Wednesday, July 5, 2017

307. Lady Liberty



        HUGE  BIG  NEWS:  Yes, I still have a new book in the pipeline, details to come. Meanwhile, I continue to shamelessly hawk my other books in the BROWDERBOOKS section that follows Lady Liberty.  



         We take her for granted, but she wasn’t always there, and it wasn't easy getting her set up in the harbor to greet incoming passengers back before travel by air.  Here, in honor of the Fourth of July, is how it happened.

File:Statue-de-la-liberte-new-york.jpg
featherboa

File:Édouard Laboulaye (photo).jpg
Laboulaye
         The idea for the statue was the inspiration of a French legal scholar and author, Edouard René de Laboulaye, who admired the American Constitution and wanted to commemorate the federal government’s abolition of slavery.  In 1865, when our Civil War ended, he established a committee to raise funds to assist the slaves in their transition to freedom, and hoped that France and America might collaborate in building a bronze colossus honoring this act of liberation.  This was under the Second Empire, whose collapse in 1870 led Laboulaye and his friends to revive their somewhat neglected project, offering to design, build, and pay for the statue, if Americans would provide a suitable pedestal and location.  In a time of monarchy, it would be a joint effort in the name of liberty by the two republics.

         When Laboulaye’s associate the French sculptor Frédéric Bartholdi came to this country to promote the idea, he decided that the ideal location would be Bedloe’s Island, recently ceded by New York State to the federal government for military purposes.  There it would greet every ship arriving in the harbor of this, the nation’s busiest port.  In 1877 both President Ulysses S. Grant and his successor, Rutherford B. Hayes, authorized the construction of a monument on the island.

File:Frederic Auguste Bartholdi crop.jpg
Bartholdi in 1880, looking a bit Napoleonic.

         A done deal?  Not at all.  Tired of sectional strife and overwhelmed by a severe depression brought on by the Panic of 1873, white Americans didn’t want to be reminded of the issues that had so recently and so disastrously divided them; the North, in fact, was choosing to ignore the proliferation of Jim Crow laws in the South.  Also, other states were reluctant to help finance a giant bronze female that would grace the harbor of distant, oversized, and imperious New York, while New Yorkers felt too pinched by hard times to spare the needed funds for the massive granite base. 

         With this in mind, advocates now promoted the statue as a memorial of the hundredth anniversary of American independence, and the time-honored alliance of the French and American people.  Never underestimate the energy of a bunch of American boosters eager to promote a project they fervently believe in.  The fund-raising committee published articles in the press, arranged benefit performances of popular plays, and persuaded wealthy citizens to exhibit their art collections and charge admission, the proceeds going to the committee.  At their suggestion, Bartholdi sent the statue’s right hand and uplifted torch, so it could be displayed at the Centennial Exhibition in Philadelphia in 1876, an honor that the Empire City grudgingly ceded to its perennial rival, the City of Brotherly Love, since that was where the Declaration of Independence had been written and approved.  At the exhibition, competing with Alexander Graham Bell’s telephone, the Remington Typographic Machine (i.e., typewriter), Heinz Ketchup, Hires Root Beer, and other earth-shattering innovations, this fragment of Bartholdi’s colossus towered above the mere mortals who were allowed, for fifty cents each (proceeds going to the committee), to ascend a ladder to the observation platform just under the torch.

File:Statue-Of-Liberty-Arm-1876-Phildadelphis-Centennial-Exposition.jpg
At the Centennial, 1876, with the original torch (since replaced).

File:Head Statue of Liberty, Paris 1878.png
The head, on display at the Paris World's Fair, 1878.

         Even so, the campaign to raise the needed funds dragged on for years, and Laboulaye died in 1883.  In December of that year the statue’s promoters held an auction for which they solicited artwork and literary manuscripts that would be assembled in a portfolio with a letter from President Chester A. Arthur and other items.  Among those asked to submit a poem was 34-year-old Emma Lazarus, a writer who, though from a wealthy Jewish family, had done volunteer work to help the Jewish immigrants now flocking to the U.S. from eastern Europe.  The result was a sonnet entitled “The New Colossus,” the closing lines of which would in time become famous:



Not like the brazen giant of Greek fame, 
With conquering limbs astride from land to land; 
Here at our sea-washed, sunset gates shall stand 
A mighty woman with a torch, whose flame 
Is the imprisoned lightning, and her name 
Mother of Exiles. From her beacon-hand 
Glows world-wide welcome; her mild eyes command 
The air-bridged harbor that twin cities frame. 
“Keep, ancient lands, your storied pomp!” cries she 
With silent lips. “Give me your tired, your poor, 
Your huddled masses yearning to breathe free, 
The wretched refuse of your teeming shore. 
Send these, the homeless, tempest-tost to me, 
I lift my lamp beside the golden door!” 


         But the auction brought in only half the hoped-for amount, and the poem was soon forgotten.  Political partisanship caused further delays, with Republicans at both state and federal level allocating funds for the pedestal, only to be blocked by Democrats.  Packed away in over 200 crates in a European warehouse, the statue gathered dust; the French people, having paid to have it cast, grew bitter; and Boston and Philadelphia promised to build a pedestal at once, should the statue come to them.  It was not New York’s finest hour.

File:JosephPulitzerPinceNeznpsgov.jpg         The last-minute savior of the project proved to be Joseph Pulitzer, the Hungarian-born publisher of one of New York City’s dailies, the New York World.  Nothing pleased him more – or boosted circulation more – than a crusade in print against monopolies, corruption, and the misdeeds of the rich.  Seeing the statue as a gift from the common people of France to the common people of America, he announced that what high-society fund raisers had failed to do in a decade, he and the readers of the World would accomplish in a matter of months.  “The World is the people’s paper,” he declared, “and it now appeals to the people to come forward and raise this money.”

         Pulitzer’s journalistic instincts were sound: money poured in -- pennies, dimes, and quarters – and circulation soared.  Organizers ordered work on the pedestal to resume, and when the crates with the statue arrived in New York harbor on June 17, 1885, the yet-to-be-assembled statue was greeted with the greatest excitement.  On August 11 Pulitzer announced that the donations had reached the astonishing total of $100,000.  When the assembled statue, reinforced by an interior support structure of iron, was dedicated by President Grover Cleveland and unveiled by Bartholdi on October 28, 1886, none of the speeches by dignitaries mentioned immigrants.  But from then on, incoming vessels crammed with immigrants fleeing inequality and oppression in Europe began viewing the Lady as a symbol of the liberty they hoped to enjoy in America. 


File:Statue de la Liberté, en construction.jpg
The assembled statue in Paris, 1884.  It was then taken apart, 
shipped across the Atlantic, and reassembled here.

         Viewing the statue from a distance, as most of us do, we may miss some significant details.  The pedestal, a truncated pyramid, has classical touches, including Doric portals.  But who looks at that?  It's the statue on the pedestal that catches the eye.  If the right hand holds aloft a torch that lights the world, the left hand clasps a tablet inscribed in Roman numerals with the date July 4, 1776.  Invisible unless seen close up, at the statue’s feet lies a broken chain half hidden by her robe – a discreet allusion to emancipation.  And those seven spikes radiating from her head?  Rays from her crown, representing the sun, the seven seas, and the seven continents.  Modeled on the Roman goddess Libertas, the Lady radiates classical gravity and dignity, and not the fury and violence of the French Revolution, as shown in Delacroix’s painting Liberty Leading the People (1830, another year of revolution), where the bare-breasted Liberty leads an armed mob over the bodies of the fallen -- just the kind of violence that prompted Tennyson, a good English conservative, to deplore "the red fool-fury of the Seine."  Bartholdi and his friends believed in freedom and democracy, but not in revolution and violence.  And his Lady has worn well, surviving the political partisanship that might have dethroned a more controversial figure.  Many a time, returning on a late summer afternoon from a hike in the Staten Island Greenbelt, I have seen Americans and foreigners alike flock to one side of the ferry to view the statue and take the requisite photographs.  Bartholdi’s Lady has indeed become a symbol of both the city and the nation and what, at their best, they stand for.


File:Eugène Delacroix - La liberté guidant le peuple-2.jpg
Delacroix's Liberty Leading the People (1830).  Impressive, but not what Bartholdi had in mind.


        Sadly, Emma Lazarus did not live to see the triumph of the statue and recognition of her sonnet, for she died of cancer in 1887.  Americans who were not recent immigrants were slow in seeing the statue as welcoming immigrants to the land of freedom.  Only in 1903 did they place a bronze tablet inside the entrance to the statue’s pedestal bearing her now-famous lines. 


File:Golden statue.jpg
At sunset, December 2002.
Geographer

         (A footnote:  Jealous little New Jersey, always resentful of the Empire State, has presumed to lay claim to Bedloe’s [now Liberty] Island and, by extension, to the Statue of Liberty, a claim that I, as a dedicated New Yorker and patriotic American, reject with scorn.  Those incoming hordes of immigrants didn’t dream of New Jersey as their goal – did they even know it existed?  No, they dreamed of New York City as the gateway to the land of liberty.  And so, New Jersey, hands off our colossus!  Send us your mosquitoes, if you must, and the stink of your marshes and oilfields, but leave our Lady alone.)

Source note:  For information on Emma Lazarus and the building of the statue, I am especially indebted to Tyler Anbinder, City of Dreams: The 400-Year Epic History of Immigrant New York (Houghton Mifflin Harcourt, 2016), an impressive and masterful account of the role of immigrants in the history of New York City.


BROWDERBOOKS
  

All books are available online as indicated, or from the author.

No Place for Normal: New York / Stories from the Most Exciting City in the World (Mill City Press, 2015).  Winner of the Tenth Annual National Indie Excellence Award for Regional Non-Fiction; first place in the Travel category of the 2015-2016 Reader Views Literary Awards; and Honorable Mention in the Culture category of the Eric Hoffer Book Awards for 2016.  All about anything and everything New York: alcoholics, abortionists, greenmarkets, Occupy Wall Street, the Gay Pride Parade, my mugging in Central Park, peyote visions, and an artist who made art of a blackened human toe.  In her Reader Views review, Sheri Hoyte called it "a delightful treasure chest full of short stories about New York City."

If you love the city (or hate it), this may be the book for you.  An award winner, it sold well at BookCon 2017.

Available from Amazon and Barnes & Noble.


No Place for Normal: New York / Stories from the Most Exciting City in the World


Bill Hope: His Story (Anaphora Literary Press, 2017), the second novel in the Metropolis series.  New York City, 1870s: From his cell in the gloomy prison known as the Tombs, young Bill Hope spills out in a torrent of words the story of his career as a pickpocket and shoplifter; his brutal treatment at Sing Sing and escape from another prison in a coffin; his forays into brownstones and polite society; and his sojourn among the “loonies” in a madhouse, from which he emerges to face betrayal and death threats, and possible involvement in a murder.  Driving him throughout is a fierce desire for better, a persistent and undying hope.

For readers who like historical fiction and a fast-moving story.


browder-cover-9781681143057-perfect-2

For six LibraryThing prepublication reviews of Bill Hope: His Story, go here and scroll down.


The Pleasuring of Men (Gival Press, 2011), the first novel in the Metropolis series, tells the story of a respectably raised young man who chooses to become a male prostitute in late 1860s New York and falls in love with his most difficult client.

What was the gay scene like in nineteenth-century New York?   Gay romance, if you like, but no porn (I don't do porn).  Women have read it and reviewed it.  (The cover illustration doesn't hurt.)

For Goodreads reviews, go here.  Likewise available from Amazon and Barnes & Noble.





Coming soon: The Waldorf Astoria and the End of an Era.

©   2017   Clifford Browder




Sunday, July 2, 2017

306. Martin Shkreli, the Bad Boy of Finance


        BIG NEWS:  I have a new book in the pipeline, to be announced in time.  Meanwhile, for a sample of enhanced and shameless huckstering of my other books, see the BROWDERBOOKS section below.  (I may do a post sometime on authors as whores, hawking their wares to the public.)


         Visitors to this blog with long memories may recall post #214 of January 10, 2016, plus a follow-up in post #223 of March 27, 2016, on Martin Shkreli, a financial whiz kid who had just been arrested by the F.B.I. and arraigned in the Federal District Court in Brooklyn on securities fraud and wire fraud charges, for which he could get 20 years in prison.  Mr. Shkreli was certainly something of a phenomenon, for he had spawned in quick succession a host of enterprises:

1.    Elea Capital Management, a small hedge fund (2006)
2.    MSMB Capital Management, another hedge fund (2009), followed by yet another, MSMB Healthcare (2012)
3.    Retrophin, a biopharmaceutical company (2011)
4.    Turing Pharmaceuticals, another drug company (2015)
5.    KaloBios, yet another drug company (2015)

         An impressive roster, one might think, until one became aware of these facts:

1.    Under his management Elea lost tons of money in disastrous speculations.
2.    As head of MSMB Capital Management he allegedly lied to investors, which led to the federal charges against him.
3.    He evidently plundered Retrophin to pay off the MSMB investors, and then raised prices on certain drugs to astronomical levels, until ousted by the company’s board of directors.
4.    As CEO of Turing he raised the price of the 62-year-old drug Daraprim by 5,000 percent, thus incurring the wrath of many.
5.    As head of KaloBios he announced plans to hike the price of one of its drugs as well, until the company fired him and filed for bankruptcy.

         What makes Mr. Shkreli interesting?  At the time of his arrest he was all of 32 years old: a boyishly handsome young man with dark hair and an engaging – some might say infuriating – smile.  Labeled a “morally bankrupt sociopath” for boosting the prices of drugs to celestial (or diabolical) heights, he continued to flash his smile, not just untroubled by the hostile brouhaha, but absolutely glorying in it.

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Mr. Shkreli testifying before the House Oversight Committee in February 2016.

         Brooklyn-born and the child of immigrants, he might seem to embody the immigrant’s dream come true: already, in his tender years, he is worth millions, though just how many isn’t too clear.  Also, a millennial to the core, when not engaged in financial hanky panky he spends hours tweeting on Twitter, and indulging in hour-long live streams on You Tube, proclaiming himself “the world’s most eligible bachelor,” a stupendous catch for some lucky girl … or girls.  Photos confirm that he is young and good-looking, one of those guys whose one-day accumulation of beard makes them look even sexier.  And his notoriety, he insists, adds to his appeal to women.

         Mr. Shkreli intrigues me by virtue of his ability to survive disastrous failures and bounce back with a smile; his ability to find investors for yet another dubious venture; his obsessive vanity and endless self-indulgence; his true Brooklyn chutzpah.  Truly, he is one of a kind.  Like him or hate him, but it’s hard not to follow the latest twists and turns in his improbable career – attention that he welcomes and revels in.  For more about this engaging rascal, I refer readers to my earlier post, in which I likened him to The Donald, then only a candidate and not our Twitterer in Chief.  But now he reminds me of Roy Cohn, the attack-dog lawyer of post #137, who was also immune to criticism and even reveled in his notoriety, knowing that it would bring him clients.  The two of them, being in so many ways my opposite, fascinate me.

         In 2016, called before the House Oversight Committee at a hearing on drug prices, he invoked the Fifth Amendment to avoid testifying, then smirked through the hearing. Returning home, he tweeted: “Hard to accept that these imbeciles represent the people in our government.”  Tact and reticence are not his thing.

         So what’s with Mr. Shkreli now?  He had dropped out of my purview for months, but now the self-styled bad boy of finance, age 34, has reappeared.  The Times of June 23 features him in an article by Stephanie Clifford on the first page of the Business Day section, with a selection of his tweets:

·      I am a god.
·      You’re a loser who doesn’t understand economics or business.  Keep my name out of your mouth.
·      plz @god let me have sex with jewel

Lucky jewel, whoever she may be.  Also, that tweet is the first indication I have received to date that Mr. Shkreli deeply needs anyone in his life but himself.  Girls yes, but only if and when he can find time for them, and he boasts that the line is long.  As for tweeting, it now appears that he has been banned from Twitter for harassing a journalist.

         And the occasion of the Times article?  His appearance in court on June 19 for a hearing, prior to his forthcoming federal trial.  A photo shows him striding purposefully courtward, a lock of dark hair hanging down fetchingly on his forehead, with a team of lawyers in close array.  In court he was uncharacteristically subdued, following which he went home and – very characteristically – live-streamed himself on his computer, patting his cat, drinking Coca-Colas, and chatting live in another window while playing online chess.  All this and more, with hardly a hint of his pending trial.

         The trial is expected to last six weeks.  “I’m so innocent,” he insists in a live stream, “that the jury, judge and the prosecution are gonna give me an apology.”  His lawyer has asked for a reduction of his $5 million bail, stating that the defendant has no bank accounts, and no valuable assets other than his share in Turing, worth $30 to $50 million, which he is restricted from selling.  But the prosecutor countered that Mr. Shkreli paid $40,000 to someone for solving a geometry proof, and offered $100,000 for information leading to the murderer of the Democratic National Committee staff member Seth Rich, as well as other gestures of largesse.  The judge has yet to rule on the matter.  Meanwhile it’s worth remembering that the Wunderkind is on trial for financial fraud, not for hoisting pharmaceutical prices skyward or being atrociously self-centered and enamored of risk and notoriety, offenses that may offend, but that are not indictable.  I await his trial with the keenest interest.

         And how does he fare with the younger set?  If you glance at the online comments on a live stream of his about investing, you get quite a variety of answers, including some lively exchanges among the viewers:

·      You should write a book about your life, investing, or both.  I would totally buy it.
·      He might increase the price by 5000%.  You’ll still buy it?
·      People hate on this guy but he’s smart as fuck he really started from the bottom.
·      Do some research dumb ass.
·      True American success story.  Also hilarious troll.
·      Martin Shkreli is an adult in a world of children.
·      Im 14 but its never too early to learn about making money right?

Plus some other comments not fit to be repeated here (online, it’s no holds barred).  Controversial though he is, Mr. Shkreli has made his mark, hence this post, my third on him and his shenanigans.

         But it is not the younger set who will serve on his jury, and his notoriety does not endear him to those who may.  When jury selection began at the Federal District Court in Brooklyn on Monday, June 26, 120 potential jurors were dismissed for various reasons, some of them having called him “a snake,” “the most hated man in America,” or “the face of corporate greed.”   One said that his parents used the drug Daraprim, whose price Shkreli had raised from $13.50 to $750 a pill, and another said his kids were on some of the drugs involved.   Fortunately, the necessary jurors were finally impaneled, so the trial could begin.

          On Wednesday, June 28, the lawyers made their opening statements to the jury, and the contrast between the two statements could not have been more striking.  Predictably, the prosecutor described Mr. Shkreli as a "con man" who falsified investor statements, backdated documents, misled investors about his record as a fund manager, and misstated how much money was in his funds: "lies on top of lies on top of lies." As he spoke, Mr. Shkreli rolled his eyes and made faces.

          The defense attorney then described his client as "strange," shuffling around his office in bunny slippers with a stethoscope around his neck because he felt comfortable that way.  Strange, but "brilliant beyond words," innocent of the charges, and bullied by Retrophin board members who questioned his sexuality.  That board, he asserted, is "a bunch of thugs."  As for the investors in Mr. Shkreli's funds, they are sophisticates with money to burn, high rollers, and "crybabies."  Hearing this, Mr. Shkreli beamed.    
                             
(To be continued, as the trial proceeds.)


BROWDERBOOKS  

All books are available online as indicated, or from the author.

No Place for Normal: New York / Stories from the Most Exciting City in the World (Mill City Press, 2015).  Winner of the Tenth Annual National Indie Excellence Award for Regional Non-Fiction; first place in the Travel category of the 2015-2016 Reader Views Literary Awards; and Honorable Mention in the Culture category of the Eric Hoffer Book Awards for 2016.  All about anything and everything New York: alcoholics, abortionists, greenmarkets, Occupy Wall Street, the Gay Pride Parade, my mugging in Central Park, peyote visions, and an artist who made art of a blackened human toe.  In her Reader Views review, Sheri Hoyte called it "a delightful treasure chest full of short stories about New York City."

If you love the city (or hate it), this may be the book for you.  An award winner, it sold well at BookCon 2017.

Available from Amazon and Barnes & Noble.


No Place for Normal: New York / Stories from the Most Exciting City in the World


Bill Hope: His Story (Anaphora Literary Press, 2017), the second novel in the Metropolis series.  New York City, 1870s: From his cell in the gloomy prison known as the Tombs, young Bill Hope spills out in a torrent of words the story of his career as a pickpocket and shoplifter; his brutal treatment at Sing Sing and escape from another prison in a coffin; his forays into brownstones and polite society; and his sojourn among the “loonies” in a madhouse, from which he emerges to face betrayal and death threats, and possible involvement in a murder.  Driving him throughout is a fierce desire for better, a persistent and undying hope.

For readers who like historical fiction and a fast-moving story.


browder-cover-9781681143057-perfect-2

For six LibraryThing prepublication reviews of Bill Hope: His Story, go here and scroll down.


The Pleasuring of Men (Gival Press, 2011), the first novel in the Metropolis series, tells the story of a respectably raised young man who chooses to become a male prostitute in late 1860s New York and falls in love with his most difficult client.

What was the gay scene like in nineteenth-century New York?   Gay romance, if you like, but no porn (I don't do porn). Women have read it and reviewed it.  (The cover illustration doesn't hurt.)

For Goodreads reviews, go here.  Likewise available from Amazon and Barnes & Noble.





Coming soon:  In honor of the Fourth of July: Lady Liberty and How She Came to Be.  After that, maybe the legendary Waldorf Astoria and what's happening to it now.

©   2017   Clifford Browder