Satan's Invisible World Displayed; or, Despairing Democracy: A Study of Greater New YorkStead, W. T. (William Thomas)
History
Satan's Invisible World Displayed; or, Despairing Democracy: A Study of Greater New York
Stead, W. T. (William Thomas)
New York (N.Y.) -- Politics and government; Police -- New York (State) -- New York
are equally in vogue in New York, but any accident or incident would serve
to suggest a favourite combination of lucky numbers, which would be in
great request until some other incident arose to suggest a new
combination. You staked a cent and stood to win a dollar.
One of the most painful features of this policy gambling was the extent to
which it worked downwards, even to the children. Lads coming from school
would beg a cent in order to try their luck. As they could only pay by
attracting customers, it was impossible to run a policy shop in secrecy.
In less than a couple of days the police were perfectly well aware that a
policy shop had been opened, and it was therefore absolutely necessary to
secure the police in advance. This seems to have been done on strict
business principles, and the partnership between the various kings or
satraps, to whom the police farmed out the precinct, appears to have been
very harmonious.
Bucket-shop and gambling on the tape on the prices quoted on the Stock
Exchange is as common in New York as it is in London; but one ingenious
method of improving on the bucket-shop was brought to light in the course
of this investigation. The disadvantage of the gambling in _bonâ fide_
Stock Exchange securities is that they are often sluggish, and do not go
up and down with sufficient rapidity to stimulate the excitement of the
gambler. In New York a bogus commission agency established a system of
gambling which beat the bucket-shop hollow. Instead of waiting for the
arrival of genuine prices of real stocks, the genius who ran this
commission agency fixed up a tape machine in his office, and before
business started in the morning wrote out a series of about five hundred
different quotations for stock in purely imaginary companies. When his
gamblers had assembled, he turned a handle, and wound off his tape. He
made the stocks of course go up and down with the requisite rapidity, and
from a gaming point of view it was in every way but one superior to the
ordinary betting on the tape. The one exception, however, was a pretty
considerable drawback, for the proprietor of the establishment knew in
advance what figures would come out, and how the prices would fluctuate.
So long, however, as he did not bet himself, this made no difference to
those who wanted a flutter.
Into the ramifications of the gambling in New York it is not necessary to
follow the Committee in their painstaking investigation. It did not even
draw the line at the Chinese quarter; and those who wish to know all about
Fantah, and the mysteries of the Button Game, will find their curiosity
gratified if they read through the Report. All that need be said is that
no form of gambling was carried on at New York which had not the police
authorities as its protectors, and the rank and file as its patrons. Under
such circumstances, it is hardly to be expected that much progress will be
made in suppressing gambling in New York.
Public-domain text, read in full here on John Shaqi.
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