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America's top banana

The latest tale by the author of 'Tough Jews' is full of wheeling-and-dealing drama but is marred by its style

August 3, 2012 10:22
Samuel Zemurray

ByJosh Glancy, Josh Glancy

2 min read

"Maybe it was the pent-up energy of dozens of thwarted Jewish gener-ations confined to the ghettos of Europe… or maybe it was with him in the cradle, the intangible thing that made him go”. Either way, for Rich Cohen, the extraordinary story of the “banana king” Samuel Zemurray is “a parable of the American dream”. He embodied the drive and the immigrant’s will to succeed that can flourish in a free, open society, but also the likelihood that “you can’t be both powerful and righteous”.

Zemurray was born in 1877, in Tsarist Russia. Sent to America by his family at 14, he ended up in the port of Mobile, Alabama, where his exploits in the banana industry began. Tall, confident and fiercely ambitious, Zemurray spotted a gap in the market and quickly established a thriving business which led him to the source of the action, the steamy lowlands of Central America.

His other great quality as a businessman was his immense chutzpah. Cohen recounts how Zemurray was summoned by the State Department in 1910 and informed that he must desist from his business activities in Honduras. Faced with the opposition of the mighty American government, this lone Russian immigrant did not back down. Instead, he organised a coup d’etat by despatching a group of mercenaries to install a puppet president sympathetic to his ambitions.

Later, in 1929, Zemurray’s hugely successful Cuyamel fruit company merged with the mighty United Fruit. Having acquired enormous wealth, the banana king took early retirement. But he was unable to sit on the sidelines for long and a few years later he gathered together the necessary voting rights, marched into a meeting of the patrician Bostonian directors and announced that the president of the company was fired. “You gentlemen have been f***ing up this business long enough”, he bluntly declared.