Business & Finance: Exchange Ouster

Gong. At 10:30 of a busy morning on the New York Stock Exchange a gong clanged. All operations were suspended. Busy traders left their posts. Telephone clerks removed the receivers of their instruments from the hooks. Telegraph operators stopped their ticking. All looked up at the rostrum. On the little balcony appeared the cold, scholarly figure of Stock Exchange President Edward Henry Harriman Simmons. Amid a hush he announced that Member Herman W. Booth was expelled from the roster of the Exchange for "conduct inconsistent with just and equitable principles of trade." It...

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