Word: froelick
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Dates: during 1930-1939
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Plans for the National Stock Exchange which sought a New Jersey charter were dropped, and a committee headed by Partner Howard Froelick of the big odd-lot house of De Coppet & Doremus launched a New Jersey Stock Exchange, an unincorporated association like the Big Board. President Whitney and all officials of the New York Stock Exchange promptly accepted similar positions in the New Jersey Exchange, thus branding it as official. Of the Big Board's 1,375 members all but 97 (chiefly inactive members like J. Pierpont Morgan and his son Junius) had applied for Jersey membership before...
...needed was a new home. President Whitney stopped off in Newark on his way in from Far Hills one morning to inspect Mayor Meyer Ellenstein's Centre Market, a big city-owned white elephant used partly as a parking garage. Mayor Frank Hague of Jersey City showed Founder Froelick Pennsylvania R. R.'s terminal. Real estate boomlets sprang up in both cities as brokers fought for options on office space. Finally President Whitney picked Newark's Centre Market for the exchange proper and Jersey City's Pennsylvania Terminal- equidistant between the old floor...
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