Word: ferrin
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Dates: during 1950-1959
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...clergymen-Dr. Howard W. Ferrin, president of the fundamentalist Providence (R.I.) Bible Institute, and Brother Bartholomew, representing the Order of the Brothers of the Sacred Heart, in Woonsocket-were bidding for Edgewood Junior College on the palatial Frederick Peck estate in Barrington, R.I. That morning Dr. Ferrin had offered $250,000; Brother Bartholomew had topped it with $300,000. The judge had ordered that sealed bids be presented that afternoon. They were, and an astonished clerk read them out: for the Brothers, $331,000; for the institute...
...explanation was due, and Dr. Ferrin made one out of court. He had talked it over with one of his own trustees. "I figured," said he, "that if we were going to stay in the bidding at all, we would have to go at least $325,000." Then he decided that the Brothers would probably reason the same way, and since they wanted to win, would probably raise it another $5,000. That would make their bid $330,000. But then the Brothers might suspect Dr. Ferrin of the same reasoning, and add another...