Joseph E. (Mission to Moscow) Davies, onetime Ambassador to Belgium and Russia, and a wealthy lawyer before he married into the Post Toasties millions in 1935, dealt with a rumor that had Washington buzzing. The rumor: Davies had just bought a fleet of seven new Cadillacs. Reached by newsmen at Tregaron, his baronial estate in Washington, Davies set the whole thing straight. Said he: "I bought four small cars to conserve gasoline. Mine is a Chrysler or Cadillac, I'm not sure which. I daresay there were several Cadillacs bought—new cars conserve gas, actually. We purchased...

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!