Suppose now that a husbandman, or an artisan, brings some production to market, and he comes at a time when there is no one to exchange with him,--is he to leave his calling and sit idle in the market-place?
In well-ordered States they are commonly those who are the weakest in bodily strength, and therefore of little use for any other purpose; their duty is to be in the market, and to give money in exchange for goods to those who desire to sell and to take money from those who desire to buy.
At present, a business of more than ten thousand lines means a second exchange.
Instead of individual batteries, one at each telephone, a large common battery was installed in the exchange itself.
As the final result of all these varying changes in switchboards and signals and batteries, there grew up the modern Telephone Exchange.
The idea of the exchange is somewhat older than the idea of the telephone itself.
Bell himself was perhaps the first to see the future of the telephone exchange.
When the first infant exchange for telephone service was born in Boston, in 1877, it was the tiny offspring of a burglar-alarm business operated by E.
The Holmes exchange was on the top floor of a little building, and in almost every other city the first exchange was as near the roof as possible, partly to save rent and partly because most of the wires were strung on roof-tops.
It has resolved personal worth into exchange value.
We see then: the means of production and of exchange, on whose foundation the bourgeoisie built itself up, were generated in feudal society.
Modern bourgeois society with its relations of production, of exchange and of property, a society that has conjured up such gigantic means of production and of exchange, is like the sorcerer, who is no longer able to control the powers of the nether world whom he has called up by his spells.
of dress was now accomplished, when a sudden doubt struck Cedric.
He began to watch the Stock Exchange columns of the paper with new interest.
He wished with all his heart that he had never been such a fool as to dabble on the Stock Exchange, but the only thing was to hold on; something decisive might happen any day and the shares would go up; he did not hope now for a profit, but he wanted to make good his loss.