Bimetallic Standard

The use of two metals as a standard. (See next subject.)

Bimetallism

In reference to the currency question, the free coinage and use of both gold and silver as legal tender to any amount at a standard of value established by law, is known as " bimetallism; " the system of coinage by which both gold and silver coins (or any two metals) are recognized as legal tender to any amount.

Bingham

Bingham Mines Co. (Copper, lead, silver and gold.)

Biscuit

National Biscuit Co.

Bit

A term much in use upon the Pacific Coast as the equivalent of 12 1/2 cents. " Two bits " is the ordinary expression there for a " quarter " or 25c.

Bland Bill (Or Law)

See " Bland-allison Law."

Bland Dollar

Another name for the " standard silver dollar," but uncommonly so.

Blank Indorsement

See " Indorsement in Blank."

Blind Pool

When a group of individuals, firms, or corporations place their interests in a particular matter in the control of some one person - generally one of the group - for a definite time, agreeing that that one shall manage their interests without any instructions from the others, except as set forth at the outset, what is called a " blind pool " is formed. The members may, by the term of agreement, not even be allowed any information from the one in control during the life of the pool, unless the object for which it was formed shall have been sooner accomplished.

Sometimes the term " blind pool " is given to a corporation whose operations are completely shielded from the knowledge of its stockholders or the public, only those actually in the management or closely associated with the same, having any knowledge of the company's financial condition and earning ability.

Block

A " block of stock " or a " block of bonds " means a considerable amount of such security bought or sold in one transaction. The sale of 5,000 shares of stock at one time would be considered as a " block." Sometimes, when the securities of a corporation are offered for public sale or subscription, a certain amount of stock is required to be purchased with a given amount of bonds; these combinations of securities are known as " blocks."

Blotter

Commonly called a book of original entry. A book in which a first and temporary record of transactions are made, later to be transferred - " posted " - into books of more permanent record.

Blue-Sky Laws. See " Addenda."

Bnk

Bank.

Board

" On the board," meaning on the exchange. (Also see " Board Room.")

Board Man

A broker, being a member of some exchange, who goes upon the floor of such an exchange and transacts business. Such a man may buy and sell for his own firm or for some other; that is, a firm need not necessarily send upon the floor of an exchange some one of its members possessing a seat thereon, but may employ, at fixed rates of commission (see " Two-dollar Man "), some other member of the exchange to act in its stead. In any event, the one actually doing the business upon the exchange itself is called the " board man."