Business: A Salesman Named Sharpe

All her life, Mrs. Sarah Eaves of Brookline, Mass, had trusted in men to manage her finances. First there was her husband, and after he died, a relative, and finally that nice man named Caswell Sharpe. Sharpe's manners were polite, his suits conservative, his way of describing stocks & bonds understandable. So Mrs. Eaves gave him charge of her $57,776 in cash and securities. Sharpe got a job in the Boston office of the 17-year-old firm of R. H. Johnson & Co. of 64 Wall Street.

For five years, Sharpe manipulated Mrs. Eaves's investments through...

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