Word: brokering
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Dates: during 1930-1939
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James Smith Ferebee, 31-year-old La Salle Street broker, has a golf handicap of 11 at his club, Chicago's de luxe Olympia Fields. Fat Fred Tuerk, his crony, averages "around 176" for 18 holes...
Chief Characters: Slow-moving, heavy-jowled Exchange President Charles R. Gay, a worried broker who means well; arrogant, handsome Richard Whitney, leader of a clique known as the Old Guard; puckish, tart-tongued SEC Chairman William O. Douglas, reputed to be a radical of the deepest dye; Brokers Paul Shields, E. A. Pierce, John Hanes and William McChesney Martin Jr., upstarts...
...worst crash since 1929. As the toboggan gathered momentum, President Gay began to seem a seer and SEC was on the spot. SEC chairman then was amiable James McCauley Landis, who was so busy retiring to become dean of Harvard Law School that he scarcely bothered to reply to Broker...
...essential," he snarled, "that no element of the casino be allowed. . . ." To President Gay these words carried conviction. That harried broker, whose worries and heavy dewlap had combined to give him the mournful mien of a bloodhound, by this time had alienated almost everybody. Douglas linked him with the Old Guard. Shields, Hanes and Pierce, his original backers, were fed up with...
...office open to anyone who wanted to see him-a change from the days when Richard Whitney sat there in regal isolation. He irked crusty conservatives by letting photographers attend his first board meeting and also take pictures on the floor during trading hours. But chiefly he astonishes his broker associates by eating at the Automat, living at the Yale Club, spurning an automobile as too expensive, preferring to study or sit in a theatre balcony to splurging at some swank Long Island resort...