Nation: Home & Hosts

Come Christmas, Jack and Jackie Kennedy plan to spend their holiday in a white Palm Beach mansion on loan from old family friends: C. (for Capton) Michael Paul, 59, and his wife Josephine, 60. The home is a showpiece, with eight bedrooms, nine servants' rooms, a loggia filled with tropical greenery, a 72-ft. heated swimming pool, an ocean-view terrace and 400 ft. of beach. Its owners are every bit as remarkable: between them, the Pauls own major stock interests in a big brokerage house, oil wells and real estate. They are philanthropists on a noble scale: in October Josephine Paul pledged...

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