Word: rhea
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Dates: during 1930-1939
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After a smattering of college, Son Robert started a river line that nearly ran his father's out of business. Later Son Robert caught tuberculosis and went to Colorado. When World War I came, Rhea enlisted in the air force. As luck would have it he cracked up and got a piece of the propeller through his lung. Back to Colorado Springs went he, a permanent invalid...
...Rhea began to average and chart stockmarket prices, to study the Dow Theory. He found that he could concentrate so heavily that pain was forgotten and at the end of the day he was exhausted and could sleep...
...when William Peter Hamilton died, Dow, Jones & Co. needed a new high priest to lead the Dow cult of stockmarket analysis. They published some of Rhea's "notebooks" in Barron's weekly. The next year Rhea put his ideas on Dow lore into a book and, after publishers refused it as a white elephant, published it himself and sold over 90,000 copies. Letters began to pile up on the foot of Rhea's bed, and, unable to answer them individually, he one morning sent out a note to the effect that if & when he had anything...
...Rhea did not want to be a tipster (though he did well by himself playing the market, averaged $436.19 gain for every $100 loss), but tipster he was to the public. Hundreds went to Colorado Springs to get advice from the great man. He arranged his invalid's schedule so that he worked early in the morning and late at night, was sound asleep when most people called. Soon he had 25 assistants, and his bedroom turned into a statistic factory. Sometimes he composed tirades against Franklin Roosevelt, which were incorporated in his market letters...
Month ago Rhea's clients were surprised to find with their letter a note saying that because Rhea's illness was worse (he was down to the use of part of only one lung, and was suffering from heart trouble in addition), his Junior Partner Perry Griner would take over. Last week, aged 52, Robert Rhea died...