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The Embezzler (novella)

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Wikipedia article




'The Embezzler' is a 1938 short novel by James M. Cain. The work first appeared as a serial in 'Liberty' magazine in 1940 under the title 'Money and the Woman'. In 1943, Alfred A. Knopf published the work as 'The Embezzler' in a collection of novellas by Cain entitled Three of a Kind.Hoopes 1982 p. 301-302

Plot summary



Dave Bennett, a senior bank executive, makes a routine visit to one of its branch offices to observe operations; the branch's savings to commercial deposit ratio seems too good to be true. He discovers that the head teller, the elderly Charles Brent, is suffering from a stomach ulcer; the workaholic strenuously objects to taking leave for the needed surgery. His wife, Sheila, a very attractive young woman, asks Bennett to allow her to assume her husband's duties while he is in hospital, and both men consent.

While temporarily presiding over the branch, Bennett, as well as Sheila, discover that Charles is embezzling funds and has cunningly concealed the imbalance in the accounts. Charles is using the stolen funds to provide his mistress, an employee at the branch, with gifts. Rather than report the matter to his superiors, Bennettwho is falling in love with the beautiful Sheilaenters into a pact with the married woman to correct the accounts and conceal her husband's criminality. Sheila is motivated by her desire to protect her two children from the disgrace of having a convicted criminal for a father. Bennett is motivated by his infatuation with Sheila, though their relationship remains chaste.

Released from the hospital, Charles Brent dies in an armed confrontation with the police. Bennett and Sheila are now free to marry.Skenazy, 1989 p. 63-64: See here for summary of story.Madden, 1970 p. 65: Plot sketch.

Publication history



Cain conceived the story after reading a study"1001 Embezzlers"submitted to him by Clarke Fitzpatrick, a former 'Baltimore Sun' editor who was working at United States Fidelity and Guaranty Company, a firm Cain's father had once served.Hoopes, 1981 p. 321: ...the serial was triggered by a friend who worked for [an] insurance company in Baltimore [who] sent him a study [entitled] 1001 Embezzlers... Written in early 1938, 'The Embezzler' appeared in 1940 as a serial under the title 'Money and the Woman' in 'Liberty' magazine. Cain received $4,000 for the piece.Hoopes, 1981 p. 219: The serial...was written in early 1938 after Cain had experienced one of the few writers block of his long career. And: ...$4,000...Hoopes, 1982 p. 321: Originally titled Money and the Woman in 'Liberty'
Madden, 1970 p. 50: In 1940, a shorter version of 'The Embezzler' appeared as a serial in Liberty as Money and the Woman.


Struggling financially in his efforts to complete his story 'Mildred Pierce', Cain offered to sell the 'Liberty' serial to Alfred A. Knopf as a novel. The publisher considered the novella too short to qualify as a stand alone work, but included it in a collection of serials, retitled 'The Embezzler', and with 'Double Indemnity' and 'Career in C Major', issued it in Three of a Kind in 1943. Cain obtained a $1,250 advance for his short novel.Hoopes,1982 p. 307-308Hoopes, 1981 p. 321: When it appeared in Three of a Kind, Cain had decided it was one of his favorite stories.

Film adaption



In 1940, Warner Brothers obtained the film rights to 'Money and the Woman' for which the studio paid Cain $3,500. He was engaged as a script writer on the project at $1,000 per week.Hoopes, 1982 p. 303 According to biographer Roy Hoopes, Warners was reassured that Cain's short novel provided them with an "upbeat ending", in contrast to his hardboiled novels and short stories that often ended in murder, such as 'The Postman Always Rings Twice' and 'Serenade'.Hoopes, 1982 p. 302: It is a taut suspense story with a more upbeat ending than was usual for Cain. (The following year, the ending helped to sell the story to Warner Brothers.

The producers at Warners were anxious that the Hays Office might censor the production because the female protagonist, Sheila Brent, proves unfaithful to her husband. Producer William Jacobs vetoed these objections and insisted the film adhere to the book's narrative, but the screenplay writing was entrusted to Robert Presnell Jr., not Cain. The Warner picture, which retained the serial title, released 'Money and the Woman' in October 1940, with Jeffrey Lynn and Brenda Marshall in the leading roles.

Essentially a B movie, 'Money and the Woman' was largely ignored by critics and "dismissed by Variety and Time as dull fare...a good story to which something happened on its way to the celluloid." Biographer David Madden reports that the picture "offered good, solid, glittery entertainment [but] attracted very little critical attention."Madden, 1970 p. 47: The project was financially rewarding to Cain, and he returned to writing novels.Hoopes, 1982 p. 303: Cain collected $10,000 to finance a return to his typewriter.

Footnotes



Sources



*Hoopes, Roy. 1981. 'The Baby in the Icebox and Other Short Fiction by James M. Cain'. Holt, Rinehart & Winston. New York.

*Hoopes, Roy. 1982. 'Cain'. Holt, Reinhart and Winston. New York.

*Hoopes, Roy. 1986. 'Career in C Major and Other Fiction.' McGraw-Hill Book Company. New York.

*Madden, David. 1970. 'James M. Cain'. Twayne Publishers, Inc. Library Catalog Card Number: 78-120011.

*Skenazy, Paul. 1989. 'James M. Cain'. Continuum Publishing Company. New York.

Category:1938 novels

Category:Works by James M. Cain

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