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Silver & Jewels. Coghlan also covets Standard Oil Heir William L. Harkness's 2O5-ft. yacht Gunilda, which sank in 200 ft. of water off Rossport on Aug. 31, 1911. Coghlan has researched the Gunilda's last hours, is convinced that $250,000 in silverware and jewels are inside the yacht's rotting hulk. After that he hopes to investigate a promising underwater copper deposit off Rossport. He also thinks he can make money retrieving pulpwood "worth at least $2,000,000" that lines the harbor bottom at Thunder Bay (about one pulpwood log in 20 sinks during...

Author: /time Magazine | Title: The Hemisphere: Diving for Treasure | 1/25/1960 | See Source »

...Squalls Ahead. Luxury boats among the more than 75 cabin cruisers on display included Richardson's 46-ft., $51,000 motor yacht sleeping ten people. Rivaling it in the lavish touch was Bayhead Skiffs' 30-ft. Caribbean sports express. It has a hot-water shower, two electric refrigerators, a built-in rotisserie in its all-electric kitchen. Price: $28,000. But the biggest attention grabbers at the show were the new jet motorboats. Buehler Turbocraft exhibited a 16-ft. inboard (price: $3,450), powered by a jet engine. It draws in water through intakes amidships, forces...

Author: /time Magazine | Title: MODERN LIVING: Happy Sailing | 1/25/1960 | See Source »

...Wayne to Joan Crawford and Walt Disney. There are also a lot of nameless people with money who, as Gable put it, "are so far down the list they seem to have got in just to do the cleaning." Possibly Profitable. Gambler Ryan, who also owns the Salton Sea Yacht Club and the Bermuda Dunes Club in Palm Springs, says that Americans are tired of Miami Beach and will "go nuts" about the Africa he has discovered for them...

Author: /time Magazine | Title: KENYA: For Men Who Have Everything | 1/11/1960 | See Source »

...Rogers" whose color spectacles were almost as popular as the off-color spectacle of his private life. The lusty, naive young knockabout from New Guinea became the bored Mocambohemian. "The Baron," as his buddies called him, built the usual $125,000 mansion and kept a yacht, filled both of them with "roisterers, fun guys, rompers" and the sort of girls they liked to romp with. To the pressagents' delight, he became notorious as a columnist puncher, cop clobberer and practical joker -the fellow who wired the ladies' room at home and walked through downtown Chicago with a half...

Author: /time Magazine | Title: HOLLYWOOD: 14,001 Nights | 1/4/1960 | See Source »

...with some of his products, notably the Gourmet line, intends to make some changes. Says he: "At one of these business things I go to, the dowager wife of some fancy businessman sitting next to me said, 'Oh, Mr. Mortimer, your gourmet foods are wonderful. We stock the yacht with them.' And I thought to myself, 'Yeah, that's what's wrong with that business-not enough yachts...

Author: /time Magazine | Title: MODERN LIVING: Just Heat & Serve | 12/7/1959 | See Source »

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