The Toast of New York

Hokey but enjoyable RKO biopic of Jim Fisk, 19th century financier and crook. As with most historical biopics, this is more fiction than fact (especially the end). Actually, I'll say this is even more loose with the truth than the average historical biopic from the time. The story tells how Fisk (Edward Arnold) rises to financial success on a series of crooked deals with his two cronies (Cary Grant, Jack Oakie). Eventually he has a falling out with one of them (Grant) over a girl (Frances Farmer).

Edward Arnold is always worth watching and this is no exception. Cary Grant fans will likely be disappointed at his supporting role, which is more suited to a Patric Knowles type. Still, there are moments where Cary shines above the material. Such as the scene with the bratty actress where he tells her she's ugly. Jack Oakie and Donald Meek are fun comic relief. Of note for having one of the better roles of Frances Farmer's career. She's very good here and, if you don't know about her, you might wonder why she didn't go on to bigger & better things. Well, you should look up her story. It's very interesting and tragic. Overall, it's an entertaining movie. Goes on a little longer than it needs to and the romance stuff is blah. But solid performances and healthy doses of humor help. Worth a look if you're a fan of old Hollywood biopics.

This makes for interesting viewing in the wake of Martin Scorsese's THE WOLF OF WALL STREET (2013), even if I only intend checking that one out in time for the Oscar ceremony next month! It is the biopic of 19th century American financier Jim Fisk – a larger-than-life Edward Arnold – who rose to prominence from nothing but ultimately grew too big for his boots.

The film has a nice period flavour, punctuated by the initial comedy sense of Fisk's petty swindles (done in cahoots with partners Cary Grant and Jack Oakie). Their fortunes turn during the Civil War, but Fisk's ambitions are set too high (taking on mild-mannered tycoon Donald Meek and Clarence Kolb as the famed Cornelius Vanderbilt) and his ruthless tactics certainly do not endear him to rivals and 'victims'. Eventually, Grant himself steps out to oppose him: though this has just as much to do with his personal feelings towards Fisk's girlfriend (played by the tragic Frances Farmer) – whom he at first frowns upon but then falls for (when pushed by Fisk himself to take care of her for him, while he is busy making more money for the two of them!).

The whole is typical Hollywood entertainment of the era, the heyday of the biopics (though Warners had cornered the market in this field, the film under review is an RKO production) – even if the subject matter proves necessarily heavy-going to the casual viewer. The sheer professionalism with which this is made also extends to the bit parts – which, surprisingly yet very amusingly, include two of the most likable foils in the classic comedies of Laurel & Hardy, namely Billy Gilbert as a flustered (what else?) photographer and James Finlayson (curiously unbilled) as one of the myriad inventors who turn up at Fisk's firm hoping to be financed.

The Toast of New York, despite the lavish look, top-notch cast and occasional bursts of energy, is a ten-ton bore - chiefly, I think, because of the long-winded script and pedestrian direction. Others have commented on the production difficulties and personnel changes which may be responsible for the bland result. Early in the story we are treated to a colorful but talky exposition which sets the plot in motion: On the day the Civil War starts, Jim Fisk (Edward Arnold), itinerant peddler, and his partners in crime (Cary Grant and Jack Oakie) devise a scheme to buy cotton cheaply in the South, smuggle it North and sell it at a high price to New England mills, thus launching the career of one of the fabled financial speculators of the 19th century. But, instead of the whiz-bang, rise-and-fall saga laced with comedy which this introduction leads us to expect, we get 100 minutes of routine montages followed by more expository talk (mostly about financial deals), interspersed with boisterous crowd scenes and tepid romantic interludes with the exquisite Frances Farmer, who plays Josie Mansfield, an aspiring stage actress who is taken under Fisk's wing. None of this ever rises above the mundane. Edward Arnold gives his familiar robust, take-charge performance (see the 1937 screwball comedy EASY LIVING and the previous year's COME AND GET IT which this film resembles in theme and plot); Grant and Oakie are pretty much themselves as well, though the full impact of Grant's screen charisma is blunted in this non-comic role. Farmer is presented more as a comely production value than a full-blooded character. She spends most of her screen time in a series of splendid period gowns uttering banalities that barely suggest the emotional states of her character. She too played a similar role in COME AND GET IT, to far stronger effect. One would expect this kind of storytelling from a Warners assembly-line quickie, but it's terribly disappointing to encounter it in a 100-minute-plus grade-A production by RKO. I'll give it a "4" for Farmer and Arnold.

Toast of New York was the Heaven's Gate and/or Cleopatra of its day, a film which almost sank its studio, RKO. RKO invested well over $1 million (a huge sum in 1937) into this film and it shows in every frame--incredible sets and costumes and the kind of polish you don't see anymore. The film was beset with pre-production problems, going through several announced stars (Spencer Tracy, Ginger Rogers, etc.) before settling on Farmer, Grant and Arnold. Writer Dudley Nichols was fired and re-hired as the production began shooting. The film, despite its pedigree, was greeted with decidedly mixed reviews and had lukewarm boxoffice response. Uneven in tone and historically inaccurate, it still is grand entertainment in the late 30s manner, with high drama and low comedy interspersed with about equal measure, and excellent performances by Farmer, Arnold and Oakie. Only Cary Grant seems somewhat ill at ease in a role quite different from his usual screen persona. The press materials on Toast are almost as lavish as the film itself, capitalizing on Farmer's recent success in "Come and Get It." The song Farmer sings, "The First Time I Saw You," was a chart hit for Bunny Berigan (who also charted with the theme from another Farmer film, "Ebb Tide") in 1937.

Great film - starts out as a whimsical joyride and ends with a thought-provoking meditation on the evils of greed. Arnold is grand as the larger than life huckster turned Wall Street whiz. Farmer is his temptation (she actually stars in a musical by that name in the movie) and boy does Arnold take the bait. Unusual mix of biblical imagery and slapstick, but it all holds together. One point of interest - Arnold and Farmer play almost exactly the same characters in another movie of that period - "Come and Get it"