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By Geoffrey C. Ward

Ferdinand Ward was once the best swindler of the Gilded Age. via his unapologetic villainy, he bankrupted Ulysses S. supply and ran roughshod over the complete international of finance. Now, his compelling, behind-the-scenes tale is told—told through his great-grandson, award-winning historian Geoffrey C. Ward.

Ward was once the Bernie Madoff of his day, a meant genius at making significant cash speedy on Wall highway who became out to were operating an enormous pyramid scheme—one that finally collapsed in a single of the best monetary scandals in American historical past. The son of a Protestant missionary and small-town pastor with secrets and techniques of his personal to maintain, Ward got here to manhattan at twenty-one and in below a decade, armed with attraction, power, and a complete loss of sense of right and wrong, made himself the enterprise accomplice of the previous president of the U.S. and was once greatly hailed because the “Young Napoleon of Finance.” truthfully, he grew to become out to be a whole fraud, his complete lifestyles marked by means of dishonesty, cowardice, and contempt for whatever yet his personal interests.

Drawing from millions of relatives files by no means ahead of tested, Geoffrey C. Ward lines his great-grandfather’s speedy upward thrust to riches and reputation and his much more dizzying fall from grace. There are mistresses and mansions alongside the way in which; speedy horses and crooked bankers and corrupt big apple officers; court docket confrontations and 6 years in Sing Sing; and Ferdinand’s determined scheme to kidnap his personal son to get his arms at the property his overdue spouse had left the boy. here's a nice tale a few vintage American con artist, informed with boundless attraction and dry wit through one in every of our most interesting historians.

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44] Example: The states and private parties keep information about the identities of drivers. , from states to companies that want to sell cars), the information is an article in interstate commerce and Congress may regulate how it's used. 4. [Reno v. Condon] "Substantially affecting" commerce: Finally, the biggest (and most interesting) category is that Congress may regulate those activities having a "substantial effect" on interstate commerce. S. v. a. ] As to this category, the following rules now seem to apply: [44] Activity is commercial: If the activity itself is arguably "commercial," then it doesn't seem to matter whether the particular instance of the activity directly affects interstate commerce, c A as long as the instance is part of a general class of activities that, collectively, substantially p affect interstate commerce.

2. Use of conditions: Congress may place conditions upon use of its spending power, even if the congressional purpose is in effect to regulate. Conditions placed upon the doling out of federal funds are usually justified under the ''Necessary and Proper" Clause (which lets Congress use any means to seek an objective falling within the specifically-enumerated powers, as long as the means is rationally related to the objective, and is not specifically forbidden by the Constitution). [59] Example: Suppose Congress makes available to the states certain funds that are to be used for improving the states' highway systems.

Interpretation: C-13 The Clause means, in the most general sense, that Congress may not appoint executive-branch or judicial-branch federal officials. c. , top-level officers), the President nominates a candidate, and the Senate must, as a consti­ tutional matter, decide whether to approve the nomination. As to such officers, Congress may not take away or limit the President's right of appointment. [125] i. Cabinet members: "Principal" executive-branch officers are people who have no boss except for the President.

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