Word: trader
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...jungle until the men in caboclo settlements leave for the day's work. Then they swoop down, killing everyone but the girls, whom they kidnap. If they meet resistance, they fire thatched huts with flaming arrows, like Sioux attacking a covered-wagon train. Says an old trader: "The best thing to do when you see a Caiapó is to shoot first...
Sarnoff was born in 1891, eldest son of a poverty-stricken family in the tiny (pop. 200) Jewish community of Uzlian, in Russia's province of Minsk. His father, who came of a trading family, wanted him to become a trader. His mother, who came of a long line of rabbis, insisted that he become a scholar. Sarnoff remembers that in the world of his childhood, prestige was based not on money but on "the possession of knowledge...
...many a sun-drenched trading post around Arizona and New Mexico's 16 million-acre Navajo Reservation, Indians were trooping in last week to buy such sweets as canned peaches or candy. To the experienced trader, these innocent purchases meant only one thing: a peyote party was in the making. Soon, at some secret hideaway far out in the desert, men, women & children would be enjoying the transitory delights of a powerful drug. After the party they would have a dismal hangover. The sweets were to help straighten them...
After a World War I stint in the Navy (he enlisted as a 2nd class cook, ended up a special agent for the War Trade Board), Weinberg became a securities trader. In seven years he had enough money ($104,000) to buy a seat on the New York Stock Exchange, in 1927 became a partner in Goldman, Sachs. As Weinberg's fame as a shrewd judge of stocks and men spread through the Street, so did his influence. He became director of more than a dozen corporations, including such giants as Sears, Roebuck, B. F. Goodrich, Cluett, Peabody, Continental...
Died. Frederic C. Dumaine, 85, one of the sharpest of modern-day Yankee trader capitalists; of bronchial pneumonia; in Groton, Mass. At 14 he went to work for the giant Amoskeag cotton mills (for $4 a week); within a few years he was operating in the fishing business, shipbuilding, watchmaking, steamship lines, truckmaking, banking. His biggest coup came in 1948, when he quietly bought enough stock to control the $428 million New York, New Haven & Hartford Railroad (which had kicked him off its board of directors in 1947), before its management knew what was happening. In taking over, Citizen Dumaine...