ITALY: Money for Power

One hundred potent citizens of Milan—bankers, industrialists and men of science —sat down to luncheon, with a U. S. guest of honor who piqued their curiosity. He was, they understood, a financier whose unusual hobby is to acquire control of clean, smart, pedigreed industries. At present Mr. Aldred and his associates are the bankers for the firms which produce razors stamped "Gillette," silverware with the venerable Manhattan hall mark "Gorham," and U.S.-made motor cars bearing the nameplate "Rolls-Royce." Clearly this guest, this Signor John E. Aldred, was worthy of Italian observation. Especially so, because today the Manhattan financial...