Word: palmed
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...Palm Beach...
...Palm Beach...
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...PALM BEACH is the kind of town where a base population of 10,000 (swelling during the winter to about 40,000, including the contingent of imported British servants) supports no less than eight branch offices of New York Stock Exchange firms; a bank that handles about $500 million in its trust department; some 25 art galleries peddling an estimated $10 million worth of what local Culture Critic Rolf Kaltenborn calls "the worst art per square inch of any place in the world"; a brand new Rolls-Royce dealership that has sold 35 cars since its opening in West Palm...
Louis Yaeger, an investment consultant and Western Union's largest shareholder, prefers informal surroundings. "I can conduct all my business around the pool," he says. So can Frank McMahon, a Canadian oil millionaire. His poolside telephone has four lines for calls to New York and Vancouver. Though many Palm Beach notables deal daily in stock portfolios that could make a conglomerate feel like a shoeshine parlor, it is considered proper to chat not about mergers but perhaps the difficulties of orchid raising...