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...than $15 million in silver coins, gold dust, and artifacts; the Whydah's bell alone has been appraised at $5 million. Clifford, who has meticulously studied the manifests and other records of the 50-odd ships plundered by the Whydah's captain before his ship sank, estimates that the loot still in the sand is worth $380 million more. It includes 500,000 to 750,000 silver coins, 10,000 lbs. of gold dust, a casket of "hen's-egg-size East Indian jewels" and some African ivory...

Author: /time Magazine | Title: Science: Down into the Deep | 8/11/1986 | See Source »

...taking and hoarding of things--from the excess called prodigality, which is a messier and more full-blooded fault, a form of generosity, almost, but one that has come unhinged. Ideally, world-class plundering should try to pay its way as entertainment. The Romans had a genius for transforming loot into colossally vulgar display, ostentation on an imperial scale. The Emperor Elagabalus, it is said, ordered his slaves to bring him 10,000 lbs. of cobwebs. When they finished the task, Elagabalus observed, "From this, one can understand how great a city is Rome." Louis XIV of France wore...

Author: /time Magazine | Title: Essay: The Shoes of Imelda Marcos | 3/31/1986 | See Source »

...loot alone could not have caused such family tangles. The problem was that the Gettys were not a family. J. Paul's five marriages produced five sons. Only two, Jean Paul Jr. and Gordon Peter, were full brothers. How much one can blame a father for the fate of his children is uncertain, though Getty's absenteeism and disparaging attitude toward his sons were not helpful. The oldest, George F. II, a president of Tidewater Oil, died an apparent suicide in 1973. Jean Ronald, born to a German mother in 1929, left the family oil business to produce...

Author: /time Magazine | Title: Books: Hazards of the Midas Touch the Great Getty by Robert Lenzne | 3/17/1986 | See Source »

...member entourage brought with them 22 boxes of freshly minted pesos and 278 crates of jewelry, artworks, gold and real estate deeds. That cache last week became the centerpiece in a tug-of-war between Marcos and the new government of Corazon Aquino, which claimed that the loot and other Marcos wealth abroad legally belonged to the Filipino people. The Reagan Administration found itself caught between its desire to help the fledgling Aquino government and its promise to provide Marcos with a dignified exile. "These are complicated questions," said State Department Spokesman Bernard Kalb of the treasure hunt...

Author: /time Magazine | Title: The Philippines Digging for Treasure | 3/17/1986 | See Source »

...celebrations in the Philippines since its deliverance from the Japanese in 1945 and its independence from the U.S. in 1946. At the Malacanang Palace, giddy with excitement, hundreds of Filipinos would scale fences and storm their way through locked doors in order to glimpse--and in some cases to loot--the ornate Spanish-style palace that had served as Ferdinand and Imelda Marcos' seat of almost absolute power...

Author: /time Magazine | Title: The Philippines Anatomy of a Revolution | 3/10/1986 | See Source »

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