Business: Warrior's Delay

As the gong brought trading to an end on the New York Stock Exchange one afternoon last week a group of men stepped forth upon the rostrum high over the paper-littered floor. One member of the group was Exchange President Charles Richard Gay, another Alfred Emanuel Smith, who was there to make a plea for New York's United Hospital Fund. Clerks were still yelling, messengers scurrying, tickers clacking. When Mr. Smith was introduced to the brokers even the sound-amplifying system could scarcely be heard above the din.

"Louder!" cried the floor brokers,...

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