Expert story telling applied to an heroic sized profile of that prima donna of hotels, the Waldorf Asteria. Full of the fabulous characters who worked there and were guests there, bankers who bet on a raindrop race, the temperamental operator of stage lights in the grand ballroom and his classic feud with Xavier Cougat. The story opens with the 13-story hotel on 34th Street and Fifth, and follows on to Park Avenue. One gets a sense of changing mores and events which shaped its destiny and turned it from an exclusive haunt of the ""400"" to a gargantuan operation which houses conventions, three at a time, and foots a monthly liquor bill of $360,000. The wealth of anecdotes makes vastly entertaining reading for anyone who loves the lore of New York, in its fabulous aspects.