The Last Penny

The story is an interesting coming of age 'of its era'. All of Lefevres stories are based in and around the Gatsby days as this was when he was living and dealing with stock brokers and traders. So its all his books are an interesting insight to that time. What this book has to offer is more a quaint story about a father and son and leaving collage to become a man. (Tim Duggan)

About the author:

Edwin Lefèvre (1871-1943) was an American journalist, writer, and diplomat, who is most noted for his writings on Wall Street business.

Of the eight books written by Edwin Lefèvre, his Reminiscences of a Stock Operator is considered a classic of American business writing. The book began as a series of twelve articles published during 1922 and 1923 in The Saturday Evening Post. It is written as first-person fiction, telling the story of a professional stock trader on Wall Street. While published as fiction, generally, it is accepted to be the biography of stock market whiz, Jesse Livermore. The book has been reprinted in almost every decade since its original publication in 1925, the latest put out by John Wiley & Sons in hardcover and a paperback edition in 1994 that remains in print. It has been translated into the Chinese, German, French, Polish, and Italian languages, amongst others. A George H. Doran Company first edition, even in fair condition, may sell today for more than a thousand dollars. In December 2009, Wiley published an annotated edition that bridges the gap between Lefèvre's fictionalized account and the personalities, exploits, and locations that populate the book. Page margins notations in the 2009 edition explain the historical setting and the real companies, individuals, and news events to which Lefèvre alludes.

In 1925, Lefèvre authored a second book about a stock trader, a factual biography with the title The Making of a Stockbroker. This book was about John K. Wing, a senior partner of Bronson and Barnes, a major Boston stockbrokerage, whose approach to the business provided a contrast to that of Jesse Livermore, the veiled subject of his earlier book.

On his death in 1943 (aged 71-72), Edwin Lefèvre's estate in Dorset, Vermont (near Manchester) was passed to his widow. Built about 1820, it was the first home in the United States made with marble quarried right on the property. Their eldest son, Edwin Lefèvre, Jr. (b. 1902), who also worked on Wall Street, inherited the home and completely restored it in 1968 when he retired there. Now it is listed on the National Register of Historic Places. Their second son, Reid Lefèvre (b. 1904), was the founder of the traveling carnival known as the "King Reid Show" and a politician. He was elected to the Vermont General Assembly, serving as a member of the House of Representatives from 1947 to 1959 and the state Senate from 1961 to 1963. (wikipedia.org)