LAME DUCK and TO CORNER:
"Lame duck" was used on Wall Street before politics. The following item
also beats by two years the DAE on "to corner." This is from the New York
Herald, 27 November 1835, pg. 2, col. 2:
MR. HERALD.--For the information of the uninitiated in the mysteries of
Wall street, will you be so good as to give in your valuable paper as lucid
an explanation as possible of the oft-used phrases "to be a lame duck," and
"to corner."
ANSWER.--First, "a lame duck" is one who cannot fulfil his contracts. If
he is a broker, his name is struck from the rolls of the board, and he cannot
again be admitted till all his engagements are fulfilled. If he is not a
broker, he is cut, and disappears from the street.
"To corner." A single individual, or a party of individuals, who have
actually bought up, and control all the stock of a company, and at the same
time, have employed brokers to buy the same stock _on time_, from third
persons, are said to have "cornered" that stock. It is synonymous to
monopolize or forestall
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