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March 24, 2009
Letting the cat out of the bag c. 1909
A story in the March 24, 1909 NYT reports on a shyster with a convenient last name: Fritb F. Marx, who was arrested in Hoboken on Monday charged with swindling John Steneck & Sons, bankers, of 95 River Street, Hoboken, out of $44,250 by using forged letters on credit purporting to come from a Bremen bank, at first agreed to let John Steneck & Sons have the $7,000 in cash which was found on him... So far so good. The story is one of a financial swindler who played a local bank for some cash but got pinched. The last paragraph of the story is rather odd: Marx, who is only 22 years old, occupied a luxurious apartment at 363 Riverside Drive, employing a butler and several other servants. His young wife, who gave birth to a boy on Sunday, has not been told her husband is in jail. She thinks he is absent on a business trip.Being postpartum, I suppose she wasn't reading the New York Times either. Posted by Craig Depken at 01:04 PM in Culture
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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