New York Stock Exchange Postage Stamp

Front:
1792 1992 Virnwes ERICA EWG ORK, 29 1792 1992 NEW YORK STOCK EXCHA 17 1992 10199 29 200T ANNIVERSART NY HI

Back:
NEW YORK STOCK EXCHANGE First Day of Issue: May 17, 1992 First Issue Location: New York, New York In 1792 a group of 24 men convened under a buttonwood tree in New York to discuss their mutual interest in finances and investments. From this encounter, which took place on what is now Wall Street, evolved the world's largest marketplace for securities — the New York Stock Exchange (NYSE). The organization flour- ished during the early 19th century, but after the Panic of 1837, the exchange subsequently required all listed companies to provide public disclosures of financial records before offering stock. The exchange adopted its present name in 1863 and five years later offered its seats only through purchase from an existing member. Since the Great Depression of 1929, the NYSE has been regu- lated by the Securities and Exchange Commission. A corporation seeking to list on the NYSE must meet rigor- ous conditions. It must earn a minimum of $2.5 million before taxes, possess at least one million shares of out- standing stock, grant voting rights to common stockhold- ers and publish regular financial statements. No. 92-22 First Day of Issue Postcard Collection™ ©1992 Fleetwood, Cheyenne, WY 82008-0001 Original painting for the First Day of Issue Postcard by Shannon Stirnweis Heetwood