Word: gould
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Dates: during 1950-1959
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Before a Senate subcommittee last week appeared a little man with a long tale of woe. The man was Sidney Gould, head of a small Brooklyn company which nickel-plates towel racks and auto bumpers. His woe was the black market in nickel. "To get any nickel," he told the Senators, "you practically have to open a peep hole and say 'Benny sent me.' Of course, if you want to pay the price and meet the terms-meaning cash so the OPS can't keep track-then there's no shortage...
...Gould himself admitted he had paid the price (up to $3 a lb.), and was grateful for what he got, whether it was new (Gould's ceiling price: 59? to 63? a Ib.) or "the rankest nondescript scrap." Gould identified the sellers as Benjamin S. Flug and Robert Corey, a pair of Brooklyn jobbers doing business under the name of Flurey Products Corp. Said he: Flurey Corp. disguised new nickel electroplating anodes as scrap ones (which are subject to more flexible ceilings), and sold them at many times their proper ceiling price...
Appointed by the Committee were: Neil J. Smelser, Mark Gibson, Ralph Bowen, Ira H. Peterman, John W. Sears, Charles C. Cabot, Richard T. Button, Forrest L. Gould, Charles E. Nelson, Paul A. Bidwell, Robert L. Wiley, Edward D. Yost, Francis R. Filosa, William M. Simmons, Rudolph Kass, Martin A. Choolijian, Frank W. Hopkins, Kenneth L. Everett, Richard M. Sandler, Harvey s. Ginsberg, Costas C. Rodis, Edmond J. Gong...
...cash out of the Erie treasury, scuttled across the Hudson to Jersey City. To keep Vanderbilt at bay, Fisk mounted three 12-lb. cannon on the docks outside the Erie's transplanted headquarters, donned an admiral's uniform to stage-dress his defiance. Meanwhile, foxy Jay Gould bribed the New York state legislature with $1,000,000 to legalize the fraudulent stock certificates...
Help at Last. This forced even doughty Commodore Vanderbilt to make peace. For $4,500,000 out of the Erie's treasury, he agreed to leave Gould, Fisk and Drew in control of the road. Gould soon double-crossed Drew and ruined him; Jim Fisk was murdered by a rival for the hand of Actress Josie Mansfield. By the time Gould was ousted from the Erie presidency in 1872, he had looted the treasury and wrecked the Erie's finances. Although it bravely extended its line to Chicago by 1875, it remained top-heavy with debt, repeatedly went...