Word: yaleman
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Dates: during 1930-1939
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...Before 150 undergraduates in the courtyard of Yale's Pierson College appeared a small, mild-faced Negro. .No Yaleman but a collectivist who was sentenced to a Georgia chain gang three years ago for possessing radical literature and is now out on bail, Communist Angelo Herndon gravely announced: "We love our country so much that we are not willing to see her plunge into another...
Politics is a slower game than Monopoly, requires more skill. It was invented by Oswald ("Oz") Lord, a tall, gangling Manhattan Yaleman (Class of 1926) who holds down a good desk in the family textile firm of Galey & Lord. One of nine children, Oz Lord says he thought of Politics while taking a hot shower last spring. Other Lord ideas have been a foot ball game invented at the age of 12 (successful) and a backgammon dice duplicator (unsuccessful...
Before Automatic Signal had sold a single light, Yaleman Garland decided to give his heretical business theories a thorough workout. At a pen's stroke he wrote up the value of the patent to a flat $1,000,000. Then he transferred the patent to a new concern of his own, granting the original operating company a manufacturing license, carried on their books at $3,250,000. Affiliates, dummies, acceptance companies, holding companies, securities companies began to sprout like weeds. And the patent was given another boost, this time...
That was too heretical for even old Professor Fisher, who is a stanch advocate of the commodity ("rubber") dollar. To please his patron, Yaleman Garland revalued the patent at $5,000,000. Automatic Signal prospered modestly, is still a going concern. Still board chairman is spare, white-goateed Professor Irving Fisher. Yaleman Garland withdrew into the mysteries of his 30 new corporations...
What tangible assets these companies had were constantly and dexterously shuffled for the purpose, according to last week's indictment, of lining Yaleman Garland's well-tailored pockets. Directors were young college graduates who were delighted to get $20 each time they went through the motions of a board meeting. The directors were probably quite ignorant of the fact that the Garland collection of corporations was capped by a holding company, named Public Service Holding Corp. for no apparent reason except that it sounded like big Public Service Corp. of New Jersey. Stock in this Garland company...