After the ball : Gilded Age secrets, boardroom betrayals, and the party that ignited the great Wall Street scandal of 1905 / Patricia Beard.

Author
Beard, Patricia [Browse]
Format
Book
Language
English
Εdition
1st ed.
Published/​Created
New York : HarperCollins, ©2003.
Description
xiv, 402 pages : illustrations ; 24 cm

Details

Subject(s)
Library of Congress genre(s)
Getty AAT genre
Summary note
"James Hazen Hyde was twenty-three in 1899 when he inherited the majority shares in the billion-dollar Equitable Life Assurance Society. Only five years later, he fell from grace in a Wall Street scandal that obsessed the nation and commanded 115 front-page articles in the New York Times." "Hyde was intelligent, cultured, and ambitious, but he was no match for an older generation that had mapped the backstreets of high finance. Vying to control the Equitable's vast investment pool, the most famous financiers and industrialists of the era - among them E.H. Harriman, Henry Clay Frick, and J.P. Morgan - put Hyde on forty-eight boards and included him in deals that shook Wall Street. And then, at the pinnacle of social success, he made a fatal miscalculation." "On the last night of January 1905, James Hyde held a fabulously flamboyant, eighteenth-century, Versailles-themed costume ball. His enemies used the party as the hook to hang him on, claiming that he was too frivolous to run a company dedicated to protecting widows and orphans; and spread the rumor that he had spent two hundred thousand dollars of Equitable money on a night's entertainment. By the time a government investigation established that Hyde had paid the bills himself, his reputation was ruined." "The bitter campaign to wrest control of the Equitable and its vast investment capacity from Hyde followed on the heels of the ball. As the fight escalated, clandestine alliances between insurers and Wall Street burst to the surface, exposing techniques that are the stuff of twenty-first century scandals, self-dealing, insider trading, accounting malpractice and corporate funding of private pleasures." "After the Ball tells a tale that riveted millions of Americans a century ago. Its themes are as fresh today as they were in 1905: greed and chicanery, the flawed love between fathers and sons, and contradictory American attitudes about wealth - all unfolding against a setting of magnificence, excess, and corrupting glamour."--Jacket.
Bibliographic references
Includes bibliographical references (p. [357]-385) and index.
Contents
  • pt. 1. The legacy : A death: Henry, 1899 ; A life: Henry, 1859-1899 ; James, 1876-1899 ; The first mentor: James Alexander --pt. 2. The richest young man in New York : The gilded age ; A bachelor abroad, 1899 ; Gage Tarbell: New Year's Eve, 1899 ; Of trusts and estates ; The unveiling, May 1901 ; Riding high ; An eligible bachelor, 1903-1904 ; New York and Paris, 1903-1904
  • pt. 3. The ball : The party era, 1883-1905 ; The Hyde Ball, January 31, 1905
  • pt. 4. After the ball : The winter of discontent, February 1905 ; "The Equitable row": the turning point, spring 1905 ; Henry Clay Frick ; Thomas Fortune Ryan ; Summer, 1905 ; The Armstrong investigation and after, September-December 1905 ; Paris, 1906-1917 ; "The August moon": Henry Hyde.
ISBN
  • 0060199393 ((hardcover ; : alk. paper))
  • 9780060199395 ((hardcover ; : alk. paper))
LCCN
2003044987
OCLC
51655525
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