The Cooperative Society of America has officially been put into receivership. To no one’s surprise.
And the least surprised is the editor of their newsletter, The Cooperative Commonwealth, newly married would-be novelist Ernest Hemingway, 23.
The founders and executives of the Society are accused of fraud for selling “beneficial interest certificates” to farmers, widows, and small businessmen for half down and half in instalments. But $11 million of the capital went into paper companies and the treasurer has taken off to Canada with about $3 million.
The judge has turned the evidence over to a grand jury.
Ernie is at home, reading the Chicago Tribune’s coverage of the story. He knows that he has to write about it too, in the organization’s own newsletter.
And start packing to move to Paris with his new wife.
“Such Friends”: 100 Years Ago… is the basis for the series, “Such Friends”: The Literary 1920s. Volumes I and II covering 1920 and 1921 are available in print and e-book formats on Amazon. For more information, email me at email@example.com.
Manager as Muse, about Scribner’s editor Maxwell Perkins’ relationships with Hemingway, F. Scott Fitzgerald and Thomas Wolfe, is available on Amazon in both print and e-book versions.
If you want to walk with me through Bloomsbury, you can download my audio walking tour, “Such Friends”: Virginia Woolf and the Bloomsbury Group.
This fall I will be talking about Writers’ Salons in Dublin and London Before the Great War in the Osher Lifelong Learning program at Carnegie-Mellon University.