HOTELS: Toothpicks and Swizzlesticks

Twelve years ago, short, grey-haired Jay Paley, tired of work at 42, sold his interest in Congress Cigar Co. (La Palina), invested his fortune in prime securities, and set out to view the world. The viewing lasted seven years, and when Mr. Paley finally settled down he hung his hat in the hallway of a mausoleum-like establishment in Beverly Hills, Calif., designed for him by famed Negro Architect Paul Williams. As a permanent resident of the Hollywood area, Jay Paley learned to rumba, played poker for whopping stakes with Joseph M. Schenck...

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