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Brokers

( Originally Published 1918 )



A Broker is an agent who is employed to transact business for others. His province is to find buyers and sellers and bring them together to make their bargains, or to transact for them the business of such buying and selling. In law, he is regarded as a middleman, or intermediate negotiator between the principals on both sides of the negotiation conducted by him.

Classes of Brokers.óBrokers are divided into different classes, according to the nature of the property in which they deal.

Bill and Note Brokers are those who buy and sell for others drafts, bills of exchange, and notes.

Exchange Brokers buy and sell uncurrent money, and deal in exchange relating to money in different countries.

Insurance Brokers act for the owners of property in obtaining insurance upon it, settling losses, etc.

Merchandise Brokers buy and sell property, known as merchandise, for others.

Pawnbrokers, though called brokers, are really principals.

Real Estate Brokers buy and sell real estate or mortgages on real estate for others.

Shipping Brokers deal with the purchase and sale of vessels, procure freights, etc.

Stock Brokers buy and sell for others the stock and bonds of railroads, etc.

MERCHANDISE BROKER'S USUAL FORMS

Memorandum to Be Given to the Seller

New York, December 10, 19-.

MESSRS. WHITE, LUDLOW & CO.,
41 Broadway.

We have sold today on your account to William Holsworth, 450 22d St., the following goods : 1,000 ounces Sulphate of Quinine B. and G. at $2.75 per ounce.

Respectfully,

MERRIAM & CHAPIN, Brokers.

Memorandum to Be Given to the Buyer
New York, December 10, 19-.

MR. WILLIAM HOLSWORTH,
450 22d St.

We have today for your account, from White, Ludlow & Co., the following: i,000 ounces Sulphate of Quinine B. and G. at $2.75 per ounce.

Respectfully,

MERRIAM & CHAPIN, Brokers.



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