HIGH FINANCE: Whence Comes the Dew?

In 1727, young Benjamin Franklin organized ten convivial friends into the "Junto"*study club, to discuss such questions as: "Whence comes the dew that stands on the outside of a tankard?" and "Is self-interest the rudder that steers mankind?" The Junto club has long since disbanded, but it is still so famed in Philadelphia that when a group of public-spirited citizens started a nonprofit school for adult education in 1941, Junto seemed the logical name for it. Last week, the Junto told of making a business deal in its own self-interest that would have...

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