(See Cover) Shed no nostalgic tears for New port. The great "Gilded Age" of the early 1900s when O.H.P. Belmont's carriage horses used to sleep on pure white linen sheets, and William Fahnestock festooned the trees on his estate with 14-carat gold artificial fruitshas passed. But Rhode Island's "Queen of Resorts" still has its cachet and its names: the Auchinclosses, the Dukes, the Donahues, the Drexels, Lorillards, Woolworths and Hartfords.
Mrs. Margaret Van Alen Bruguiere, the summer colony's grande dame, still lives in her 50-room "cottage," Wake-hurst, surrounded by a fortune in...