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...Philip Musica was convicted of bribing customs weighers to mark down the weights of his cheese invoices and was fined $5,000 and sentenced to a year in Elmira Reformatory. The "Cheese Case" made a small flurry in the newspapers the same year that Frank Donald Coster (according to Who's Who) took his Ph.D. at Heidelberg...

Author: /time Magazine | Title: TRADE: My God, Daddy! | 12/26/1938 | See Source »

...Frank Donald Coster (according to Who's Who) got his M. D. from Heidelberg. That year and the next United States Hair Co. borrowed nearly $1,000,000 on invoices signed by branch offices in London, Paris, Naples; lenders were the Bank of the Manhattan Co., the Anglo-South American Trust Co., and J. & W. Seligman & Co., some 20 others. But when Philip Musica tried to borrow $370,000 on a bill of lading for $250 worth of hair, the company fell apart. There were no legitimate offices abroad. There was mighty little hair. There was a sudden shortage...

Author: /time Magazine | Title: TRADE: My God, Daddy! | 12/26/1938 | See Source »

...grand larceny. The rest of the Musicas dropped out of circulation. Philip stayed in the Tombs, helping the District Attorney's office with the case. "The Human Hair Mystery" got a big play in the papers of 1913, when (according to Who's Who) Frank Donald Coster was a practicing physician in New York...

Author: /time Magazine | Title: TRADE: My God, Daddy! | 12/26/1938 | See Source »

Three years later Frank D. Coster turned up in Mount Vernon, New York, with $2,000 and started making hair tonic in a small factory he called Girard & Co. Coster's assistant was known as Philip Girard. Prohibition agents often got after Girard & Co., which used a great deal of alcohol, but they never proved anything. By 1925 Coster had $37,000 and wanted to expand...

Author: /time Magazine | Title: TRADE: My God, Daddy! | 12/26/1938 | See Source »

...introduced to Julian F. Thompson, who worked for Bond & Goodwin, Inc., New York investment house. Mr. Thompson looked over Girard & Co.'s books and found them showing such good profit that he did not bother to investigate Mr. Coster personally before arranging additional bank credit for Girard & Co. Next year he helped Coster borrow from Connecticut bankers $1,000,000 with which Coster bought the 105-year-old drug firm of McKesson & Robbins...

Author: /time Magazine | Title: TRADE: My God, Daddy! | 12/26/1938 | See Source »

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