As the 2006 summer season gets underway, Kulm Hotel St. Moritz will be celebrating its 150th anniversary. In retrospect, it could hardly have been a livelier century and a half. Thanks to the courage and far-sightedness of the great Swiss hotel pioneer Johannes Badrutt, the Kulm Hotel is considered by many circles to be the premier address in the Upper Engadine. 150 years ago, the Kulm Hotel was indeed the first establishment in St. Moritz to begin welcoming guests. A predominantly British upper-crust clientele came to appreciate the clear, mild summer weather up in the high valley south of the steep Julier pass.Yet Badrutt would have been no pioneer had he not very soon taken further steps to make a name for the Kulm. One late summer's day as he bade farewell to his departing British guests, he laid a bet that they could sun themselves on the terrace in shirtsleeves even in the depths of December