Golf: Monument to the Game

The lucky fellow who wins this week's 32nd annual Masters tournament at Georgia's dogwood-dotted Augusta National Golf Club will receive a check for $20,000, a silver plaque, a gold medal, a gold locket containing a picture of Bobby Jones, and a green blazer. He will also get a bonus that all the money in the world cannot buy: lifetime playing privileges at Augusta National, the most exclusive and autocratic golf club in the U.S.

Augusta National was founded in 1930 by Jones, the wealthy Atlantan who astounded the golfing world that same year by sweeping all...