Business: Wendel into Kress

When Manhattan's eccentric spinster Ella Virginia von Echtzel Wendel died in 1931, she left to five charitable institutions the bulk of the $36,000,000 fortune which old John Gottlieb Wendel had founded in the fur trade and grounded in Manhattan. To small Drew University of Madison, N. J. fell the lamed Wendel mansion on 39th Street and Fifth Avenue, with a high-fenced side yard which was maintained exclusively for Spinster Wendel's toothless, asthmatic poodle Tobey. Last week it was learned that Drew University had leased the site of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!