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effect sort of made it seem like we owned it. Marguery Hotel was on
46th and Park--had a lovely, lovely outdoor restaurant, by the way.
We bought it, and we were going to tear it down, but this was not too
long after the war and all the different war-time controls
existed--couldn't get people out of the building, so on. So we sat
around holding this, and then discovered that instead of this being
the fancy hotel that we thought it was, it was heavily populated by
ladies of the night and by gambling outfits. So suddenly here was
Time Inc. owning the biggest whorehouse and the biggest gambling
place in town [laughter]. So we said to Bill: “How could you do
this to us?” And Bill said: “Don't worry; don't worry. I'll take
the option back; I'll pay you double.” And we thought: “My God,
what a nice gentleman!” So we took the money, and six months later,
the laws had changed somewhat and he sold the same option for three
times as much to somebody else--I guess to the company who built that
building and has now moved to Danbury--not Allied Chemical but the
one that had the trouble in India--Bhopal?
Yes. Just blocked out on it. Go ahead--Union Carbide!
Union Carbide, Union Carbide. And they built a beautiful
building which is now occupied by Manufacturer's Hanover. So then
the next proposition was 50th Street and Sixth Avenue, on the West
Side. It's difficult to--
Where Radio City Music Hall is?
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