To the highest bidder goes to the spoils, but this bidder got his spoiled – which is what should happen…
Friday Fictioneers – Rochelle Wisoff-Fields posts a pic to write a 100 word story about.
This week it’s: investigative reporting
The Bidwell Exchange sign stirs up the town occasionally. It’s not a pretty part of our past. It was left because it’s antique-y.
Some people thought it was an old market where farmers brought their goods, traded currency, or bought and sold stock.
Well, that last part is true. J. Truman Bidwell, since the 1930’s, was a member and later chairman of the New York Stock Exchange. By 1962, he was indicted for income tax evasion; though acquitted, he was later found to be influence peddling.
Nothing really changes in the world of finance. I say just leave the damn sign up.
story line from:
New York Times obituary
J. TRUMAN BIDWELL, 83, DIES; EX-STOCK EXCHANGE OFFICIAL
By JOAN COOK
Published: February 19, 1987
J. Truman Bidwell, former chairman of the New York Stock Exchange and an exchange member for 55 years, died Tuesday in the Naples (Fla.) Community Hospital after suffering a stroke two weeks earlier. He was 83 years old and lived in Naples.
Mr. Bidwell was elected chairman of the exchange in May 1961, the first independent broker to be so honored.
As chairman, he was in charge of trading on the floor of the exchange and called upon to arbitrate disputes. The position, while influential, did not involve any administrative responsibility and was unpaid, except for a fee for attending governors meetings.
Mr. Bidwell resigned as chairman in February 1962 after his indictment by a Federal grand jury on charges of evading almost $60,000 in income taxes.
He was acquitted of the charge in January 1963 but was censured four months later by the stock exchange for giving gifts valued at more than $20,000 to personnel of brokerage concerns with which he did business without obtaining exchange permission. The exchange prohibits employees from giving gifts without special permission.
You are absolutely right. Some things never change!
Things, and greed – unfortunately. Randy
Unfortunately they don’t change. You’d think we’d know better by now but unfortunately we don’t seem to learn from our mistakes, as a society at least.
We do learn but in the wrong ways.
We learn to defraud via instruments that no one understands to tune of billions, or new Ponzi schemes, and lobbying in Congress for less and less oversight in the name of “deregulation means more money for investment” (Ha! investment into the wealthy’s pockets by stealing from everyone else) Randy
What a lot of research and factual information – others have said it but they don’t change do they. Once a banker – always a ….
your story matches the vibe of the photo of this old antique-y looking town.
Thanks for your comments.
The old style banks and bankers were local townspeople and generally decent people. The same way it used to be with local grocers, butchers, and all retail shops. Everyone knew everyone and life was much more intimate, fair, decent, and…
what am I smoking?
Wow! Nice take.The greedy will always prey on the rest of us, you showcased that brilliantly here.
Thank you. I like the word “brilliantly”. My writing talents were that obvious to you?
I’m as guilty as everyone else when it comes to greed, except I like compliments instead of stealing your money. Thanks for stopping by and commenting. I appreciate it. Randy
You really did your homework, and managed to tell the story in 100 words. I like the way you summed it up and ended your piece.
A bit of a departure from the usual pun and games, but told with a sharp edge. I like where the prompt took you and thank you for taking the rest of us along for the ride.
Thank you. Life, and my writings, are not all pun and games.
Thanks for riding along.
Thanks for teaching me something I didn’t know. I agree with you: leave the sign up. It’s a reminder of this piece of history. Thanks for looking this up and sharing the history.
I liked your last line in your prompt of:
The pigeons pay attention to me on the bench, cooing their appreciation for the crumbs I toss.
One can not be real rich unless ……
Loved the read.
One can not be real rich unless ……
one becomes real rich.
General Gho Gree Dei, 842 AD, Coin Dynasty
That is very true.
Clever of you to center your story around the Bidwell Exchange. Most of the writers I’ve read so far focused on the dancing girl. Dancing girls get all the attention, distracting us while people in the financial community rip us off! Ron
what dancing girls?
I missed dat.
(thanks for your comments – and yes, you are right. Wall Street and Corp America want to distract us with sex, lies, and rock n roll)
Corruption still shows it’s face.. just the name changes… great story.
same ball game, different field – right?
I gave up trying to find a single pun. What’s wrong? You okay?
I enjoyed this departure from you, for us. Bravo.
I gave up trying to find a single pun…”
Ha. That was your pun-ishment! Randy
We all have to depart-ure sometime.
Randy, I really like seeing the serious side of you in this well-researched, well-written piece. Good use of something that’s in the background and making it come to life.
Thanks for sharing the obit, which was interesting.
More things change the more they stay the same. Nice use of the prompt to prove that point.
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