Inside Money by Zachary Karabell
Author:Zachary Karabell [Karabell, Zachary]
Language: eng
Format: epub
Published: 2021-05-18T00:00:00+00:00
CHAPTER 10
THE TAPPED
It happened every May, on a midmonth Thursday. The juniors of the college had been talking about it for months, anticipating what might happen, wondering if they would be included and anointed, or left out and humiliated. The ceremony had originally been private, done in the shadow of night, with rumors of who was picked and who was not only gradually trickling out later. But in the 1870s, the juniors had had enough of waiting nervously in their rooms; instead they grumpily marched out to the Old Campus to wait together. So began the public spectacle of Tap Day that had grown by the turn of the twentieth century to involve hundreds of students and onlookers crowding the streets and cramming the windows of adjacent buildings, covered by major newspapers with the same gossipy passion of the Ivy League football games that had come to define the clubby group of Northeast colleges that trainedâif not schooledâthe young men who would, it was assumed, lead the United States. And of those exclusive schools, Yale in those years was the most exclusive of all.
The ceremony itself was simple enough, albeit agonizing for the juniors assembled. All college juniors gathered under a stately oak tree near the Victorian Battell Chapel, waiting till just before the clock struck five, when a small group of derby-wearing seniors, blue suited with the gold pin of membership shining in their lapels, began to weave in and out of the crowd. Quickly, briskly, they would tap a select few and utter one simple command: âGo to your room.â The ones chosen would scatter, while the others were left to face the rest of the year still part of the select but not eligible for the inner sanctums. Even in elite circles, there are rooms within rooms.
Three âsecretâ societies, none particularly secret, and called at Yale âsenior societies,â would choose on that May day fifteen juniors apiece, for membership in Skull and Bones, Scroll and Key, or Wolfâs Head, or any of the other clubs. In the case of Skull and Bones, the most coveted, that meant a place in the Tomb, the societyâs neogothic clubhouse, fitting for a group whose alternate name was the Brotherhood of Death. The first decades of the tap ceremony had been a Yale-only affair, but with the rise of American wealth and power, fascination with the lives of the elite grew. Tap Day became a regular feature of The New York Times and other major papers, with reporters keeping a running ledger of who was picked and publishing their names the next day along with colorful commentary.1
Being tapped was the peak of a Yale studentâs career. It was admittance to the ultimate club, more selective than any club that these men would later join. Once in, they would be embraced by a tight group bound by honor and privacy, where they could all drop the pretense of who they were supposed to be and be as they were. They could, safely,
Download
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.
International Integration of the Brazilian Economy by Elias C. Grivoyannis(75123)
The Radium Girls by Kate Moore(11621)
Turbulence by E. J. Noyes(7702)
Nudge - Improving Decisions about Health, Wealth, and Happiness by Thaler Sunstein(7247)
The Black Swan by Nassim Nicholas Taleb(6770)
Rich Dad Poor Dad by Robert T. Kiyosaki(6182)
Pioneering Portfolio Management by David F. Swensen(6082)
Man-made Catastrophes and Risk Information Concealment by Dmitry Chernov & Didier Sornette(5652)
Zero to One by Peter Thiel(5494)
Secrecy World by Jake Bernstein(4389)
Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance by Janet Gleeson(4101)
The Age of Surveillance Capitalism by Shoshana Zuboff(3990)
Skin in the Game by Nassim Nicholas Taleb(3971)
The Money Culture by Michael Lewis(3849)
Bullshit Jobs by David Graeber(3836)
Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb(3726)
The Dhandho Investor by Mohnish Pabrai(3561)
The Wisdom of Finance by Mihir Desai(3526)
Blockchain Basics by Daniel Drescher(3331)
