He argued the curb exchange served "no legitimate or beneficial purpose" and was a "gambling institution, pure and simple." He further cited laws relating to street use, arguing blocking the thoroughfare was illegal. In August 1907, for example, a Wall Street lawyer sent an open letter to the newspapers and the police commissioner, begging for the New York Curb Market on Broad Street to be immediately abolished as a public nuisance. >The noise caused by the curb market led to a number of attempts to shut it down. Orders for the purchase and sale of securities were shouted down from the windows of nearby brokerages, with the execution of the sale then shouted back up to the brokerage. As of 1907, the curb market operated starting at 10'clock in the morning, each day except Sundays, until a gong at 3 o'clock. There they were given a "little domain of asphalt" fenced off by the police on Broad Street between Exchange Place and Beaver Street, after Police Commissioner McAddo took office. >The curb brokers had been kicked out of the Mills Building front by 1907, and had moved to the pavement outside the Blair Building where cabbies lined up. These are curb brokers on Broad Street, around the 1900s it was common to trade stocks on the literal street: I coloured this photo, here's the original at Library of Congress. And remember, as long as you keep moving forward you'll get to where you want to go eventually, even if your steps aren't as big as you'd like. Edit 2: Just in case anyone saved this post, here's a couple of youtube channels I started watching recently: Great even if you're not interested in comics)Įdit: Labeled the links.
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