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THE EXCHANGE ARTIST

A TALE OF HIGH-FLYING SPECULATION AND AMERICA’S FIRST BANKING COLLAPSE

Engaging social history by a talented scholar with a distinct gift for narrative.

A narrative of financial chicanery and real-estate flimflam that foreshadows our own times.

Kamensky (History/Brandeis Univ.; Governing the Tongue: The Politics of Speech in Early New England, 1997, etc.) returns to prominence the once-notorious speculator Andrew Dexter Jr. (1779–1837), a pioneer currency trader and prototypical hedge-fund operator. Always well-leveraged, Dexter laundered and watered money—at one point he issued $600,000 in notes that were backed by only $86 of actual specie. In a time when banks could independently emit currency, he established bogus depositories as distant as a thousand miles from his Boston base, the better to dispense worthless paper at home. A striver who had Gilbert Stuart paint a portrait he couldn’t pay for, reckless and feckless Dexter triggered the young country’s first banking collapse in 1809. He wasn’t entirely sinister, however; all he wanted was to build the biggest building on the continent, and he didn’t mind financing it with subprime mortgages. Often compared to the tower of Babel, the gigantic Exchange Coffee House, “a seven-story structure in a three-story town,” was designed to be a bourse, hotel, coffeehouse and office building. Containing more than 150 rooms, a vast trading floor and an atrium, capped by a tin dome, it rose to change Boston’s skyline. But just as it opened, Dexter’s financial pyramid collapsed, and he fled the country. His combustible skyscraper lasted only a decade, succumbing to a spectacular fire in 1818. (The hand-pumped water couldn’t reach the flames on the upper floors.) What happened to the builder and defaulter? Dexter returned to the United States to found Montgomery, Ala., then died bankrupt.

Engaging social history by a talented scholar with a distinct gift for narrative.

Pub Date: Jan. 28, 2008

ISBN: 978-0-670-01841-3

Page Count: 464

Publisher: Viking

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: Oct. 15, 2007

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KILLERS OF THE FLOWER MOON

THE OSAGE MURDERS AND THE BIRTH OF THE FBI

Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.

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Greed, depravity, and serial murder in 1920s Oklahoma.

During that time, enrolled members of the Osage Indian nation were among the wealthiest people per capita in the world. The rich oil fields beneath their reservation brought millions of dollars into the tribe annually, distributed to tribal members holding "headrights" that could not be bought or sold but only inherited. This vast wealth attracted the attention of unscrupulous whites who found ways to divert it to themselves by marrying Osage women or by having Osage declared legally incompetent so the whites could fleece them through the administration of their estates. For some, however, these deceptive tactics were not enough, and a plague of violent death—by shooting, poison, orchestrated automobile accident, and bombing—began to decimate the Osage in what they came to call the "Reign of Terror." Corrupt and incompetent law enforcement and judicial systems ensured that the perpetrators were never found or punished until the young J. Edgar Hoover saw cracking these cases as a means of burnishing the reputation of the newly professionalized FBI. Bestselling New Yorkerstaff writer Grann (The Devil and Sherlock Holmes: Tales of Murder, Madness, and Obsession, 2010, etc.) follows Special Agent Tom White and his assistants as they track the killers of one extended Osage family through a closed local culture of greed, bigotry, and lies in pursuit of protection for the survivors and justice for the dead. But he doesn't stop there; relying almost entirely on primary and unpublished sources, the author goes on to expose a web of conspiracy and corruption that extended far wider than even the FBI ever suspected. This page-turner surges forward with the pacing of a true-crime thriller, elevated by Grann's crisp and evocative prose and enhanced by dozens of period photographs.

Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.

Pub Date: April 18, 2017

ISBN: 978-0-385-53424-6

Page Count: 352

Publisher: Doubleday

Review Posted Online: Feb. 1, 2017

Kirkus Reviews Issue: Feb. 15, 2017

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A PEOPLE'S HISTORY OF THE UNITED STATES

For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.

Pub Date: Jan. 1, 1979

ISBN: 0061965588

Page Count: 772

Publisher: Harper & Row

Review Posted Online: May 26, 2012

Kirkus Reviews Issue: Jan. 1, 1979

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