Speaking of Operations

So I SAID TO MR. MORGAN--Michael Shepard--Greenberg ($2). In this not too sprightly, not too spiteful burlesque, Author Shepard chaffs the (now temporarily defunct) smalltime Wall Street operator who makes a few lucky killings in a bull market and fancies himself a financier. On the side and from time to time he also chaffs men of less strawy mold, notably Banker Charles Edwin Mitchell (National City) for his extremely bullish utterances, his apparent unawareness of what was going on, just before the late great stockmarket crash. Otto Munson, umbrella-rib manufacturer, sells his business for $20,000 and buys everything he can on margin. Unable to go wrong in the kind of market he has to deal with, he begins to clean up, and before a year is out is worth (on paper) over a million. Of not particularly stern moral fibre, he lets his good fortune unravel him further. His wife leaves him. he becomes a come-on for many, especially chorus wenches with necks for neck- laces. At the crash he is sold out, retires to a bootlegger's farm in Connecticut, whence he indites a form letter to his creditors asking them to advance him the $20,000 he had to begin with, promising to do it all over again.

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