October 18: ON THIS DAY IN HISTORY
ON THIS DAY IN 1925, Eagle columnist Frederick Boyd Stevenson wrote, “The Brooklyn Daily Eagle offers a prize of one hundred and fifty dollars for the best constructive remedy that will check this chaos of crime in the United States … You probably know that the Brooklyn Eagle has been made the medium of an advertising campaign against crime in a series of advertisements now running in this paper and financed by churchmen, laymen, businessmen and public-spirited citizens. These full-page advertisements have been running every week for some time and will continue for several months. They have attracted wide attention not only in this city, but throughout the country, because of the unique method that has been presented to induce the general public to give heed to the crime menace that confronts us all. Many prominent newspapers in the West and South have requested the Eagle to send them mats and copies of the advertisements and the articles appearing in this paper in regard to this campaign, and they have been extensively reproduced. For the purpose of further stimulating the public interest in this most important question that is before us today, the Eagle has offered this prize of one hundred and fifty dollars — not that the money consideration is great, but as a test to determine how many people are seriously thinking of the welfare of their country and are willing to give the best that is within them to serve it in its hour of need.”
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ON THIS DAY IN 1929, the Eagle reported, “Stocks moved up and down in irregular fashion again today as bears and bulls battled each other. At times the bears had the better of the argument but in some instances those working for higher prices were on top. During the afternoon it looked like a draw with neither side willing to renew the struggle. Stocks which had recovered so sharply late yesterday dropped at the opening today on the unexpected increase of $88,000,000 in brokers’ loans. They rallied and fluctuated sharply between the highs and lows. Utility stocks met with a great deal of selling pressure, the principal target being Consolidated Gas. Montgomery Ward, International Combustion, Curtiss Wright and others declined easily. United States Steel, American Telephone and other pivotal issues held up well. Rails and oils were in most favor. Money was easy at 5 percent but other factors were not so constructive. General Motors sales were lower and some of the income statements for the third quarter were disappointing. Professional traders were pessimistic and there were not many who were very hopeful about higher prices in the near future.”
Brooklyn Boro
View MoreNew York City’s most populous borough, Brooklyn, is home to nearly 2.6 million residents. If Brooklyn were an independent city it would be the fourth largest city in the United States. While Brooklyn has become the epitome of ‘cool and hip’ in recent years, for those that were born here, raised families here and improved communities over the years, Brooklyn has never been ‘uncool’.