[1] United Copper was literally traded "on the curb" outside the New York Stock Exchange (NYSE).
In 1907, after its legal battles with Amalgamated had finally been settled,[2] United Copper again found itself the center of a scandal: in October, F. Augustus Heinze's brother, Otto Heinze, devised a scheme to corner the market in United Copper stock.
Heinze's plan was to move aggressively to purchase the stock of United Copper.
When the market realized his corner had failed, the stock price of United Copper collapsed.
So shocking was the collapse, that depositors rushed to pull the money out of the banks of F. Augustus Heinze.