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...valise full of gold and bank notes, the angry building contractor was satisfied at last. But stories of his plight got out to other depositors, who stormed the bank demanding their money. Once again Liambey howled for help and the depositors were paid off, but the effort severely strained Monaco's credit...

Author: /time Magazine | Title: MONACO: The Gambling Banker | 7/18/1955 | See Source »

Strictly speaking, the Société Monétgasque de Banque et de Méttaux Prétcieux, run by swarthy Greek Promoter Constantin Liambey, is only one of 13 banks in Monaco. But it had this advantage over most of the others: some $2,500,000 of Monaco's state funds were deposited in its coffers. In the eight years since he opened his bank, the favor of autocratic Prince Rainier and his top advisers had made johnny-come-lately Liambey one of Monaco's richest...

Author: /time Magazine | Title: MONACO: The Gambling Banker | 7/18/1955 | See Source »

Last week, in the worst crisis to over take his realm since 1871, the prestige and power of handsome, autocratic Prince Rainier lay under eclipse. With Monaco's solvency teetering in the balance, Rainier's National Council stepped in, began a searching investigation. First move: to persuade French police to arrest Banker Liambey in his villa at nearby Saint-Jean-Cap-Ferrat...

Author: /time Magazine | Title: MONACO: The Gambling Banker | 7/18/1955 | See Source »

...will set some of Italy's top singers (Fedora Barbieri, Giuseppe Di Stefano, Mario Del Monaco) in heroic operatic surroundings...

Author: /time Magazine | Title: Music: Europe by Ear | 5/30/1955 | See Source »

Even in his restaurant, René has never been far from the track. Drivers are forever dropping by for advice, old friends come to reminisce about the races in which he made his reputation: Le Mans, the Grand Prix of Monaco, Indianapolis, Targa Florio in Sicily, the "Million-Franc Race" at Montlhery. When Chicago Industrialist S. H. ("Wacky") Arnolt decided to enter three of his Arnolt-Bristol sports cars in this year's Grand Prix at Sebring, it was not surprising that he turned to René Dreyfus when he needed a team captain. And it was not surprising...

Author: /time Magazine | Title: Sport: The Oldtimer | 3/14/1955 | See Source »

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