Why gentlemen prefer bonds: the 1929 stock market crash

“Gentlemen prefer bonds,” said Andrew Mellon (1855-1937), wealthy American financier, banker, and U.S. Treasury Secretary. Commons shares, or stock, were considered too speculative for gentlemen; best left to disreputable speculators. Had more investors heeded Mellon’s advice, the horrendous stock market crash of October 1929, which ushered in the Great Depression of the 1930s, would likely have […]

Scandals and charity of evangelist Aimee Semple McPherson

“Los Angeles gasped at the costumes worn” by Ontario-born Pentecostal evangelist, radio preacher and faith healer Aimee Semple McPherson when she testified before a committee of the California legislature during impeachment hearings of state Supreme Court Judge Carlos Hardy, the Vancouver Sun reported, February 5, 1929. McPherson had given Hardy a $2,500 cheque, an alleged […]