The Great Kansas Bond Scandal
Robert Smith Bader
xiv, 398 pages, 35 illustrations, 6 x 9
Paper ISBN 978-0-7006-0248-3, $16.95
This book tells the story of the
greatest public scandal in the history of the state of Kansas.
At the nadir of the Great Depression, in the summer of 1933,
a million and a quarter in forged bonds and warrants were discovered
in the state treasury and in bond brokerage houses. Before the
affair was over, martial law was declared in the statehouse;
four criminal convictions were effected--including the three
longest sentences in the state's penal history; two state officers
were impeached; six federal indictments were handed down, including
one against the president of one of the Midwest's leading banks;
a record number of civil suits jammed the courts; three banks
closed permanently; a major Chicago brokerage firm went bankrupt;
and one of the principals in the incident committed suicide.
Political alliances had re-formed and regrouped, particularly
in the progressive faction of the Republican Party. The honor,
pride, and image of the state had been seriously, though not
permanently, damaged.
The scandal was all the greater because the perpetrators,
a freewheeling, charismatic con man named Ronald Finney and his
father, W. W. Finney, were intimately involved with two of the
state's best-known public figures, William Allen White and Alf
Landon. Portions of the book focus on the actions and reactions
of White and Landon as they struggled to separate their personal
friendships from their public positions.
Robert Smith Bader examines the multi-faceted affair in fascinating
detail, including the vigorous prosecution of the bond-scandal
defendant, and, later, the dramatic behind-the-scenes attempts
by the friends of Ronald Finney to obtain his release from the
state penitentiary--efforts of a decidedly political nature.
This is more than an interesting tale of graft and skullduggery.
In setting forth the financial, political, psychological, and
personal costs of the episode, the author reveals much about
the cultural history of America's puritanical heartland during
the joyless years of the Depression.
"This book is as fascinating as a novel."--Topeka
Capital-Journal
"Not quite fifty years ago, the sky fell on Kansas. The
revelation of the $1.25 million bond scandal in the summer of
1933 shook Kansans' smug faith in the political purity of their
state. Bader has an unerring instinct for choosing the pertinent
incident and a fine touch in revealing character."--Emporia
Gazette
"In this extremely well-written volume Bader has laid
bare one of the most interesting, if not the most bizarre, series
of events in twentieth-century Kansas."--Great Plains
Newsletter
"Bader brings this vignette of history to life with verve
and panache."--St. Louis Post-Dispatch
"Exceptional."--Journal of American History
ROBERT SMITH BADER is the author of Hayseeds,
Moralizers, and Methodists: The Twentieth-Century Image of Kansas,
and Prohibition in Kansas: A History.
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