By Patricia Beard
After the Ball is that infrequent actual tale that reads like an epic novel, a sweeping chronicle of an period, and an intimate account of the wish and betrayal of a son whose father gave him every little thing -- other than the learning to discover his approach in territory governed via the rapacious.James Hazen Hyde was once twenty-three in 1899 while he inherited the bulk stocks within the billion-dollar Equitable lifestyles coverage Society. simply 5 years later, he fell from grace in a Wall highway scandal that obsessed the country and commanded a hundred and fifteen front-page articles within the ny Times.Hyde was once clever, cultured, and bold, yet he was once no fit for an older new release that had mapped the backstreets of excessive finance. Vying to regulate the Equitable's titanic funding pool, the main well-known financiers and industrialists of the period -- between them E. H. Harriman, Henry Clay Frick, and J. P. Morgan -- placed Hyde on forty-eight forums and incorporated him in offers that shook Wall highway. after which, on the top of social good fortune, he made a deadly miscalculation.On the final evening of January 1905, James Hyde held a fabulously flamboyant, eighteenth-century, Versailles-themed gown ball. His enemies used the get together because the hook to hold him on, claiming that he was once too frivolous to run an organization devoted to preserving widows and orphans; and unfold the rumor that he had spent 2 hundred thousand money of Equitable cash on a night's leisure. by the point a central authority research tested that Hyde had paid the accounts himself, his recognition used to be ruined.The sour crusade to wrest regulate of the Equitable and its tremendous funding means from Hyde at the heels of the ball. because the struggle escalated, clandestine alliances among insurers and Wall road burst to the outside, exposing strategies which are the stuff of twenty-first-century scandals: self-dealing, insider buying and selling, accounting malpractice, and company investment of non-public pleasures.After the Ball tells a story that riveted thousands of american citizens a century in the past. Its topics are as clean at the present time as they have been in 1905: greed and chicanery, the mistaken love among fathers and sons, and contradictory American attitudes approximately wealth -- all unfolding opposed to a surroundings of beauty, extra, and corrupting glamour.
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Additional info for After the Ball: Gilded Age Secrets, Boardroom Betrayals, and the Party That Ignited the Great Wall Street Scandal of 1905
William D’Alton Mann, reported on anything that might be of interest to its readers—clothes, parties, travel, friendships, feuds, and romances. Some of his stories were true, many were fabricated, and others were blatantly scandalous. But when Henry and Annie were soiled by gossip, Colonel Mann was not the culprit; the editor of an insurance magazine published the accusation in 1876 that 9 Henry Hyde . . has found time . . to provide for the widow and orphans . . life tenants of a ﬁne dairy farm in Orange County, New York, purchased by Mr.
The rumor was based on the misinterpretation of a family nickname Henry had bestowed on him, after a favorite uncle, Caleb J. Camp; it was unclear whether James reminded him of the older Caleb, or Henry simply wanted to honor his uncle. ” Henry spoiled James, but he also fussed, particularly about his health. His letters were ﬁlled with admonitions about ways to avoid falling ill. He warned James that if he met a friend on the street when the weather was cold and windy, he should not linger so he would not get a sore throat.
Better let every one know he’s given you—Buy a big bottle of Powell Estra, bath your feet night and morning and wash your self [sic] a little with it and you will like it. I will make up your menu for dinner and supper and send it to you. How many boys do you expect to go, and who? . A buffet car would be better than a parlor car as you could have a hot cup of tea—I could pick out an extra ﬁne piece of beef and leg of mutton and have them roasted and kept nearly a week . . and Savarin bread and Darlington Butter.