On January 28, 1790, Representative James Jackson of Georgia rose and spoke in the then very-young House of Representatives, meeting in New York City. Hispurpose:
to denounce high-speed traders.
“Three vessels, sir,” Rep. Jackson thundered, “have sailed within a fortnight from this port, freighted for speculation;
they are intended to purchase up
the State and othersecurities in the hands of the uninformed…
