THE FINEST ESCAPE, PART 2

I guess solutions to problems make themselves known in the strangest and the most unexpected of circumstances. Like flying mouses.

Take my Dad, for example (or Please!). He had made his greatest escape from his under-privileged origins as a Merchant Marine.  Sailor that he was, though, he was not able to elude the imprisonment of old age infirmities. In later life, as my prison warden, I, too, was obligated to escape. I had no choice in the matter but to throw the chair through the office window and climb out.

To put it simply, he was killing me!

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The PANOPLY OF SWAGGER series charted both my Dad’s incremental decline and my concomitant exits from Olcott International.  In the initial installment, I recounted how Dad started neglecting his beautiful business in the slightest of ways. By shorting one of his top salesmen of his commission. Maybe it was a one-off? Ultimately, it wasn’t. The same thing happened with others, like Bob Gerhardt, in the harshest of ways.

In the second, I regaled my readers with the beginnings of a horned parade of spurious investment ideas beating a path to my Dad’s doorstep. It all started innocuously enough. A table game with Huntington Hartford. Oil drilling in Kansas. But it didn’t stop there. It accelerated whereby Dad got churned for a million by a stockbroker. He had the good sense to sue for his money back. But when he prevailed in court, he turned around and reinvested with the very same advisor!

Tail chasing eats up valuable time.

In the third part, I tried in vain to get my Dad’s eye back on the eight ball.  Instead, I was reduced to pleading in his kangaroo court, where the appellate judge was either the cleaning lady or my drug-addicted colleague. By hook or by crook, I did everything I could to draw his attention to where it should have been.

But it was no use.  Ever have days like that?

MENTOR WANTED!

The storied history of Olcott International has been covered in detail over the last year and a half.

As you may recall from my post “THE END OF AN ERA,” the company had its origins when the proposed merger between the British patent leader Marks & Clerk and Bernard Olcott & Associates fell apart in 1969.  The partners of the former founded Computer Patent Annuities in St. Helier, Jersey, Channel Islands. My Dad founded Olcott International in Weehawken, New Jersey.  So it was henceforth a battle of the Jerseys.  Think Bayonne versus Bermuda.  (Rodney Dangerfield once boasted of his summer house in the former).

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Remember how I wrote that it was Dad’s idea that their proposed joint venture be based in the Channel Islands (to avoid Inland Revenue’s excessive tax rates in the late 1960s)?  The aforementioned partners of Marks & Clerk relocated to picturesque St. Helier setting up shop there (to reduce their tax bite).  One of the partners, Ray Chinnery, has a son my age, Martin who informed me that, thanks to my Father, he grew up in Jersey, not his native Birmingham (England, not Alabama).  Rock fever notwithstanding, Martin still lives and works there!