By Thomas J. Dorsey, Tammy F. DeRosier, Paul L. Keeton, Susan L. Morrison, Joshua B. Parker

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On the morning of March 31 Ryan was summoned to appear before the Exchange’s Business Conduct Committee to explain the gyrations of Stutz. He might have thrown the question back at certain of his interrogators, whom he knew to be among the short sellers; instead, he explained to the committee that the scarcity of Stutz stock had apparently been brought about by the fact that he and his family now owned it all–and even, because of clerical confusion, had contracts for a few more shares than actually existed.

One confessor, a disaffected former Burns detective who subsequently recanted and backed up his recantation with an unbreakable alibi, may simply have been taking a devious revenge on his old employers. A man who came forward in 1924 to assume full responsibility for the explosion turned out to have been confined in San Quentin Prison at the time of it. As late as the end of the 1930s a New York police captain would occasionally assign a bright young detective to the case on the chance that a fresh mind might see it in some new perspective.

The monument consisted of the scars that were allowed to remain untouched on the north façade of 23 Wall Street. Ragged and eye-catching, an inch deep in places and suggesting moon craters as seen through a telescope, they were concentrated just under the sill of the second window from the building’s east end. No plaque explained them, or was necessary; the passer-by who stopped to stare at them soon came to draw the knowing and superior smile that a native bestows on a tourist anywhere. Exactly why they were not erased was not clear; on this as on so many other subjects, J.

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