Business & Finance: Self-Conscious Liberal

In the American Spectator appeared an autobiographical article called "Why I Changed," by James H. R. Cromwell, one-time millionaire socialite. Cromwell is the stepson of Edward Townsend Stotesbury, head of J. P. Morgan's Philadelphia affiliate, Drexel & Co. He married the daughter of Motorman Horace E. Dodge, entered Drexel & Co., but quickly determined to head his own business like his stepfather and father-in-law.

"I grew weary of being a clerk and counting nickels and dimes. I wanted to deal in millions like my two idols. I wanted to go into business for...

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