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...moment lacked for loyal friends. Last week Shor had no lack of money, either. For $1,500,000 he sold his leasehold, which still has nine years to run, on his 51 West 51st Street restaurant, which he has operated since 1940. Purchaser: William Zeckendorf's Webb & Knapp, which plans to tear down Shor's place, add its 6,000 sq. ft. to an already cleared null building site facing Avenue of the Americas between 51st and 52nd Streets. Likeliest use: a luxury hotel...

Author: /time Magazine | Title: REAL ESTATE: Toots's Roll | 9/22/1958 | See Source »

...deal was made at 3 o'clock in the morning in Chase Manhattan Bank's downtown office. After a night of dickering with Equitable Life Assurance Society, Shor's landlord and owner of the surrounding area, Webb & Knapp called in Shor, gave him his check. Shor, whose memory goes back a long time, told old friend and New York Post Columnist Jimmy Cannon: "Being paid off at 3 in the morning, I felt like a bootlegger. That's when the old mob guys used to do their business...

Author: /time Magazine | Title: REAL ESTATE: Toots's Roll | 9/22/1958 | See Source »

...British challenger, nimbly outran its own trial horse (a U.S. 12-meter named Gleam), the U.S. contenders knocked one another off in a bewildering series of form reversals. At week's end only Easterner looked a loser. Still in the running: Skipper Briggs Cunningham's Columbia, Arthur Knapp Jr.'s Weatherly, Donald Matthews' 19-year...

Author: /time Magazine | Title: Sport: Cup Trials | 9/1/1958 | See Source »

...sailor for 40 years and world Star-class champion in 1930, Knapp, 51, is no stranger to America's Cup races. In the last one, 21 years ago, he crewed aboard Harold Vanderbilt's victorious Ranger. After a slow start, he molded Weatherly's crew into a smooth-working unit, and his boat continues to improve. Vim's Matthews, at 24 the youngest of the skippers, is unsurpassed at beating the competition to the starting line by precious seconds, in last week's trial series trailed only once at the opening gun. But many experts...

Author: /time Magazine | Title: Sport: Cup Trials | 9/1/1958 | See Source »

...light blue Weatherly, whose skipper, Arthur Knapp Jr., has sailed everything from dinghies to ocean cruisers, was designed by Philip Rhodes for a syndicate headed by New Jersey Shipping Executive Henry D. Mercer. With an experienced but highly individualistic crew, she becomes the unknown factor in the America's Cup trials...

Author: /time Magazine | Title: Sport: Contenders for Defender | 7/21/1958 | See Source »

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