This Day and Age(1933)

The FIRST Great Spectacle of Modern Times.

A modern-day tale of gangsterism and revenge. After a notorious mobster murders a Jewish tailor and is let off for the crime, a band of outraged high-school students turns into vigilante crusaders hell-bent on punishing the wrongdoers. Memorable pre-Code moment: the students torturing a gangster by dangling him over a pit filled with rats.