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Seeking Divorce. Mrs. Louise Wise Lewis Francis, 39, niece & heiress ($5,000,000) of the late Oilman Henry Morrison Flagler; from Frederick G. Francis, 37, her third husband; in Miami...

Author: /time Magazine | Title: Milestones, Nov. 2, 1936 | 11/2/1936 | See Source »

Before embarking on his yachting trip, England's Edward VIII had stopped in Salzburg, snapshot the land marks, heard no music. Elsa Maxwell, funster for the unimaginative rich, was there. So were Steelman Myron Taylor, Music Patron Harry Harkness Flagler, Mrs. Woolworth Donahue, Secretary of Labor Frances Perhins, Singers Ganna Walska and Feodor Chaliapin. Long before the season opened, 11,316 U. S. visitors had made hotel reservations, bought $200,000 worth of concert and opera tickets. Last week with the Salzburg season half over, hawkers were doing a thriving business in cushions for the hard Festspielhaus seats, trade...

Author: /time Magazine | Title: Music: Salzburg's Season | 8/24/1936 | See Source »

...Founder Flagler lived only one year after his triumphal entry into Key West. The bulk of his fortune was left to his wife, Mary Lily Flagler, who was a seamstress in a Newport mansion when Mr. Flagler met her while visiting her employers. Later she married Robert Worth Bingham, now U. S. Ambassador to Great Britain. To him she left $5,000,000, but again the bulk of the Flagler fortune went undivided into a trusteed estate. In her will, Mrs. Mary Lily Flagler Bingham made one provision which has kept lawyers guessing ever since. For 21 years the residuary...

Author: /time Magazine | Title: Business: Abandoned Keys | 2/24/1936 | See Source »

Until the collapse of the Florida boom, this will had only academic interest for the public. All of Florida East Coast's stock was held by the Flagler estate, the only publicly-owned securities being equipment trust certificates and a small first mortgage bond issue. But in order to handle boom traffic, the road had to embark upon a development program which included double-tracking the main line from Jacksonville to Miami. Consequently $45,000,000 of bonds were marketed through J. P. Morgan & Co. Peak year for the 812-mile "Flagler System" was 1926, when gross revenues were...

Author: /time Magazine | Title: Business: Abandoned Keys | 2/24/1936 | See Source »

...Only one of the road's two receivers brought suit, since the other, William Rand Kenan Jr., occupies the curious position of being also a trustee of the Flagler estate and a big beneficiary under the Flagler will. A brother of Mrs. Mary Lily Flagler Bingham, he will divide the residuary estate in 1938 with his two sisters, Mrs. Sarah Graham Kenan and Mrs. Jessie Kenan Wise. Last week all three were socialiting upon Florida sands...

Author: /time Magazine | Title: Business: Abandoned Keys | 2/24/1936 | See Source »

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