The Toast of New York

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.

In my opinion the finest character actor of the 1930s - mid 1940s was Edward Arnold, whose tragedy (although he would not have seen it that way) was that his acting career was not in a period when leading men (with the exception of the Englishman, Charles Laughton) could be fat. Arnold gave first rate performances time and time again in straight dramas and comic parts. But he was plump, in an age when you hoped a make-up man could make you look like Tyrone Power (as the original lyrics of Hooray for Hollywood suggested). Still he got quite some milage out of his abundant acting talent, expecially playing historical rich men: Diamond Jim Brady (in two films), General John Sutter, and here - "Col." James Fisk, Jr. And his performance, abetted by Frances Farmer, Cary Grant, Jack Oakie, Donald Meek, and Clarence Kolb, makes this film stay alive. It is an entertaining film - but is it historically correct.

Well, it has some of the facts (although it's basis in Matthew Josephson's left wing histories of finance are barely correct). Fisk was a greedy man - no denying it. He did get involved in fighting Vanderbilt (allied with "Uncle Dan'l" Drew)in getting control of the Erie Railroad. He did flee to New Jersey with the printing press to continue printing shares of Erie stock away from Vanderbilt's legal writs. He did try to corner the gold market. And he did romance Josie Mansfield (Farmer). But Vanderbilt was no saint - he was as ruthless as Fisk. Drew was a pretty slippery customer too (here seen to be too easily cowed or frightened). Missing here is Fisk's real partner in cunning (apparently also a really close friend too) Jay Gould. Why he isn't in the film is curious. So is the muted character played by Cary Grant. Grant is Ned Boyd, and aside from being an early ally of Fisk, and later his chief critic (in the Gold Panic), he has little to do but pine for Mansfield. In reality, the character is based on Edward Stokes, Fisk's former friend and business associate who turned on him, out of jealousy, and with Mansfield blackmailed the man - or tried to. Stokes would eventually shoot Fisk (who in real life did fall down a staircase, but in a hotel). Fisk died in 1872. One day his tragic betrayal and death would make an ideal movie. But Arnold can't play it - alas!!

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.

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"

If Jim Fisk were alive and operating today, he'd be on television and would run that well known introvert Donald Trump right off the tube with bad ratings. It's how that colorful fellow operated, never did anything in a small way.

Though the film has taken a great deal of liberty with the facts as has been pointed out by other reviewers, the essence of the man has been quite accurately captured by Edward Arnold. Also the characters of Uncle Dan'l Drew and Cornelius Vanderbilt are finely etched by Donald Meek and Clarence Kolb respectively.

It's quite true that Fisk got the start of his fortune by running contraband cotton out of the South, taking advantage of the fact that the one crop Confederacy couldn't export its crop because of the Union blockade. I'm sure that things were pretty hairy for Fisk as well as for his fictional partners Cary Grant and Jack Oakie.

Josie Mansfield as played by Frances Farmer was certainly not the first or last entertainer to take advantage of the attentions of a wealthy man. That was certainly demonstrated more accurately in Love Me or Leave Me by Doris Day as Ruth Etting. She was not as nice as Farmer and the script made her.

Frances Farmer in her memoirs said that while the film was not the type of material she was looking to do, she did enjoy working with Cary Grant who was to her as he appears on screen.

Though his efforts to control the gold market got him his most notoriety, they were not responsible for Fisk's demise. In fact the film's most glaring factual error was the omission of Fisk's partner in that enterprise, Jay Gould.

By the way Gould was in personal habits the exact opposite of Fisk. He was a rather sober, responsible family man who had no real vices of any kind other than greed.

The second big factual error was in that in the gold cornering scheme Fisk and Gould sought to gain influence in the Grant White House through hooking Ulysses Grant's brother-in-law, Abel R. Corbin in the move. That part did not work.

Nevertheless Edward Arnold in the title role gives a grand portrayal of a most colorful character from The Gilded Age.