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From The Collaborative International Dictionary of English v.0.48:
Guttersnipe \Gut"ter*snipe"\, n. (Slang) 1. (a) A small poster, suitable for a curbstone. (b) A curbstone broker. [U. S.] [Webster 1913 Suppl.] 2. same as street Arab. [PJC] 3. a person of low moral character. [PJC]