization of Werner's rigorous

> appraisals of the historiography of early American corporations. Also see:

> Stuart Banner, who has maintained that the Association's Broadside is the

> historic first evidence of self-regulation by stock traders in America, in

> his ANGLO-AMERICAN SECURITIES REGULATION: Cultural and Political Roots,

> 1690-1860 (Cambridge: Cambridge University Press, 1998), 250-51.]

>

> [P.S.: Modern histories of Wall Street and the Stock Exchange appear to

> skate by the small-bone facts of record, the historical detail often

> relevant to the interests of mundane astrologers. So especially to be

> recommended as indispensible, these two classic historical reference

> works: [01] Edmund C.Stedman, THE NEW YORK STOCK EXCHANGE (1905), in which

> pp. 63-66 one finds a transcript of the, long thought lost irretrievably,

> preliminary Constitution of 1817 (over its 3 years life found unworkable;

> the original recovered from the attic of a private residence in Newark,

> NJ, in 1900, 118 years later. And in which pp. 495-507 one finds the March

> 1902, Constitution and Rules for the Government of the NEW YORK STOCK

> EXCHANGE. This constitution, the last major revisions for the NYSE, before

> the Rules of the Game were nationalized by the Securities and Exchange Act

> of 1935 in the aftermath of the horrific 1929 market crash. (And 82 years

> after the establishment of the stile: NEW

> YORK STOCK EXCANGE.] Also: [02] Francis L. Eames, THE NEW YORK STOCK

> EXCHANGE (1894), in which pp. 13-16 one finds a facsimile of the

> Buttonwood Agreement of May 17,1792; and in which pp. 19-26, the

> transcript of the Constitution of the New York Stock and Exchange Board,

> February 21, 1820.

>

> Love cheap thrills? Enjoy PC-to-Phone calls to 30+ countries for just

> 2¢/min with Messenger with Voice.

May 19, 2006

John,

Many thanks for this. Have you any observations as

to validity of Sepharial's 4/22/1902 11:20 am NYC?

Thank you for your contributions, they are invaluable.

Tom

--- JohnTWB <first_july_1776 wrote:

>

> THE MYTH OF MAY 17, 1792

>

> The actual birth of New York City's first public

> securities exchange association took place on

> September 01, 1791 [as further discussed in the

> following section]. This 1791 event constitutes the

> actual birth of the precursor of what became, in

> registered name, the " NYSE " , on January 29, 1863.

> This 1791 birth event arrived 9 months earlier, and

> in telling contrast to the more limited and

> nefarious purposed May 17, 1792 " Under the

> Buttonwood " event, which event has been celebrated,

> and unstintingly promoted, by NYSE House historians

> as " The NYSE Birthday. " So too has this potted

> history been widely acknowledged as such among most

> if not all financial astrologers. Americans seem

> addicted to their own home-grown mythologies. As if

> this never published May 17, 1792 price-fixing

> scheme, illegal under the laws of the State of

> NewYork of 1792, might ever be compared favorably to

> the relative comprehensiveness of the 14 resolutions

> formalized by the Stock Dealers' Association's

> published Broadside of September 01, 1791. Even a

> cursory comparative review, if only of the form of

> the two documents, should confirm the actual nature

> of the Buttonwood event as nothing more than a

> partisan and illegal get-rich-quick scheme connived

> in by New York Federalist Party cronies of Alexander

> Hamilton, all feeding and fattening at the public

> trough. The backers and heirs of the September 1st

> Exchange Association finally at long last regained

> control of what became in 1820 New York City's first

> in-house stock exchange, as evidenced by the

> Constitution of February 21, 1820, which they

> sponsored. This Constitution was not amended until

> March 1902; it remains in force today,

> notwithstanding further amending fostered by the

> rise of federal regulations from 1935 and after.

>

> STOCKS DEALERS' GOVERNANCE, 14 RULES ADOPTED: New

> York City, September 01, 1791

>

> From the start, New York was the center of

> speculation and active trading. Initially,

> securities were sold at public indoor and outdoor

> auctions. Following on Alexander Hamilton’s Treasury

> Department policy measures on debt [= " stocks " ], and

> the Bank of the United States, the increasing

> volumes of stocks trading undoubtedly attracted new

> players into these fledgling markets ---

> auctioneers, brokers, dealers, and investors.

> Increasing trading activity and more market players

> created new problems of trust and the honoring of

> contracts, even in this very small town that was the

> Wall Street community in the 1790s. Since the

> securities business was relatively new, the legal

> status of the business was unclear. Given these

> circumstances, groups of players soon considered

> ways to regulate themselves. One such group met at

> the Merchants Coffee House " agreed to be governed "

> by a set of 14 Trading Rules of Practice, first put

> forth by the group's leading dealers, brokers, and

> auctioneers, who signed a publishable broadside on

> a Thursday, September 01, 1791. These were market

> practice Rules as standards governing stock trading

> by its members that were later printed and

> distributed for the public record, in broadside

> documentary form.

>

> More specifically: the 14 Rules of Governance

> dealt practically with such operating matters as

> contract enforcement and the provision of sanctions

> for events of default on traded contracts. Moreover,

> the Rules appear to have embodied what was then

> understood to be the functional separation of

> brokers from dealers/jobbers, standardized by

> British auctions practice. For example, one Rule

> prohibits the auctioneer from trading for his own

> account, a prohibition observed in the industry

> trading practice today. However, a number of other

> practices were to prove subsequently without lasting

> institutional effect, because the typical volumes

> traded during this early period of economic

> development had not yet reached a minimum threshold

> of activity necessary to sustain them over the long

> run, Local markets' practice in a number of ways

> eventually reverted to a former pattern. Within just

> a decade, one Wall Street market leader since long

> forgotten by history, Nathaniel Prime

> [that's the Mr. " Prime " of the eponymous bankers'

> " Prime " Rate] acted as both dealer/jobber and broker

> in Wall Street stock trading. Acting at variance

> with the British practice, Mr. Prime combined the

> two functions, which the experts tell us carries the

> benefits of added liquidity to thin markets, which

> was the chronic condition of these markets during

> this period in American history.

>

> [P.S.: The establishment of New York City's Stock

> Dealers Association is formally recorded in the

> original copy of the 14 adopted Resolutions of that

> day, published as the September 01, 1791 Broadside,

> long since archived. See the facsimile reproduced in

> Walter Werner & Steven T. Smith, WALL STREET [(New

> York: Columbia Univ. Press, 1991), see appendix C,

> pp. 190-191], and by the way, a misleadingly

> entitled book this turns out to be, given the

> scholarly nature of the summarization of Werner's

> rigorous appraisals of the historiography of early

> American corporations. Also see: Stuart Banner, who

> has maintained that the Association's Broadside is

> the historic first evidence of self-regulation by

> stock traders in America, in his ANGLO-AMERICAN

> SECURITIES REGULATION: Cultural and Political Roots,

> 1690-1860 (Cambridge: Cambridge University Press,

> 1998), 250-51.]

>

> [P.S.: Modern histories of Wall Street and the

> Stock Exchange appear to skate by the small-bone

> facts of record, the historical detail often

> relevant to the interests of mundane astrologers. So

> especially to be recommended as indispensible, these

> two classic historical reference works: [01] Edmund

> C.Stedman, THE NEW YORK STOCK EXCHANGE (1905), in

> which pp. 63-66 one finds a transcript of the, long

> thought lost irretrievably, preliminary Constitution

> of 1817 (over its 3 years life found unworkable; the

> original recovered from the attic of a private

> residence in Newark, NJ, in 1900, 118 years later.

> And in which pp. 495-507 one finds the March 1902,

> Constitution and Rules for the Government of the NEW

> YORK STOCK EXCHANGE. This constitution, the last

> major revisions for the NYSE, before the Rules of

> the Game were nationalized by the Securities and

> Exchange Act of 1935 in the aftermath of the

> horrific 1929 market crash. (And 82 years after the

> establishment of the stile: NEW

> YORK STOCK EXCANGE.] Also: [02] Francis L. Eames,

> THE NEW YORK STOCK EXCHANGE (1894), in which pp.

> 13-16 one finds a facsimile of the Buttonwood

> Agreement of May 17,1792; and in which pp. 19-26,

> the transcript of the Constitution of the New York

> Stock and Exchange Board, February 21, 1820.

>

> Love cheap thrills? Enjoy PC-to-Phone calls to 30+

> countries for just 2¢/min with Messenger with

Voice.

May 19, 2006

Hi Vyas, You and David and Sally and Chuck are conducting a very important investigation underway, regarding exchange trading and astrological prediction. All the more credible too for not discussing some one or another radix for the NYSE's May 17, 1792, its proclaimed birthday of dubious choice. For fear that I may have been misunderstood: I summarize, "The date is a waste of time for serious astrology". My post is only a small sampling of a much larger file devoted to this question. I hope some one in this group will study the radix possibilities for September 1, 1791 and come up with a chart to defend on SAMVA principles, however tentatively. Be that as it may. Cheers, JOHNVyas Munidas <muni>

wrote: You and Mr Jorge Angelino are research machines.Best regards,Vyas Munidas- "JohnTWB" <first_july_1776<samva >Friday, May 19, 2006 1:37 PM The NYSE Myth of May 17, 1792>> THE MYTH OF MAY 17, 1792>> The actual birth of New York City's first public securities exchange > association took place on September 01, 1791 [as further discussed in the > following section]. This 1791 event constitutes the actual birth of the > precursor of what became, in registered name, the "NYSE", on January 29, > 1863. This 1791 birth event arrived 9 months earlier, and in telling > contrast to the more limited and nefarious purposed May 17, 1792 "Under

> the Buttonwood" event, which event has been celebrated, and unstintingly > promoted, by NYSE House historians as "The NYSE Birthday." So too has this > potted history been widely acknowledged as such among most if not all > financial astrologers. Americans seem addicted to their own home-grown > mythologies. As if this never published May 17, 1792 price-fixing scheme, > illegal under the laws of the State of NewYork of 1792, might ever be > compared favorably to the relative comprehensiveness of the 14 resolutions > formalized by the Stock Dealers' Association's> published Broadside of September 01, 1791. Even a cursory comparative > review, if only of the form of the two documents, should confirm the > actual nature of the Buttonwood event as nothing more than a partisan and > illegal get-rich-quick scheme connived in by New York Federalist Party > cronies of Alexander Hamilton,

all feeding and fattening at the public > trough. The backers and heirs of the September 1st Exchange Association > finally at long last regained control of what became in 1820 New York > City's first in-house stock exchange, as evidenced by the Constitution of > February 21, 1820, which they sponsored. This Constitution was not amended > until March 1902; it remains in force today, notwithstanding further > amending fostered by the rise of federal regulations from 1935 and after.>> STOCKS DEALERS' GOVERNANCE, 14 RULES ADOPTED: New York City, September > 01, 1791>> From the start, New York was the center of speculation and active > trading. Initially, securities were sold at public indoor and outdoor > auctions. Following on Alexander Hamilton's Treasury Department policy > measures on debt [= "stocks"], and the Bank of the United States, the > increasing

volumes of stocks trading undoubtedly attracted new players > into these fledgling markets --- auctioneers, brokers, dealers, and > investors. Increasing trading activity and more market players created new > problems of trust and the honoring of contracts, even in this very small > town that was the Wall Street community in the 1790s. Since the securities > business was relatively new, the legal status of the business was unclear. > Given these circumstances, groups of players soon considered ways to > regulate themselves. One such group met at the Merchants Coffee House > "agreed to be governed" by a set of 14 Trading Rules of Practice, first > put forth by the group's leading dealers, brokers, and> auctioneers, who signed a publishable broadside on a Thursday, September > 01, 1791. These were market practice Rules as standards governing stock > trading by its members that were later

printed and distributed for the > public record, in broadside documentary form.>> More specifically: the 14 Rules of Governance dealt practically with such > operating matters as contract enforcement and the provision of sanctions > for events of default on traded contracts. Moreover, the Rules appear to > have embodied what was then understood to be the functional separation of > brokers from dealers/jobbers, standardized by British auctions practice. > For example, one Rule prohibits the auctioneer from trading for his own > account, a prohibition observed in the industry trading practice today. > However, a number of other practices were to prove subsequently without > lasting institutional effect, because the typical volumes traded during > this early period of economic development had not yet reached a minimum > threshold of activity necessary to sustain them over the long

run, Local > markets' practice in a number of ways eventually reverted to a former > pattern. Within just a decade, one Wall Street market leader since long > forgotten by history, Nathaniel Prime> [that's the Mr. "Prime" of the eponymous bankers' "Prime" Rate] acted as > both dealer/jobber and broker in Wall Street stock trading. Acting at > variance with the British practice, Mr. Prime combined the two functions, > which the experts tell us carries the benefits of added liquidity to thin > markets, which was the chronic condition of these markets during this > period in American history.>> [P.S.: The establishment of New York City's Stock Dealers Association is > formally recorded in the original copy of the 14 adopted Resolutions of > that day, published as the September 01, 1791 Broadside, long since > archived. See the facsimile reproduced in Walter Werner &

Steven T. Smith, > WALL STREET [(New York: Columbia Univ. Press, 1991), see appendix C, pp. > 190-191], and by the way, a misleadingly entitled book this turns out to > be, given the scholarly nature of the summarization of Werner's rigorous > appraisals of the historiography of early American corporations. Also see: > Stuart Banner, who has maintained that the Association's Broadside is the > historic first evidence of self-regulation by stock traders in America, in > his ANGLO-AMERICAN SECURITIES REGULATION: Cultural and Political Roots, > 1690-1860 (Cambridge: Cambridge University Press, 1998), 250-51.]>> [P.S.: Modern histories of Wall Street and the Stock Exchange appear to > skate by the small-bone facts of record, the historical detail often > relevant to the interests of mundane astrologers. So especially to be > recommended as indispensible, these two classic

historical reference > works: [01] Edmund C.Stedman, THE NEW YORK STOCK EXCHANGE (1905), in which > pp. 63-66 one finds a transcript of the, long thought lost irretrievably, > preliminary Constitution of 1817 (over its 3 years life found unworkable; > the original recovered from the attic of a private residence in Newark, > NJ, in 1900, 118 years later. And in which pp. 495-507 one finds the March > 1902, Constitution and Rules for the Government of the NEW YORK STOCK > EXCHANGE. This constitution, the last major revisions for the NYSE, before > the Rules of the Game were nationalized by the Securities and Exchange Act > of 1935 in the aftermath of the horrific 1929 market crash. (And 82 years > after the establishment of the stile: NEW> YORK STOCK EXCANGE.] Also: [02] Francis L. Eames, THE NEW YORK STOCK > EXCHANGE (1894), in which pp. 13-16 one finds a facsimile of the > Buttonwood

Agreement of May 17,1792; and in which pp. 19-26, the > transcript of the Constitution of the New York Stock and Exchange Board, > February 21, 1820.>>> > Love cheap thrills? Enjoy PC-to-Phone calls to 30+ countries for just > 2¢/min with Messenger with Voice.

Talk is cheap. Use Messenger to make PC-to-Phone calls. Great rates starting at 1¢/min.

May 19, 2006

Hi John, A rectified 5 Scorpio rising chart is attached. As a first pass this chart looks interesting for the NYSE. L2 Jupiter (wealth and financial services), L11 Mercury (income and trading) and L10 Sun (prominence and public trust) are all strong - indicative of this most powerful stock exchange in the world. The afflictions of L12 Venus to H6 (financial stability) and of L6 Mars to H9, H12, H3 and H4 and L12 Venus, all give scope for an event like the Great Depression of the 1930s. A distinction has to be made between the fortunes of

the nation and the stock exchange. This chart would be indicative of the strength and prosperity of the stock exchange, not the nation´s wealth and standing, which should be seen from the authentic mundane chart for the USA, although the two charts should broadly coincide in terms of income, wealth and financial stability in the major events of a bull and bear market. Best wishes, C - JohnTWB samva Friday, May 19, 2006 5:37 PM The NYSE Myth of May 17, 1792 THE MYTH OF MAY 17, 1792 The actual birth of New York City's first public securities exchange association took place on September 01, 1791 [as further discussed in the following section]. This 1791 event constitutes the actual birth of the precursor of what became, in registered name, the "NYSE", on January 29, 1863. This 1791 birth event arrived 9 months earlier, and in telling contrast to the more limited and nefarious purposed May 17, 1792 "Under the Buttonwood"

event, which event has been celebrated, and unstintingly promoted, by NYSE House historians as "The NYSE Birthday." So too has this potted history been widely acknowledged as such among most if not all financial astrologers. Americans seem addicted to their own home-grown mythologies. As if this never published May 17, 1792 price-fixing scheme, illegal under the laws of the State of NewYork of 1792, might ever be compared favorably to the relative comprehensiveness of the 14 resolutions formalized by the Stock Dealers' Association's published Broadside of September 01, 1791. Even a cursory comparative review, if only of the form of the two documents, should confirm the actual nature of the Buttonwood event as nothing more than a partisan and illegal get-rich-quick scheme connived in by New York Federalist Party cronies of Alexander Hamilton, all feeding and fattening at the public trough. The backers and heirs of the September 1st Exchange Association finally at long

last regained control of what became in 1820 New York City's first in-house stock exchange, as evidenced by the Constitution of February 21, 1820, which they sponsored. This Constitution was not amended until March 1902; it remains in force today, notwithstanding further amending fostered by the rise of federal regulations from 1935 and after. STOCKS DEALERS' GOVERNANCE, 14 RULES ADOPTED: New York City, September 01, 1791 From the start, New York was the center of speculation and active trading. Initially, securities were sold at public indoor and outdoor auctions. Following on Alexander Hamilton’s Treasury Department policy measures on debt [= "stocks"], and the Bank of the United States, the increasing volumes of stocks trading undoubtedly attracted new players into these fledgling markets --- auctioneers, brokers, dealers, and investors.

Increasing trading activity and more market players created new problems of trust and the honoring of contracts, even in this very small town that was the Wall Street community in the 1790s. Since the securities business was relatively new, the legal status of the business was unclear. Given these circumstances, groups of players soon considered ways to regulate themselves. One such group met at the Merchants Coffee House "agreed to be governed" by a set of 14 Trading Rules of Practice, first put forth by the group's leading dealers, brokers, and auctioneers, who signed a publishable broadside on a Thursday, September 01, 1791. These were market practice Rules as standards governing stock trading by its members that were later printed and distributed for the public record, in broadside documentary form. More specifically: the 14 Rules of Governance dealt practically with such operating matters as contract enforcement and the provision

of sanctions for events of default on traded contracts. Moreover, the Rules appear to have embodied what was then understood to be the functional separation of brokers from dealers/jobbers, standardized by British auctions practice. For example, one Rule prohibits the auctioneer from trading for his own account, a prohibition observed in the industry trading practice today. However, a number of other practices were to prove subsequently without lasting institutional effect, because the typical volumes traded during this early period of economic development had not yet reached a minimum threshold of activity necessary to sustain them over the long run, Local markets' practice in a number of ways eventually reverted to a former pattern. Within just a decade, one Wall Street market leader since long forgotten by history, Nathaniel Prime [that's the Mr. "Prime" of the eponymous bankers' "Prime" Rate] acted as both dealer/jobber and broker in Wall Street stock trading. Acting

at variance with the British practice, Mr. Prime combined the two functions, which the experts tell us carries the benefits of added liquidity to thin markets, which was the chronic condition of these markets during this period in American history. [P.S.: The establishment of New York City's Stock Dealers Association is formally recorded in the original copy of the 14 adopted Resolutions of that day, published as the September 01, 1791 Broadside, long since archived. See the facsimile reproduced in Walter Werner & Steven T. Smith, WALL STREET [(New York: Columbia Univ. Press, 1991), see appendix C, pp. 190-191], and by the way, a misleadingly entitled book this turns out to be, given the scholarly nature of the summarization of Werner's rigorous appraisals of the historiography of early American corporations. Also see: Stuart Banner, who has maintained that the Association's Broadside is the historic

first evidence of self-regulation by stock traders in America, in his ANGLO-AMERICAN SECURITIES REGULATION: Cultural and Political Roots, 1690-1860 (Cambridge: Cambridge University Press, 1998), 250-51.] [P.S.: Modern histories of Wall Street and the Stock Exchange appear to skate by the small-bone facts of record, the historical detail often relevant to the interests of mundane astrologers. So especially to be recommended as indispensible, these two classic historical reference works: [01] Edmund C.Stedman, THE NEW YORK STOCK EXCHANGE (1905), in which pp. 63-66 one finds a transcript of the, long thought lost irretrievably, preliminary Constitution of 1817 (over its 3 years life found unworkable; the original recovered from the attic of a private residence in Newark, NJ, in 1900, 118 years later. And in which pp. 495-507 one finds the March 1902, Constitution and Rules for the Government of the

NEW YORK STOCK EXCHANGE. This constitution, the last major revisions for the NYSE, before the Rules of the Game were nationalized by the Securities and Exchange Act of 1935 in the aftermath of the horrific 1929 market crash. (And 82 years after the establishment of the stile: NEW YORK STOCK EXCANGE.] Also: [02] Francis L. Eames, THE NEW YORK STOCK EXCHANGE (1894), in which pp. 13-16 one finds a facsimile of the Buttonwood Agreement of May 17,1792; and in which pp. 19-26, the transcript of the Constitution of the New York Stock and Exchange Board, February 21, 1820. .

May 19, 2006

Hi C Great first effort on your part. I just checked my file and am reminded that the principal players behind the promotion of the Association were Masons. I'm sure their choice of start date was determined by their reading of the astrological considerations of the "auspicious date and moment." I have a tentative and speculatively chosen chart for 13:30 hrs, 22Scorpio54 rising. Mercury 14Virgo01and Jupiter 13Virgo50 at the MC. Whatever and whichever, because of its historic significance the event deserves further investigation. Cheers, JOHN Cosmologer <cosmologer wrote: Hi John, A rectified 5 Scorpio rising chart is attached. As a first pass this chart looks interesting for the NYSE. L2 Jupiter (wealth and financial services), L11 Mercury (income and trading) and L10 Sun (prominence and public trust) are all strong - indicative of this most powerful stock exchange in the world. The afflictions of L12 Venus to H6 (financial stability) and of L6 Mars to H9, H12, H3 and H4 and L12 Venus, all give scope for an event like the Great Depression of the 1930s. A distinction has

to be made between the fortunes of the nation and the stock exchange. This chart would be indicative of the strength and prosperity of the stock exchange, not the nation´s wealth and standing, which should be seen from the authentic mundane chart for the USA, although the two charts should broadly coincide in terms of income, wealth and financial stability in the major events of a bull and bear market. Best wishes, C - JohnTWB samva Friday, May 19, 2006 5:37 PM The NYSE Myth of May 17, 1792 THE MYTH OF MAY 17, 1792 The actual birth of New York City's first public securities exchange association took place on September 01, 1791 [as further discussed in the following section]. This 1791 event constitutes the actual birth of the precursor of what became, in registered name, the "NYSE", on January 29, 1863. This 1791 birth event arrived 9 months earlier, and in telling contrast to the more limited and nefarious purposed May

17, 1792 "Under the Buttonwood" event, which event has been celebrated, and unstintingly promoted, by NYSE House historians as "The NYSE Birthday." So too has this potted history been widely acknowledged as such among most if not all financial astrologers. Americans seem addicted to their own home-grown mythologies. As if this never published May 17, 1792 price-fixing scheme, illegal under the laws of the State of NewYork of 1792, might ever be compared favorably to the relative comprehensiveness of the 14 resolutions formalized by the Stock Dealers' Association's published Broadside of September 01, 1791. Even a cursory comparative review, if only of the form of the two documents, should confirm the actual nature of the Buttonwood event as nothing more than a partisan and illegal get-rich-quick scheme connived in by New York Federalist Party cronies of Alexander Hamilton, all feeding and fattening at the public trough. The backers and heirs of the September 1st

Exchange Association finally at long last regained control of what became in 1820 New York City's first in-house stock exchange, as evidenced by the Constitution of February 21, 1820, which they sponsored. This Constitution was not amended until March 1902; it remains in force today, notwithstanding further amending fostered by the rise of federal regulations from 1935 and after. STOCKS DEALERS' GOVERNANCE, 14 RULES ADOPTED: New York City, September 01, 1791 From the start, New York was the center of speculation and active trading. Initially, securities were sold at public indoor and outdoor auctions. Following on Alexander Hamilton’s Treasury Department policy measures on debt [= "stocks"], and the Bank of the United States, the increasing volumes of stocks trading undoubtedly attracted new players into these fledgling markets ---

auctioneers, brokers, dealers, and investors. Increasing trading activity and more market players created new problems of trust and the honoring of contracts, even in this very small town that was the Wall Street community in the 1790s. Since the securities business was relatively new, the legal status of the business was unclear. Given these circumstances, groups of players soon considered ways to regulate themselves. One such group met at the Merchants Coffee House "agreed to be governed" by a set of 14 Trading Rules of Practice, first put forth by the group's leading dealers, brokers, and auctioneers, who signed a publishable broadside on a Thursday, September 01, 1791. These were market practice Rules as standards governing stock trading by its members that were later printed and distributed for the public record, in broadside documentary form. More specifically: the 14 Rules of Governance dealt practically with such operating

matters as contract enforcement and the provision of sanctions for events of default on traded contracts. Moreover, the Rules appear to have embodied what was then understood to be the functional separation of brokers from dealers/jobbers, standardized by British auctions practice. For example, one Rule prohibits the auctioneer from trading for his own account, a prohibition observed in the industry trading practice today. However, a number of other practices were to prove subsequently without lasting institutional effect, because the typical volumes traded during this early period of economic development had not yet reached a minimum threshold of activity necessary to sustain them over the long run, Local markets' practice in a number of ways eventually reverted to a former pattern. Within just a decade, one Wall Street market leader since long forgotten by history, Nathaniel Prime [that's the Mr. "Prime" of the eponymous bankers' "Prime" Rate] acted as both dealer/jobber

and broker in Wall Street stock trading. Acting at variance with the British practice, Mr. Prime combined the two functions, which the experts tell us carries the benefits of added liquidity to thin markets, which was the chronic condition of these markets during this period in American history. [P.S.: The establishment of New York City's Stock Dealers Association is formally recorded in the original copy of the 14 adopted Resolutions of that day, published as the September 01, 1791 Broadside, long since archived. See the facsimile reproduced in Walter Werner & Steven T. Smith, WALL STREET [(New York: Columbia Univ. Press, 1991), see appendix C, pp. 190-191], and by the way, a misleadingly entitled book this turns out to be, given the scholarly nature of the summarization of Werner's rigorous appraisals of the historiography of early American corporations. Also see: Stuart Banner, who has maintained

that the Association's Broadside is the historic first evidence of self-regulation by stock traders in America, in his ANGLO-AMERICAN SECURITIES REGULATION: Cultural and Political Roots, 1690-1860 (Cambridge: Cambridge University Press, 1998), 250-51.] [P.S.: Modern histories of Wall Street and the Stock Exchange appear to skate by the small-bone facts of record, the historical detail often relevant to the interests of mundane astrologers. So especially to be recommended as indispensible, these two classic historical reference works: [01] Edmund C.Stedman, THE NEW YORK STOCK EXCHANGE (1905), in which pp. 63-66 one finds a transcript of the, long thought lost irretrievably, preliminary Constitution of 1817 (over its 3 years life found unworkable; the original recovered from the attic of a private residence in Newark, NJ, in 1900, 118 years later. And in which pp. 495-507 one finds the March 1902,

Constitution and Rules for the Government of the NEW YORK STOCK EXCHANGE. This constitution, the last major revisions for the NYSE, before the Rules of the Game were nationalized by the Securities and Exchange Act of 1935 in the aftermath of the horrific 1929 market crash. (And 82 years after the establishment of the stile: NEW YORK STOCK EXCANGE.] Also: [02] Francis L. Eames, THE NEW YORK STOCK EXCHANGE (1894), in which pp. 13-16 one finds a facsimile of the Buttonwood Agreement of May 17,1792; and in which pp. 19-26, the transcript of the Constitution of the New York Stock and Exchange Board, February 21, 1820. . Tired of spam? Mail has the best

spam protection around

May 19, 2006

Dear John,

I don't think that the natal data is a waste of time for serious astrology -

certainly the opposite is true.

However if we consider Gold as a prime example, I think it would be near

impossible to find a natal chart. My approach is a simple one:- predict mass

psychology by understanding the condition of the planets and the signs they

sit in.

The planets exert their influence and it reflects in physically measurable

ways here on the Earth. One may use a barometer, thermometer and also

measure the positive-negative ion ratio in NY to gauge the sentiment.

Changes in these physically measurabe variables are mirrored in mass

psychology. This is scientifically documented. I personally have experience

with this and was astounded to see it in action. This made me realize that

the theoretical application of sound principles can predict the same without

need for physical measurement.

Sometimes when things don't fit into the paradigms we are used to, we have

to step back and consider the possibility that there is more to it and

different angles of approach. I believe that SA is founded on such

pioneering and research. Keep what works, refine it and throw out what

doesn't after rigourous testing.

Best regards,

Vyas Munidas

-

" JohnTWB " <first_july_1776

Friday, May 19, 2006 2:12 PM

Re: The NYSE Myth of May 17, 1792

> Hi Vyas,

>

> You and David and Sally and Chuck are conducting a very important

> investigation underway, regarding exchange trading and astrological

> prediction.

>

> All the more credible too for not discussing some one or another radix

> for the NYSE's May 17, 1792, its proclaimed birthday of dubious choice.

> For fear that I may have been misunderstood: I summarize, " The date is a

> waste of time for serious astrology " .

>

> My post is only a small sampling of a much larger file devoted to this

> question.

>

> I hope some one in this group will study the radix possibilities for

> September 1, 1791 and come up with a chart to defend on SAMVA principles,

> however tentatively.

>

> Be that as it may.

>

> Cheers,

>

> JOHN

>

> Vyas Munidas <muni> wrote:

> You and Mr Jorge Angelino are research machines.

>

> Best regards,

>

> Vyas Munidas

>

> -

> " JohnTWB " <first_july_1776

> <samva >

> Friday, May 19, 2006 1:37 PM

> The NYSE Myth of May 17, 1792

>

>>

>> THE MYTH OF MAY 17, 1792

>>

>> The actual birth of New York City's first public securities exchange

>> association took place on September 01, 1791 [as further discussed in the

>> following section]. This 1791 event constitutes the actual birth of the

>> precursor of what became, in registered name, the " NYSE " , on January 29,

>> 1863. This 1791 birth event arrived 9 months earlier, and in telling

>> contrast to the more limited and nefarious purposed May 17, 1792 " Under

>> the Buttonwood " event, which event has been celebrated, and unstintingly

>> promoted, by NYSE House historians as " The NYSE Birthday. " So too has

>> this

>> potted history been widely acknowledged as such among most if not all

>> financial astrologers. Americans seem addicted to their own home-grown

>> mythologies. As if this never published May 17, 1792 price-fixing scheme,

>> illegal under the laws of the State of NewYork of 1792, might ever be

>> compared favorably to the relative comprehensiveness of the 14

>> resolutions

>> formalized by the Stock Dealers' Association's

>> published Broadside of September 01, 1791. Even a cursory comparative

>> review, if only of the form of the two documents, should confirm the

>> actual nature of the Buttonwood event as nothing more than a partisan and

>> illegal get-rich-quick scheme connived in by New York Federalist Party

>> cronies of Alexander Hamilton, all feeding and fattening at the public

>> trough. The backers and heirs of the September 1st Exchange Association

>> finally at long last regained control of what became in 1820 New York

>> City's first in-house stock exchange, as evidenced by the Constitution of

>> February 21, 1820, which they sponsored. This Constitution was not

>> amended

>> until March 1902; it remains in force today, notwithstanding further

>> amending fostered by the rise of federal regulations from 1935 and after.

>>

>> STOCKS DEALERS' GOVERNANCE, 14 RULES ADOPTED: New York City, September

>> 01, 1791

>>

>> From the start, New York was the center of speculation and active

>> trading. Initially, securities were sold at public indoor and outdoor

>> auctions. Following on Alexander Hamilton's Treasury Department policy

>> measures on debt [= " stocks " ], and the Bank of the United States, the

>> increasing volumes of stocks trading undoubtedly attracted new players

>> into these fledgling markets --- auctioneers, brokers, dealers, and

>> investors. Increasing trading activity and more market players created

>> new

>> problems of trust and the honoring of contracts, even in this very small

>> town that was the Wall Street community in the 1790s. Since the

>> securities

>> business was relatively new, the legal status of the business was

>> unclear.

>> Given these circumstances, groups of players soon considered ways to

>> regulate themselves. One such group met at the Merchants Coffee House

>> " agreed to be governed " by a set of 14 Trading Rules of Practice, first

>> put forth by the group's leading dealers, brokers, and

>> auctioneers, who signed a publishable broadside on a Thursday, September

>> 01, 1791. These were market practice Rules as standards governing stock

>> trading by its members that were later printed and distributed for the

>> public record, in broadside documentary form.

>>

>> More specifically: the 14 Rules of Governance dealt practically with

>> such

>> operating matters as contract enforcement and the provision of sanctions

>> for events of default on traded contracts. Moreover, the Rules appear to

>> have embodied what was then understood to be the functional separation of

>> brokers from dealers/jobbers, standardized by British auctions practice.

>> For example, one Rule prohibits the auctioneer from trading for his own

>> account, a prohibition observed in the industry trading practice today.

>> However, a number of other practices were to prove subsequently without

>> lasting institutional effect, because the typical volumes traded during

>> this early period of economic development had not yet reached a minimum

>> threshold of activity necessary to sustain them over the long run, Local

>> markets' practice in a number of ways eventually reverted to a former

>> pattern. Within just a decade, one Wall Street market leader since long

>> forgotten by history, Nathaniel Prime

>> [that's the Mr. " Prime " of the eponymous bankers' " Prime " Rate] acted as

>> both dealer/jobber and broker in Wall Street stock trading. Acting at

>> variance with the British practice, Mr. Prime combined the two functions,

>> which the experts tell us carries the benefits of added liquidity to thin

>> markets, which was the chronic condition of these markets during this

>> period in American history.

>>

>> [P.S.: The establishment of New York City's Stock Dealers Association is

>> formally recorded in the original copy of the 14 adopted Resolutions of

>> that day, published as the September 01, 1791 Broadside, long since

>> archived. See the facsimile reproduced in Walter Werner & Steven T.

>> Smith,

>> WALL STREET [(New York: Columbia Univ. Press, 1991), see appendix C, pp.

>> 190-191], and by the way, a misleadingly entitled book this turns out to

>> be, given the scholarly nature of the summarization of Werner's rigorous

>> appraisals of the historiography of early American corporations. Also

>> see:

>> Stuart Banner, who has maintained that the Association's Broadside is the

>> historic first evidence of self-regulation by stock traders in America,

>> in

>> his ANGLO-AMERICAN SECURITIES REGULATION: Cultural and Political Roots,

>> 1690-1860 (Cambridge: Cambridge University Press, 1998), 250-51.]

>>

>> [P.S.: Modern histories of Wall Street and the Stock Exchange appear to

>> skate by the small-bone facts of record, the historical detail often

>> relevant to the interests of mundane astrologers. So especially to be

>> recommended as indispensible, these two classic historical reference

>> works: [01] Edmund C.Stedman, THE NEW YORK STOCK EXCHANGE (1905), in

>> which

>> pp. 63-66 one finds a transcript of the, long thought lost irretrievably,

>> preliminary Constitution of 1817 (over its 3 years life found unworkable;

>> the original recovered from the attic of a private residence in Newark,

>> NJ, in 1900, 118 years later. And in which pp. 495-507 one finds the

>> March

>> 1902, Constitution and Rules for the Government of the NEW YORK STOCK

>> EXCHANGE. This constitution, the last major revisions for the NYSE,

>> before

>> the Rules of the Game were nationalized by the Securities and Exchange

>> Act

>> of 1935 in the aftermath of the horrific 1929 market crash. (And 82 years

>> after the establishment of the stile: NEW

>> YORK STOCK EXCANGE.] Also: [02] Francis L. Eames, THE NEW YORK STOCK

>> EXCHANGE (1894), in which pp. 13-16 one finds a facsimile of the

>> Buttonwood Agreement of May 17,1792; and in which pp. 19-26, the

>> transcript of the Constitution of the New York Stock and Exchange Board,

>> February 21, 1820.

>>

>> Love cheap thrills? Enjoy PC-to-Phone calls to 30+ countries for just

>> 2¢/min with Messenger with Voice.

>

May 19, 2006

Dear John and list,

There is something else that I would like to mention. It's is of upmost

importance and should be well noted.

If you have access to price charts, you will see that Gold, DOW, SP500 and

most stock markets around the globe have taken a pounding over the last few

days. Certainly they all do not have the same natal chart. Mass psychology?

Yes, the idea holds water as the phenomenon regularly repeats itself.

Best regards,

Vyas Munidas

-

" JohnTWB " <first_july_1776

Friday, May 19, 2006 2:58 PM

Re: The NYSE Myth of May 17, 1792

> Hi C

>

> Great first effort on your part.

>

> I just checked my file and am reminded that the principal players behind

> the promotion of the Association were Masons.

>

> I'm sure their choice of start date was determined by their reading of

> the astrological considerations of the " auspicious date and moment. "

>

> I have a tentative and speculatively chosen chart for 13:30 hrs,

> 22Scorpio54 rising. Mercury 14Virgo01and Jupiter 13Virgo50 at the MC.

>

> Whatever and whichever, because of its historic significance the event

> deserves further investigation.

>

> Cheers,

>

> JOHN

>

> Cosmologer <cosmologer wrote:

> Hi John,

>

> A rectified 5 Scorpio rising chart is attached. As a first pass this

> chart looks interesting for the NYSE.

>

> L2 Jupiter (wealth and financial services), L11 Mercury (income and

> trading) and L10 Sun (prominence and public trust) are all strong -

> indicative of this most powerful stock exchange in the world.

>

> The afflictions of L12 Venus to H6 (financial stability) and of L6 Mars

> to H9, H12, H3 and H4 and L12 Venus, all give scope for an event like the

> Great Depression of the 1930s.

>

> A distinction has to be made between the fortunes of the nation and the

> stock exchange. This chart would be indicative of the strength and

> prosperity of the stock exchange, not the nation´s wealth and standing,

> which should be seen from the authentic mundane chart for the USA,

> although the two charts should broadly coincide in terms of income, wealth

> and financial stability in the major events of a bull and bear market.

>

> Best wishes,

>

> C

>

> -

> JohnTWB

> samva

> Friday, May 19, 2006 5:37 PM