James Michael ("Jimmy") Goldsmith, 43, is the flamboyant, ardently Tory chairman of Britain's huge Cavenham food empire, third largest in Europe. Last month quite a few British eyebrows were raised when London's right-wing Daily Express reported that Harold Wilson had recommended Goldsmith for a peerage in the resignation honors list customarily submitted by Prime Ministers leaving office. Peerages, as well as lesser awards, are usually given to individuals who have rendered outstanding service either to the P.M. personally or to the country as a whole. But what possible public service had
Goldsmith rendered to anyone other than the shareholders of...