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Someone should have told His Serene Highness Prince Rainier about Greeks bearing gifts. Twelve years ago, he welcomed Aristotle Socrates Onassis to Monaco. Now he regrets...

Author: /time Magazine | Title: Monaco: The Monarch & the Magnate | 10/1/1965 | See Source »

Onassis did not come emptyhanded. Rainier was originally delighted to see him, because the Greek shipping magnate invested some $1,500,000 in 52% of the stock of the Société des Bains de Mer, an Edwardian sprawl of properties that includes the casino, the yacht club, the 60-year-old Hótel de Paris and about one-third of Monaco's 375 acres. Bien, thought Rainier, Ari will also bring in his rich friends, make the roulette wheels spin as they used to before the war-and use the S.B.M.'s reserves to build...

Author: /time Magazine | Title: Monaco: The Monarch & the Magnate | 10/1/1965 | See Source »

...taken for a sucker!" stormed Rainier to a reporter in June. So was Onassis, in one sense, for the Prince enjoys a royal veto over S.B.M. decisions, and the tycoon's only recourse was to protest bitterly to Monaco's 18-man Parliament. He accused Rainier of cutting casino betting by 60% when he outlawed pigeon shooting several years ago (because Princess Grace vowed she couldn't bear the sight of dying birds littering the promenades). Onassis is willing to sell out, but his price is the current one of $17 a share, up from...

Author: /time Magazine | Title: Monaco: The Monarch & the Magnate | 10/1/1965 | See Source »

...Republican Governor Daniel J. Evans, 39, wanted it higher and slipperier. Square-jawed Sportsman Evans took up crampons, ropes and ice ax, fulfilled what he called a lifelong ambition by making the icy, difficult climb to the summit of the state's highest peak, 14,408-ft. Mount Rainier. Guided by a park ranger and Veteran Mountain Man Dee Molenaar, the Governor made the round trip from a 10,000-ft. overnight camp to the tip in a creditable eleven hours and issued a statement: "I am bushed...

Author: /time Magazine | Title: People: Jul. 30, 1965 | 7/30/1965 | See Source »

Born. To Princess Grace, 35, still High Society's leading lady; and Prince Rainier, 41, ruler of Monaco: their third child, second daughter; in Monte Carlo. Name: Princess Stephanie Marie Elisabeth...

Author: /time Magazine | Title: Milestones: Feb. 12, 1965 | 2/12/1965 | See Source »

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