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Thus unmasked as the leader of a counterfeit gold coin ring, the 24-year-old, French Canadian Besson admitted that high finance was in his blood-he was a nephew of the late, crack-pate deputy Philibert Hippolyte Marcelin Besson, called "the Incredible," famed for his Ed Wynn hairdo and his Europa Dollar. The Incredible, who flourished in the '303, had a theory: Europe could cure its ills in a jiffy by adopting his "international currency based on hours of labor." He burned up the Continent's roads on a motorcycle with wide-open cutout trying to peddle...

Author: /time Magazine | Title: Foreign News: Piker's Nephew | 5/20/1946 | See Source »

...Unlike Nephew Leo, Uncle Philibert laughed at police traps, led the cops Mack Sennett chases. Sometimes he found temporary refuge in a tree, sometimes in Belgium, sometimes in the constitutional immunity of the Chamber of Deputies. But he died (1941) in Riom prison...

Author: /time Magazine | Title: Foreign News: Piker's Nephew | 5/20/1946 | See Source »

...Nephew Leo's financial theories were simpler: create U.S. gold dollars (out of circulation since 1933), British sovereigns and French napoleons and sell them to greedy, panicky black-market speculators. He explained: "The real brain of our association was a Greek, Georges Chou-naris [later arrested] . . . a true artist, a sort of alchemist of the Middle Ages. He combined antimony and lead, then moulded the metal and gold-plated it. Production costs were negligible. In eight months we grossed 100 million francs...

Author: /time Magazine | Title: Foreign News: Piker's Nephew | 5/20/1946 | See Source »

...Russian Ambassador Dmitri Alexandrovich Zhukov, who had chartered a DC-4 in Newark last week and had flown down with his wife and two children, seemed more embarrassed than pleased by the flamboyant reception. He hastily denied a local Communist boast that he was Marshal Georgi Zhukov's nephew, said he merely shared the same name-"just as Fernandez is the name of your Foreign Minister and also that of a prize fighter, Antonio Fernández...

Author: /time Magazine | Title: CHILE: Bienvenida | 4/22/1946 | See Source »

...Brand in His Bonnet. The changeover from one-man control to many-man control began for McCormick & Co. in 1932. That year, autocratic, hard-driving Willoughby M. McCormick, founder of the business, left it to his nephew Charlie. The new boss looked his 43-year-old gift horse squarely in the teeth and found it shaky financially, low in morale, wary of initiative...

Author: /time Magazine | Title: CORPORATIONS: Clap Hands, Here Comes Charlie | 4/15/1946 | See Source »

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