Business & Finance: Palais de France

One reason for the fame of Paris is that great building projects have for centuries appealed to the imagination of French rulers. Nowadays, however, the world's great monuments of architecture are reared in the U. S. It was inevitable that sooner or later the French would be driven by their imagination to take a hand in the game. Last week it happened. The French Government, in combination with Builder Irwin S. Chanin and Banker Simon William Straus, dramatically revealed a $50,000,000 Gallic dream.

The dream begins with a dreamlike name, "Le Palais de France."...

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!