This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

NY Town Defends Remington Factory Amid New Gun Ban

Stephens, the mayor, was disgusted by the news last month of 20 first-graders and six adults killed by a gunman at Sandy Hook Elementary School in Newtown, Conn. But he is critical of the New York state law approved last week banning certain semi-automatic rifles and large-capacity magazines and calling for background checks on ammunition purchases, among other measures. He dismisses the idea that there's an emotional link between Newtown and Ilion.

"Are people disappointed and distraught?" Stephens asked. "Do they feel bad and are they sad? Absolutely! Absolutely! I would never wish that on anyone, never. But as far as an emotional attachment between us and them, I don't see it."

Stephens voiced a sentiment heard frequently in this largely conservative area: New York's law and the sweeping gun regulation package proposed recently by President Barack Obama are wrongheaded.

The New York law, starting when Gov. Andrew Cuomo signed it Jan. 15, defined as illegal assault weapons semi-automatic rifles that accept detachable magazines and have one additional military-style feature such as a pistol grip, flash suppressor or bayonet mount. The old law required two such features.

At the State Bowling Center next to the Remington factory, Rod Brown said the weapon that the Newtown gunman used could easily have been a Smith & Wesson or a Browning instead of a Bushmaster model.

Kelley Holmes-Morton in her salon, Heads-R-Turning, said she is a National Rifle Association member who believes gun makers are not to blame. And Betty Watkins said as she pumped gas that the Second Amendment, about people's right to bear arms, is being "pushed around and misused."

Robbi Breit at the Sellers Avenue consignment shop seemed more conflicted than others in Ilion but still feels that closing Remington won't end gun violence.

"I cried my heart out" after Sandy Hook, she said. "I'm torn between both sides. But you can get another job. You can't get another kid."

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs