ITALY: Purging the Party

The richest man in Italy five years ago was Signor Riccardo Gualino, clapped into jail last week. Like the Courtaulds of England, the Gillets of France, the American du Ponts, Italy's Gualino reaped stupendous riches from the comparatively new trick of producing silk without silkworms. He became a billionaire—in lire. Only recently Billionaire Gualino was virtually sole owner of Snia Viscosa, the leading Italian artificial silk works. His philanthropies were on a scale approached by no other Italian. Sometime ago, when his affairs became entangled, "The Richest Man in Italy" was able...

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