TYCOONS: Capitalist & Commissar

Moscow's reddest carpet rolled out last week, not for a visiting Communist, but for a Homburged, blue-suited visitor who looked like what he is: a capitalist tycoon. On hand to greet the TU-104 jet that brought Cleveland Industrialist Cyrus S. Eaton (Chesapeake & Ohio Railway, Steep Rock Iron Mines) were crowds of children bearing flowers, and Soviet Minister of Agriculture Vladimir Matskevich bearing official greetings. Three years ago Eaton gave Matskevich's department a prize Shorthorn bull, which had nobly performed to improve the quality of Russia's herds.

The Russians had another reason to welcome Eaton: as a self-starting elder (74)...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!