The Warrington clan, whose wealth and power extend far beyond its native Wall Street to the financial capitals of the globe, faces war, depression, and family turmoil in the early twentieth century
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In this toothsome, yet often ponderous saga by the author of The Ropespinner Conspiracy , the rustle of money reproducing itself is heard continuously at One Hanover Place, headquarters of the Wall Street brokerage firm owned by the illustrious Warringtons. The canny Fletcher Warrington, his dutiful son and heir Howland, and his savvy daughter-in-law Lyda are wary of the dizzying bull market of the late 1920s. With the aid of Lyda's unlikely protege Morris Miles (detested by the other partners because he's a Jew) the firm sidesteps the financial carnage of the '29 Crash. As decades pass and Wall Street changes from a playground for wily robber barons to a world of leveraged buy-outs and insider trading scandals, Thomas burdens the Warringtons with an excess of tragedies. Lyda loses two sons to war, another to drink and a fourth to drowning, and her daughter becomes a raving Christian fundamentalist. Time and place are dazzlingly evoked, but readers unfamiliar with Wall Street's terrain will find the detailed financial footwork hard going.
Copyright 1989 Reed Business Information, Inc.
At the heart of this lengthy novel is S.L. Warrington & Son, an old American financial institution. The story begins in 1924. Wall Street has come out in full force to witness the dynastic marriage of Howland Warrington, heir to the family business, and socialite Lyda Farwell. The Warrington motto, "honor and optimism," influences the way in which Howland conducts business , and "The Firm," rather like a real person, changes and evolves with the times from the Roaring Twenties until the present day. This is a story of ambitious men and women, and their power, mergers, compromises, hostile takeovers, betrayals, and leveraged buyouts. Almost a fictionalized social history of Wall Street, this well-crafted novel will be enjoyed by family saga enthusiasts. Recommended for most popular fiction collections. Previewed in Prepub Alert, LJ 9/15/89.
-Maria A. Perez-Stable, Western Michigan Univ. Libs., Kalamazoo
Copyright 1989 Reed Business Information, Inc.
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