James Smith Ferebee, 31-year-old La Salle Street broker, has a golf handicap of 11 at his club, Chicago's de luxe Olympia Fields. Fat Fred Tuerk, his crony, averages "around 176" for 18 holes.
One afternoon three weeks ago, James Smith Ferebee breezed into the club's locker room, announced that he had just played 90 holes. "Could have gone 144," he added. This irked fat Fred Tuerk, who offered to bet him $2 that he couldn't.
Other bystanders raised the ante to $500.
Then Tuerk, getting into the spirit of the thing, decided to throw...