Business: Police Work

Thrice in the past year has President Charles Richard Gay of the New York Stock Exchange gathered about him a well-groomed, able staff and set forth upon goodwill missions through those large sections of the U. S. where Wall Street is seriously regarded as a prime filling station on the wide road to Hell. Implicit in most of his many speeches was the message that the New York Stock Exchange had received a new revelation of its public duty.

Last week because the Stock Exchange failed to suspend a member until after his...

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