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Last week a U. S. Coast Guard destroyer steamed out beyond the Virginia Capes to police another exciting treasure hunt. Goal was the Merida, sunk in 210 ft. of water in 1911 with bullion and jewels in her vaults. In the Salvor, backed by Vincent Astor & friends, Captain Harry L. Bowdoin set out to catch the prize. Aboard he carried stout metal cylinders with movable legs and arms attached, which were to enable his divers to work comfortably at great depths. The weighty apparatus (1,400 Ib. at the surface) is also equipped with searchlights. Also aboard, Captain Bowdoin carried...

Author: /time Magazine | Title: Science: Undersea Gold | 5/22/1933 | See Source »

...With an Astor, a Mellon, a Widener, a Baruch, a Pulitzer, two Du Ponts and many another notable, Franklin Roosevelt last week attended his first Gridiron Club dinner as President of the U. S. From the seat of honor in the Willard Hotel ballroom he watched Washington correspond- ents royally "roast" his New Deal in song and skit. Burlesqued before him was "a wonderland from which men in hair shirts have been expelled by men in asbestos pants." With a high wide grin he saw himself welcomed into the peerage of dictators by Russia's Stalin, Italy...

Author: /time Magazine | Title: THE PRESIDENCY: The Roosevelt Week: May 8, 1933 | 5/8/1933 | See Source »

...quarters of the tax in January, one-quarter in July. The beer tax was reduced a penny a pint and brewers announced that this reduction would be passed on to consumers immediately. Another dispensation was permission to brew strong ale up to 6% by weight. Snapped persistently dry Lady Astor: "It's a brewer's budget. . . . What the government has clone is to suspend the sinking fund in order to create a drinking fund...

Author: /time Magazine | Title: GREAT BRITAIN: Precarious Equilibrium | 5/8/1933 | See Source »

...Bori. The Metropolitan has been saved. . . . Lucrezia Bori thanks you." Well through the night the merriment went on. Royalty became democratic, went visiting around to the boxes where champagne corks kept up a steady popping. Austria's Francis Joseph (Prince Chlodwig Hohenlohe-Schillingsfurst) left Empress Elizabeth (Mrs. Vincent Astor) to pay his respects to Lawyer Paul Drennan Cravath, the Metropolitan's big old board chairman, who was not in costume but stayed up to the very end. Upstairs the sedate refreshment room had been transformed into a beer garden with a gambling salon leading off it. Next winter...

Author: /time Magazine | Title: Music: Metropolitan's Ball | 5/8/1933 | See Source »

...turned 60, was ten years ago a great utility man, master of Central States Electric Corp. and North American Co. The degree of his mastery is evident from the fact that in 1931 he controlled of North American. Naturally he was rich. As an interesting gesture he with Vincent Astor, Marshall Field and the late Henry Devereaux Whiton financed William Beebe's expeditions to the Sargasso Sea and the Galapagos Islands-with the result that there is today a Harrison Williams Volcano in the islands. He also bought the Krupp-built Vanados, then largest yacht afloat, with a cruising...

Author: /time Magazine | Title: Business & Finance: Southern Beauties | 4/24/1933 | See Source »

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