(Explained under " Grain.") There was a United States Supreme Court decision in the Chicago Board of Trade case, in which Judge Oliver Wendell Holmes concluded with the statement that transactions in "future" differ from mere gambling contracts. He said in part:
A method of attaching property or credits belonging to a debtor, but held for or owed to him by another. For example, suppose Robinson owes Brown $40, which the latter has not been able to collect. By a legal process, he attaches Robinson's bank account to the amount of the debt, or, as it is called, " garnishees " the account. In Massachusetts this process is called " trusteeing."
(or Gen'l). General - general mortgage.
See "General First Mortgage Bonds."
See "Fortnightly Settling-days."
It is difficult to understand why the word "first " should appear in such a title as the above, as it is used. In practice, such an issue is either not secured by a "first mortgage" at all, but is just a plain ugeneral mortgage " (see "General Mortgage Bond ") or is, at the best, a "first mortgage" on but an insignificant part of the property, in which case, "general and first mortgage " would be the proper title. To be sure, a " general first mortgage " may become a first lien after the earlier lien issues have been paid.
Money not appropriated for some particular purpose, but which may be used for general and miscellaneous expenses.
The same as "Indorsement in Blank."
1 Bars of pure gold. (Refer to "Assay Office Bar.")
Any unsound dishonest scheme or investment made to have all the appearances of honesty and soundness.
Described under " Black Friday."
The " Gold Exchange " grew out of speculation in gold during the Civil War, and was organized in 1864. It was here, i. e. the "Gold Room," as it was called, that the bull movement in gold was manipulated which resulted in the memorable collapse known as ." Black Friday," to which refer.