Last month, Tammany Hall, famed Manhattan political lair, was sold for $700,000. Last fortnight, the vigilant New York World reported the property resold for $800,000. None cried "Graft!" But Tammanyites asked, "Who profited?" Joseph P. Day, whose reputation as a realtor in and about Manhattan is no less illustrious than Peter Minuit's,* had handled both the sale and the speedy resale. The question having arisen, Mr. Day announced that the resale price was $770,000. The question being pressed, Mr. Day agreed that the 10% profit should go to Tammany Hall.


Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!