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...Last week Mr. Mackenzie, who used to be a druggist in P. T. Barnum's home town of Bethel, Conn., was reported to have received $6,900 per year as lobbyist for McKesson & Robbins, the drug firm of Crook Philip Musica-Coster...

Author: /time Magazine | Title: National Affairs: In Connecticut | 12/26/1938 | See Source »

...story ran the gamut from gunrunning to human hair for sale, even included a trapdoor. And at the plot's centre was one of the most incredible characters that ever left fingerprints in the sands of time-the man who moved in Wall Street as Tycoon F. Donald Coster...

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

Cheese and Hair. In 1884, the year when Frank Donald Coster (according to his listing in Who's Who) was born in Washington, D. C., Philip Musica, an Italian immigrant boy, was playing in the streets of Manhattan's "Little Italy," where his father Antonio had a barber shop. Antonio made enough money to open a store where he sold cheese imported from Italy. Philip grew up to run the importing end of the business. He ran it so well that the Musicas prospered, moved to the Bay Ridge section of Brooklyn and there became leaders of Italian...

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

Chapter 4. Messrs. Cummings and Thompson didn't like the Hartford receivership. They suspected that Dr. Coster was somewhere behind it. Only a few days before, Mr. Thompson had refused to sign the papers for a $3,000,000 bond issue Dr. Coster wanted to sell. Assistant Treasurer Dietrich was reported by one of the receivers to have "shouldered the entire blame." So Messrs. Cummings, Thompson and others went to New York, got trustees appointed for reorganization of the company under the Chandler (bankruptcy...

Author: /time Magazine | Title: TRADE: Drug Mystery | 12/19/1938 | See Source »

Chapter 6. At week's end Mr. Bennett got a court order tying up a $100,000 brokerage account of Dr. Coster's wife, Carol, on the ground that "she is in all probability in possession of funds which . . . may be ... derived from . . . fraudulent practices." That seemed to point to a possible answer to one question in the mystery: what happened to the money? Other questions remained unanswered. What the crude drug department's real business was, nobody knew. Whether there were any real warehouses where drugs or liquor might be cached, nobody knew. How long...

Author: /time Magazine | Title: TRADE: Drug Mystery | 12/19/1938 | See Source »

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