The sun., 1919-06-07
CURB MARKET MUST
CLEAN UP OR QUIT
Cast Out Rascals and Purge
Lists Of Swindling Stocks
Is Swann's Order.
PRAISE FOR "THE SUN"
Newman Calls Broad st. Brok-
ers Crooks Who Squealed
When Stung.

II the curb brokers' do not end their
trickery. get rid OF the rascals. stop the
quotation Of worthless stocks and inyes-
tigate each security before putting It be-
fore the public. the city government will
declare the curb market a nuisance and
drive 1t out OF Broad street, where even
now 1t Is violating a city ordinance by
obstructing traffic.
District Attorney Swami said so yes
terday after the Grand Jury had heard
LOT Two Gays testimony regarding a few
OF the many oil stocks of doubtful value
which have been fed to the public nv
the cooperation of promoters ana Curb
brokers. He then went to City Hall with
Judge Rosalsky OF General Sessions and
John DAILY. chief inspector of the Police
Department Returning to the Criminal
Courts Building he found the Mayor in
entire accord with. his announcement
and ready to cooperate.
THE Mayor" said Judee Swann
pointed out that the brokers are in
Broad street only By tolerance of the
public, and that they must clean out thu
AuSean stable. A reasonable tine will
be given them to do this, and IL thew
fail the Police Department will be ready
TO act. The Mayor said he was delighted
with my attitude and that 1t was not
necessary Tor him to assure me that We
nave the support Of the administration. -
Newman Despises squeaIer..
While Judge Swami was visiting the
Mayor Paul A Newman, the broker of
10 Broad street who has been telling
Assistant District Attorney Doolin1
about his promotion of Rangeburnett
oil stock, visited the reporters room in
the Criminal Courts Building and gave
this ex parte testimony:
All those fellows on the curb are
crooks What's the sense Of denying
that? They are trying to make n ny
ing. 1t is true, but none of them ia nm
the level. If Rangeburnett could onlv
nave gone on three or four more DAYS
moro l would have had them all eating
out OF my hand and would have had all
the dough in the world. The trouble is
that j was the man who was putting out
the stock and all the brokers-hupdreds
OF them, all over the country-were
caught short when It dropped. The
whole gang was caught
NOW they come whining to the Dis
trict Attorney and they send a repre-
sentative of the Curb Market Associa-
ton to Judge Swami to see what can
be done to Newman. That's the whole
story of this Rangeburnett business. I
do not claim to be an angel, but hypoc-
risy makes me sick"
Threat by District Attorney,
Before going to City Hall the District
Attorney said:
THE Curb Market Association must
cast out the rascals who are swindling
the Investing public, and II they fail TO
clean out the swindlers and purge curb
lists OF worthless stocks they must
abide the consequences
The Curb Maket Association IL using
a part of the public street for the trans
action OF its business The streets are
intended for passage TO and fro and
cannot be INSTRUCTED by any individual
or association, and the Curb Market
\ Association and its members are there
merely at the sufferance OF the munich
pal authorities
There is no power in the Board of
Aldermen to grant permission to any
body of men to ohstruct any portion of
the public street permanently. 1t is
provided by the Penal Law that one who
obstructs or tends to obstruct a public
street or highway is guilty of main
tanning public nuisance, which Is pun
ishable by a penitentiary sentence not
exceeding three years.
The obstruction of this portion OF
the public streets is tolerated because OF