said that it seemed to him, if his memory was at all dependable, that Frank Blunt had beaten up his five-year-old sister and had appropriated a bar of candy in her possession. Frank Bluntâs second cousin, Lucy, offered the acid comment that the dollar which bought off the larger boy had been appropriated from Frankâs motherâs purse; and three more men whose memories had been jogged offered the information that Frank had covered his investment by selling protection to the smallest kids at twenty-five cents a kid. Be that as it may; it was a long time ago. The important factor was that it illustrated those two qualities which contributed so much to Frank Bluntâs subsequent success: his gift for appropriation and his ability to make a deal if the price was right.
The story that he got out of secondary school by purchasing the answers to the final exam is probably apocryphal and concocted out of spleen. No one ever accused Frank Blunt of being stupid. This account is probably vestigial from the fact that he bought his way out of an expulsion from college by paying off the dean with a cool two thousand dollars, no mean sum in those days. As with so many of the stories about Frank Blunt, the facts are hard to come by, and the nastiest of the many rumors pertaining to the incident is that Frank had established a profitable business as a pimp, taking his cut of the earnings of half a dozen unhappy young women whom he had skillfully directed into the oldest profession. Another rumor held that he had set up a mechanism for obtaining tests in advance of the testing date and peddling them very profitably. But this too could not be proved, and all that was actually known was his purchase of the dean. It is also a matter of record that when he finally left college in his junior yearâa matter of choiceâhe had a nest egg of about fifty thousand dollars. This was in 1916. A year later he bought his way out of the draft for World War I in circumstances that still remain obscure.
Two years later he bought State Senator Hiram Gillard for an unspecified price, and was thereby able to place four contracts for public works with kickbacks that netted him the tidy sum of half a million dollarsâvery nice money indeed in 1919. In 1920, when Frank Blunt was twenty-four years old, he purchased four city councilmen and levied his service charge on fourteen million dollarsâ worth of sewer construction. His kickback amounted to a cool million dollars.
By 1930 he was said to be worth ten million dollars, but it was the beginning of a muckraking period and he was swept up in the big public utility scandals and indicted on four counts of bribery and seven of fraud. Frank Blunt was never one to count small change, and at least half of his ten-million-dollar fortune went into the purchase of two federal judges, three prosecutors, five assistant prosecutors, two congressmen, and one jurymanâon the basis that if you are going to fix a jury, itâs pointless to buy more than one good man.
One of the congressmen subsequently became a business associate, and Frank Blunt moved out of the scandal with clean hands and the receivership of three excellent utility companies, out of which he netted sufficient profit to more than replace his expenses for the cleansing.
He often said, afterward, that his Washington contacts made during that time were worth more than the expenses he incurred in, as he euphemistically put it, clearing his name; and unquestionably they were, for he got in at the rock bottom of the offshore oil development, operating with the boldness and verve that had already made him something of a legend in the financial world. This time he purchased the governor of a state, and it was now that he was said to have made his famous remark:
âYou can buy the devil himself if the price is right.â
Frank Blunt never quibbled over the price. âYou cast your bread upon the waters,â he was fond of