Business & Finance: Lost Hope

To many a Manhattanite the Hell Gate Brewery of George Ehret is a familiar landmark. To many more George Ehret's lager beer is a pleasant memory. Last week it was announced that the brewery would close on Aug. 1, would be sold, torn down.

It was the lingering hope of a light-wine-and-beer modification of the law which inspired George Ehret to keep his brewery open nearly Ten Years After. The same hope inspired his sons after his death in 1927. Near-beer, as such, would not have interested old George Ehret. From 1866 to 1920...

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