Monday 16 January 2023

the night of january sixteenth (10. 423)

In a rather satisfying coincidence, this day in 1983 marks the the expiration of the monopoly for the manufacture of safety matches (Zรผndwarenmonopol) in West Germany when the rights were acquired by Swedish swindler, Ponzi scheme architect and racketeer Ivar Kreuger—the Match King who’d fit in perfectly with contemporary grifters and fraudsters—in 1930 with a loan of five hundred million Reichsmark to the Weimar Republic, whose bonds extended through World War II and finally lapsed—and the titular stage play by Ayn Rand (previously), inspired by the death of Kreuger († 12 March 1932—usually performed as Woman on Trial. The lover of industrialist Bjorn Faulkner (Kreuger’s analogue, whom Rand became obsessed with though was quite a questionable pillar to uphold) is accused of his murder and the author’s intent to dramatise the conflict between conformity and individualism leaves the verdict unresolved and invites the audience to decide. The courtroom setting is artistic license as most likely Kreuger committed suicide facing the prospect of bankruptcy once accounting manipulations were revealed, paying investors dividends from their own money. One year after its premier in Los Angeles, the production team took it to Broadway in 1935 and saw a revival in 1973 under the title “Penthouse Legend.” Meanwhile it was adapted into a film in 1941—which was not a commercial or critical success—and a 1989 Bollywood version called Gawaahi (Testimony), which might be worth seeing.