Abstract
Tappan had been through a lot. His family life had changed tragically, and would never quite be the same again. He had moved houses and given up some of his favorite recreations. There was little spare time now for the usual hunting and fishing excursions into the woods with male companions that had once been part of his life. He had to save every penny and was still struggling with a spouse threatening to fall into depression. His business had experienced two years of slow growth and the loss of major personnel. Men and women who had been with him from the start were now gone. For nearly twenty years he had been trying to make Investors Syndicate into something big, yet it remained small, limited, and still under the clouds of suspicion that followed all investment plans. At middle age, he was making a living as a lawyer, but law was not his true vocation, the Syndicate was. The only way it would succeed was if the public came to realize what he already knew— that here was a safe, effective way to save money. The question was, How could he get that message out?
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Notes
Roger L. Ransom and Richard Sutch, “Tontine Insurance and the Armstrong Investigation: A Case of Stifled Innovation, 1868–1905,” Journal of Economic History 47:2 (June 1987), 379–90.
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© 2001 Kenneth Lipartito and Carol Heher Peters
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Lipartito, K., Peters, C.H. (2001). The Agency System. In: Investing for Middle America. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230107489_7
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DOI: https://doi.org/10.1057/9780230107489_7
Publisher Name: Palgrave Macmillan, New York
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