The Flash Press, Prostitutes and Wall Street

Long before DealBreaker came along to supply your Wall Street gossip news, there was the so-called "flash press," rag paper weeklies published for a few years in the 1840s specializing in suggestively lascivious subjects, Wall Street sex scandal, fallen women and descriptions of bare-knuckle boxing. The greatest of these, according to the New York Times Book Review, was "The Flash," which was published by William J. Snelling (who would go on to become the publisher of the Boston Herald) George Wilkes (a nineteenth century socialite) and George Wooldridge (who ran the Elssler Saloon at 300 Broadway).

They got themselves in a bit of hot water, however, when they took on Myer Levy, a prominent Wall Street banker who was sometimes called the "Adonis of Wall Street." Myer, the Flash claimed, was a "practical amalgamationist" because of his alleged affinity for sex with women of color.

As it turns out, fighting, whoring, Wall Street mischief and scandalizing tabloids are not recent inventions.

Here's how the Times tells the tale:

In the same issue as [society girl turned prostitute] Amanda Green's memoir -- the details of which were furnished by "Sly" Wooldridge -- was an attack written by Snelling on a Wall Street merchant named Myer Levy. Levy had an enemy, a stockbroker named Emanuel Hart, who fed Wooldridge some specifics of Levy's past, which Wooldridge passed on to Snelling, who dashed off a long calumnious piece alleging that Levy had worked as a "fancy man" for a prostitute and asserting that he was, among other things, lascivious, sordid and crapulous.

Levy complained to the New York district attorney, who promptly charged the three proprietors of The Flash with criminal libel and, in a separate charge, with obscenity.



Sex and the City (Circa 1840)
[New York Times]

Update:
Just in case you were wondering (we sure were) crapulous means "sick from excessive indulgence in liquor" or just perhaps refers to gluttony in general.

Comments

Posted by guest, Jun 02, 2008 8:41AM

crapulous?

Posted by guest, Jun 02, 2008 8:53AM

and this has to do with...

Posted by guest, Jun 02, 2008 8:58AM

If it wasn't for rags like that I would never have learnt to write. It gives me the fantods just thinking about it.
~The Irritated Ghost of Mark Twain.

Posted by guest, Jun 02, 2008 9:19AM

@ 8:53, historical perspective is good. Carney's point was that things haven't really changed much on Wall Street. Money, sex, and gossip.

The one factoid that I still remember from an undergraduate Roman Civilization course was an annecdote about a private tax-collection company that had bid for the right to collect taxes in some jerkwater province like Phonecia; there were unhappy with their haul, and successfully sued the senate to weasel out of the contract. Not a whole lot has changed in business two thousand years later.

Posted by John Carney, Jun 02, 2008 9:25AM

Thanks 9:19. That's exactly the point.

Also, we're pretty obsessed with forgotten Wall Street history. Until this weekend, we had never heard of "the Adonis of Wall Street." Certainly recovering that title from the dustbin of history is valuable in itself.

Posted by guest, Jun 02, 2008 9:32AM

"The Adonis of Wall Street" is a sobriquet that certainly begs to be dusted off and re-used, even if Bess tags someone with it ironically.

Posted by guest, Jun 02, 2008 9:39AM

@9:32 i think we all know who that is

Posted by guest, Jun 02, 2008 9:41AM

Pretty sure Phoenicia was long gone by the time of the Roman Senate

Posted by Finnegan, Jun 02, 2008 9:43AM

"practical amalgamationist"... that should be a college major (or maybe it already is).

Posted by girl, Jun 02, 2008 9:52AM

Carney, men aren't socialites, they are gentlemen of leisure. You of all people should know this.

Posted by guest, Jun 02, 2008 9:57AM

The Phoenicians were clobbered by Pompey The Great, an event that was commemorated in coins with his face on one side, and the prows of captured Phoenician warships on the reverse, so they would have been paying Roman taxes for quite some time after that.

And is a "practical amalgamationist" some kind of dental assistant?

Posted by John Carney, Jun 02, 2008 10:01AM

Girl,

I agree that the term is a bit of a misnomer when applied to men. The historical term was something like "gentleman about town." I was just trying to bring it up to date for those who learn about Society from the pages of Page Six.

Posted by big r, Jun 02, 2008 10:04AM

where else would we learn about society?

Posted by guest, Jun 02, 2008 10:09AM

@9:57 thank you for the wikipedia entry, except that the territory of phoenicia was already conquered by persians, syrians, etc. by that time and there was basically no phoenicia left, you might as well say phoenicians are currently paying taxes to syria, lebanon, and israel right now.

Posted by girl, Jun 02, 2008 10:12AM

Wise choice, Carney.

I like "gentleman about town" by the way. Runs a close second to "dandy" which really needs to be resurrected.

@ big r: By leaving the confines of one's desk and being part of it, i'd venture.

Posted by Investorcluzo, Jun 02, 2008 10:29AM

girl - you're almost as active as carney this morning. what were you and 1-2 up to this weekend (out east in the ford eagle)?

Posted by girl, Jun 02, 2008 10:40AM

Cluzo, just so I don't have to dodge this question every Monday- the answer is/ will always be no :) I was in chicago.

Posted by guest, Jun 02, 2008 11:10AM

girl only guilty people dodge questions. the innocent answer with a straighforward no. which is it?

Posted by guest, Jun 02, 2008 11:41AM

this place can absolutely push the boundaries of despicable at times.

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