The elegant, silver-haired banker-detective who charmed readers in Banking on Death returns in a mystery involving miscalculations and murder at the National Calculating Company, where an accountant is found strangled with his adding machine cord. Reprint.
Emma Lathen is the pen name of two American businesswomen: an attorney Mary Jane Latsis (July 12, 1927 -October 29, 1997) and an economic analyst Martha Henissart (b. 1929),who received her B.A. in physics from Mount Holyoke College in 1950.
The wonderful thing about the early Lathen's is that they feature Thatcher a great deal. And in this story his sharp tongued mind is on full display. A great mystery, that involves accounting! It may seem that accounting is dull to many people but, having some exposure to it, it actually is interesting and this mystery certainly gets down to the power of numbers and how they are read!
I quite like murder mysteries and especially the older ones (think: Chandler, Hammett, Sayers, Crispin) but I was surprised to find I had never heard of this prodigious duo. Two professional women (from memory one a lawyer, the other an accountant?) adopted a pseudonym comprising elements of both their names so that they could write with anonymity without jeapodising their careers and then wrote several dozen mystery novels set in the world of high finance and trade.
But enough background, the book itself: I found it a charming whimsical read that had a lot of warmth in the casual ways they analysed the underlying personalities - the protagonist is a pleasure to accompany throughout the book. If I had to pick a failing, I would say there is a significantly larger body of work in the personalities that the underlying events. Once a character is murdered, there was a brief description of how the body was found and then this aspect wasn't covered or investigated by anyone again. It is true the greater mystery was the motive behind the murder (a significant fraud that people are trying to detect and unravel) but right up until the last 15% of the book basically nothing had been discovered or resolved. I was nervous about it having a reasonable resolution - and I was not let down. Some key characters cover the entire thing suitably and briefly, and in order that the reader didn't feel cheated, some clever hints that were hidden in the first 85% are dusted off to show that they were sort-of playing fair all along. It's well written but still a bit of cheat. I haven't read any of their other books but if this comes up again I suspect I have the authors' measure.
Anyway, as it stood it was a brief little mystery novel set in the financial services industry with well drawn characterisation and clever observations on society. Well worth a punt.
This is a quite standard mystery centered around a simple but unusual accounting fraud. This book was first published in 1964 and takes place at that time. The business of business was definitely still a man's world then. I found it interesting to follow the descriptions of Mrs. Cobb as she interacted with the male managers. She is described as "nominally the assistant division manager... in Research and Development, actually the guiding intelligence in a division notable for the rapid turnover of its chiefs."
Another good business mystery. And I guessed the murderer! One of the things I like best about this series is the chapter headings. They are always centered around a theme. In this case, since the victim is named Fortinbras, the theme is Shakespeare's Hamlet. Some examples - 2. Enter Fortinbras 8. Weepings and Lamentations 11. Distant Revelry 15. Behind the Arras 20. Exeunt Omnes Also, in this book we learn that Thatcher is 60 years old. I don't think he ever ages, even though the books were written between 1961 and 1997.
Being myself an accountant, it was a nice experience to find notions of accounting and finance mixed with one of my favourite genres, as mystery is. On an absolute partial and subjective point of view, I liked it very much because of the background. As complexity, I can say it was a good read. Nevertheless it is the first book I read from this author, so I hope to find out in the future if her (their) idea kept along further production or stood original within this book.
This is actually a 1964 book. An early entry in the John Putnam Thatcher series. It is clear that the authors were just developing their style. The humor is not bad but not as well-done as in later offerings. The plot resolution is a bit hard to follow and depends upon a greater understanding of the characters than the authors have provided.
I like Emma Lathen's writing and I like her banker, John Putnam Thatcher, but I have to admit that part of this book was a little too complicated to follow. But the general idea shines through and for all the TCP/IS something or other, this is a surprisingly entrancing mystery to follow.
This 1964 Wall Street murder mystery was often fun to read, but the story never generated any real suspense or grabbed my interest. It's a series of cleverly-observed character studies and situations that never really cohere into an engaging mystery story.
The authors (a duo working under the Emma Lathen pseudonym) take an ironic posture toward their story and its characters, but they devote more effort to witty observations and clever dialogue than to crafting a compelling narrative. One problem is that the murder doesn't take place until almost halfway through the book, and events leading up to the crime tend to meander among an at-times confusingly large number of characters. Another is that Thatcher, the "detective" (actually an executive of a Wall Street bank), is just one of several major characters in the story. We don't come to know him very well and never really get inside his head, and in any event Thatcher doesn't assume a proactive role in the murder investigation until the last two chapters. (I should note that Thatcher is a recurring character in a series of books, so perhaps he is better defined in other books which we are meant to have read before this one.)
The setup is very reminiscent of Agatha Christie: we're presented with a large number of suspects, and we're invited to play along with the detective in trying to figure out whodunit. But the crucial clues are not revealed until near the end, so it's not possible to logically solve the mystery before Thatcher does. And the lighthearted ironic tone of the book works against the reader's inclination to muster any sympathy for the murder victim or desire for justice to be done.
All of this being said, I am assigning the book a rating of 3 stars out of 5 because the dialogue and the authors' observations really are quite funny and trenchant, and the book also has some anthropological significance, providing a vivid glimpse into the world of American business, circa 1964. But prospective readers should be forewarned that this book's setting and context may be of limited interest: most of the scenes take place in corporate offices, and the plot is heavily concerned with financial accounting.
This is a 1964 book written by Emma Lathen. Emma Lathen is the pen name of two American authors Mary Jane Latsis (an economic analyst) and Martha Henissart (an attorney). The setting is in 1964 New York City. It is one of those rare business mysteries written by authors who have a deep insight into the world of finance and accounting and develop a thoughtful plot around it. The story is pretty much one of how an accounting fraud went awry and led to murder. It is also about and the role of forensic accounting in uncovering financial frauds. The version I read has a good introduction on the background of the authors and the history of the 24 books series and how it evolves. I also find it useful that the authors provide a full cast of characters up front to make it easy for readers to follow along (the book has quite a few corporate characters). The writing is efficient and crisp and started out strong. However, the story slowed down in the second half and dragged on quite a bit. Overall, I find the book has a very interesting plot and it is a good engaging read.
The story is about a publicly traded company in New York City called National Calculating, which manufactures both cash registers and computers. For many years the company has lost money. Finally, a group of activist stockholders formed the National Calculating Stockholders’ Protest Committee and got a court order to audit National Calculating’s books and financial records. The audit is led by a famed accountant called Clarence Fortinbras (who wrote an authoritative work called Fortinbras on Accounts Receivable), is an expert who other accountants go to when they have difficult problems. In the course of his audit, Fortinbras was surprised that two divisions of National Calculating (Commercial Sales selling to commercial markets and Government Contracts selling to the US Army), head by different people but sell a similar computer equipment, would have one division having big losses and the other having big profits. While Fortinbras’ initial suspicions fell on the head of Commercial Sales as to whether the loss is caused by embezzlement or incompetence, he finally concluded Commercial Sales’ book is in order. Just when he turned his focus on the profit making division Government Contracts, and was ready to demand a physical inventory of the division, Fortinbras was found murdered in his office, strangled with the cord of the adding machine on his desk. Unfortunately for Fortinbras and other people in the case, he never let on what he found prior to his death.
After that, John Putnam Thatcher, a Senior Vice President of Sloan Guaranty Trust, described by the authors as the third largest bank in the world at that time, played the role of a reluctant detective to solve the case. Sloan has a big bond position in National Calculating Therefore, Thatcher has influence over management. After a lot of back and forth and some red herring, as well as an attempted murder on another accountant, Stanley Draper, Thatcher were able to unmask the murderer. It turns out to be Jay Rutledge, the division head of the Government Contracts division. What Rutledge did was to mislead the army into believing that the computer systems National Calculating sold the US Army which is used for artillery targeting has a one-year service life and must be returned and replaced after that. In fact, those systems have a two-year or more service life. So, every year the US Army returns the used computer systems on each artillery piece to National Calculating. Rutledge then moved the returned computer systems around the factory and repackaged them and sold it to the US Army again as new units at full price. This netted the company over $100 million in extra profits over the years and benefited Rutledge personally through bonuses and stock options. Rutledge also cooked the books so that the company’s auditors did not notice the fraud. When Fortinbras requests a physical inventory of the warehouse and raided some satellite offices to get books before Rutledge gets to doctor them, Rutledge knows he may be caught so he murdered Fortinbras. In the end, after Thatcher has pieced all these together, Rutledge knew his game is up and he committed suicide by jumping out his office window.
This entire review has been hidden because of spoilers.
Not many authors could take a mystery based on accounting and make it both intriguing and amusing, but fortunately for the reader, this author did just that. National Calculating's profits are on a downward slump and the stockholders are unhappy. That might not matter too much, except the leader of the Stockholder's Protest Committee is Clarence Fortinbras, author of the famous textbook on accounting, and a man who loves using numbers to ferret out a company's secrets. Fortinbras has turned his sights on Nat'l Calculating, and the company may never recover.
John Thatcher, Senior Vice-President of the world's third largest bank, is unwillingly drawn into this mess but intends to remain out of the fray as much as possible, until someone is murdered. Then he turns all of his curiosity and deductive powers to the situation. Throw in some ineffective leadership, a charming four-star general and a deadly telephone cord, and the reader will be whisked back in time to a delightful 1960's mystery. A solid 3 stars
The Series: Thatcher is an intelligent, detached, wry observer of human nature; a widower with almost no social life. No profanity, sex or violence here. Instead these books feel to me much like Agatha Christie novels, with a focus on a few likable characters and the mystery itself. All the clues the reader needs to unwind the puzzle are included but they're pretty deftly hidden.
The stories are very well-written, intelligent, and the contain some dry humor. People are presented in all their strengths and weaknesses, but Thatcher's general kindness keeps them from looking ridiculous. Usually, anyway. Another strength of the series is the variety of settings. The mysteries don't actually take place at the bank, but instead in different businesses the bank has an interest in, so later books give the reader an insider's look into aspects of these businesses. I really enjoy these forays, as well as the minor characters we meet as the stories develop.
A possible complaint is that, despite the fact that the author was actually two highly successful professional women, all the MCs are men. The only females here are wives, daughters and secretaries. This never bothered me, I think because when the women do show up they're generally pretty sharp and independent. Also, times have changed enough that these books feel more historical than contemporary to me. Still it's too bad no one broke the glass ceiling at Sloan Guarantee and Trust during this series. (Although, it's not like the men are paragons of intelligence or virtue, either. There's a sweetly cynical cast to everyone in these books that I enjoy.)
I've been a fan of this author for decades - I own all of her (their) books, picked up in pre-Internet days from used book stores and library sales. Still, I'm very happy to see the books available on ebook for reasonable prices. You don't always have access to your books, (mine are in storage in another state right now), and it's easier to recommend books to friends if they're actually available to the reader. So, yeah ebooks! (Some Amazon reviews mention terrible typos and other errors. Apparently these have been fixed in the titles I've purchased so far. You can always try an ebook and return it to Amazon if the typos aren't fixed.)
It's not necessary to read the series in order, as each book is very much a stand alone. My favorites are: When in Greece, Murder to Go, Pick Up Sticks, Ashes to Ashes, Murder Without Icing, Going for the Gold and Right on the Money. This author really deserves to be much more widely read. I hope she soon will be.
Auditor Clarence Fortinbras was so ferociously dedicated to finding a suspected fraud that only death was going to stop him. Someone saw the writing on the wall and provided that death. The fraud is so striking that I remembered it from the last time I read it, 30 years ago. Lathen's intelligently amusing writing pulls the reader non-stop to the solution.
While the head office of National Calculating was thrown into chaos by the murder investigation: “Miss Quackenbush, the office manager, chose this period to institute a new supply room control system, designed to cut down the pilfering of ball-point pens, and created so complex a procedure that for several days it was impossible to obtain any carbon paper without requisitioning it on seven carbons, a self-defeating aspect of the scheme that had escaped her."
“Thatcher was relieved to find that [Richter] appreciated the situation without elaboration. After a few days of dealing with Mason, Thatcher had begun to develop an explanatory technique which bordered on the offensive.”
This is the second book of the authors (Emma Lathen is a duo) and in the first chapters they haven’t found their voice yet, which means that the style is a bit clunky. It improves as your progress through the book and they have more opportunities to be mildly satirical. The hapless executives of National Computing foreshadow the numerous incompetents that are encountered in later works.
Happily, the plot is all about money, giving ample opportunity to a disgruntled John Thatcher to figure it out. The marital adventures of Tom Robichaux provide additional diversion, making one feel some regret that he figured less in later books. The end is wrapped up a bit too abruptly, but satisfactorily.
Unfortunately, I have not had the opportunity to read the first two books penned by the two ladies as I was given three of their stories and read this one first. I enjoyed all the banter, the constant poking of fun and the strong woman in a male world exhibited in this book. Inevitably a point is reached in this narrative when it becomes clear that all is not as presented, so determining the guilty individual is straightforward. The mechanism used is pure academia if you are an accountant, but possibly a challenge, if you aren't. I now intend to read a second title to see just how devious the Sixties Wall Street might have been
Interesting reading mysteries set in the 1960s where women were secretaries or wives or temptresses. Most are portrayed as smart but not given responsible jobs.
Interesting twist in the mystery. I am old and it's fun to look back on our lives during the times this series was written and popular. I wish I were more committed to writing about what I read. I think there's a story here and maybe a mystery, although not a murder! Getting older is not as bad as I thought and I've loved 14 months of staying home and reading.
I suppose this book was pretty popular 50+ years ago when it was written. I felt the characters were not well developed. I never knew who anyone was. The story wasn't very interesting. There was no dramatic build-up. No constant second guessing of who-dun-it. No connection with the characters. At the end, I was underwhelmed. As an accountant, I thought this was going to be clever and entertaining. But, it wasn't.
Author of the classic textbook "Fortinbras on Accounts Receivable", retired Professor Clarence Fortinbras is concerned about the books at the National Calculating Company. Do the discrepancies point to inefficiency, or fraud? As a stockholder he obtains an injunction to conduct an audit. When he is strangled with the cord of his own adding machine, Banker John Putnam Thatcher investigates.
I really enjoy John Putnam Thatcher. He is such a gentleman! Of course it was not easy getting these books here in South Africa as for some reason, no Emma Lathen books are on sale. The only way was to order them from used bookshops from all over the world. Took me years to complete my collection, but I now have them all. Great read!
You might not think a mystery revolving around business practices and accounting could be really entertaining, but this one is. I really enjoy this series.
Picked up from a little free library and really enjoyed - just a quick mystery from the 60s that made me think of what my job might be like if there was a murder at one of the companies