Business: Peanuts & Pepper

"So this is the end."

A pale, haggard man mumbled the words to himself as he slumped lower in his chair in a fourth-floor apartment of the swank colonnaded Taj Mahal Hotel in Bombay one day last week. India manager of the great London grain firm of Strauss & Co., he had just been ordered to close his office, stop all payments at once. Presently a messenger arrived with a cablegram. It was from his wife in England. "Try not to worry. Good luck and love." Slowly the man dragged himself across the room to...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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