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Joseph P Joe Kennedy Sr — Part 7
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banking for,a while and become a3sistant general manager of the
Fore River Plont of the Bethlehem Shipbuilding Corporation, He
spent twenty months building. ships for Bethlehen Steel and
Assistant Secretary of the Navy Franklin D. Roosevelt, got himself
on the board of trustees ‘of the Massachusetts Electric Company,
ond finally in 1919, jotned the Boston Branch of the Hayden-Stone
Company, investment bankers. In thot same year, Kennedy also .
bought control of a New England chain of thirty-one small movie — }
houses, and for several years he speculated extensively on the
stock market. - |
. In 1926, Kennedy sold part of Ais little theuter chain,
bought control of the Film Booking Offices of Americc, and started
making motion pictures. In 1928, he became special supervisor on
the board of Pathe, and later chairman of the board. He bought a
controlling interest in Keith, Albee, Orpheum Theaters Corporation
and for five months served cs choirran of their board, Finally,
a reshuffling of atocks and the formation of Radio, Keith, Orpheun,
left hin holding a fortune in RKO. He retained only the chairman-
ship of Pathe, and left that position in 1930, but when, he quit
the movies he was reportedly worth five million dollars. —
(Current Biography 1940; Who's Who in America 1948-49)
. Be Fennedy's Interest in National Politics 1932-1938
It was reported that Kennedy gave fifteen thousand
Goliars to the 1932 democratic campaign fund, lent five thousand
|b
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