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Ebook Free , by John Oller

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, by John Oller

Ebook Free , by John Oller

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Product details

File Size: 24976 KB

Print Length: 448 pages

Page Numbers Source ISBN: 1524743259

Publisher: Dutton (March 19, 2019)

Publication Date: March 19, 2019

Sold by: Penguin Group (USA) LLC

Language: English

ASIN: B07FLYVPDN

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Amazon Best Sellers Rank:

#19,334 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

This is a must-read volume for anyone interested in a behind the scenes look at how the tumultuous "American Century" was launched. History buffs will be familiar with the titans of finance, industry and politics who were the major players of the time - Morgan, Westinghouse, Carnegie, Edison, Harriman and Roosevelt to name a few - all of whom have been fully biographied, but what this book brings to the spotlight is the crucial role of the lawyers who were there at the elbow of the titans every step of the way. The names of many of those lawyers will be familiar to today's lawyers because they are still part of iconic "white shoe" firms still thriving on the American legal scene - Paul Cravath, (Algernon) Sullivan & (William) Cromwell, Charles Evans Hughes, George Wickersham, John W. Davis and many others. The term "white shoe", according to the author, derives from the white bucks favored (in summer presumably) by this cadre of elite lawyers. However, despite the image this conjures of Gatsby-era frivolity, the book makes clear that these guys (all men in those early days) were mostly tough as nails and ruthless - they had no choice if they wanted to win the confidence of the likes of Morgan and his fellow barons who were often at each others throats. To thrive in these circles, the white shoe lawyers had to be hard-headed businessmen as well as creative lawyers. The giant corporations increasingly required close legal supervision to help them navigate the thicket of growing governmental regulation and to control their most rapacious urges - not an easy task. I found the book to be entertaining as well as informative. The author writes with an eye out for the humorous angle to many of the conflicts. For example, in the course of telling the fascinating story of the high stakes battle between Edison and Westinghouse over whose brand of electrical current (AC current vs DC current) would be adopted as the American standard, the author recounts that Edison (the DC proponent) suggested that AC current be used in the first execution by electric chair in New York State - ostensibly to institute a more humane form of capital punishment than hanging, but really to associate AC current with the dangers of electrocution in the public's mind. The execution went forward in August 1890 but was bungled. The subject, a convicted murderer named Kemmler, was declared dead after receiving seventeen seconds of AC charge, but as it turned out he was still alive, requiring another eight agonizing minutes of jolts of 2,000 volts that burned him to death. The author's research uncovered Westinghouse's sardonic observation following this gruesome fiasco - "they would have done better using an axe." Westinghouse's AC system subsequently won the day, as we all know.I recommend this book certainly to lawyers, as an interesting primer on how the modern law firm system emerged and evolved, but also to laymen, as a new look at the personalities and dynamics which transformed the Gilded Age and forged it into the momentous industrial behemoth of twentieth century America.

White Shoe is an extraordinary depiction of how America's big law firms grew from one-man outfits to worldwide power houses through their association with the country's biggest corporate clients. The ingenuity and technology that helps this change occur is fascinating. The author's research is meticulous and the narrative he crafts is articulate, engaging, and entertaining. I learned a great deal from this book and highly recommend it to people of all ages interested in the societal change and growth over the course of the past century-plus, changes in American industry, and the development of the multi-national law firm way. A truly great read.

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