Word: gimbels
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Three years ago this month four of Adam Gimbel's descendants journeyed to the mellow, elm-shaded town of Vincennes, Ind. (pop. 18,228). There they commemorated the 100th anniversary of the opening of Peddler Adam's wondrous "Palace of Trade," with the prediction: "The best 100 years lie ahead." Last week the Gimbel mercantile dynasty proudly ended its best year. The gross for 1944 was estimated at an alltime high of upwards of $190 million. Result: Gimbel's, in fourth place in 1942, is now the leading metropolitan department store chain...
William Randolph Hearst, who unloaded part of his estimated $15,000,000 to $50,000,000 art collection by over-the-counter sales at Manhattan's Gimbel Bros., lost another estimated $300,000 to $500,000 worth in a fire which destroyed one of the main buildings at Wyntoon, his summer home in McCloud, Calif...
Promptly he packed the fifth floor of Manhattan's Gimbel Bros, department store with two and a half acres of medieval armor, Hispano-Moresque pottery, Dutch masters, and other art objects too numerous to mention. By last month the total sales of these and other Hammer enterprises were near $15 million...
...addition, there are twelve Halls of Art now operating throughout the U.S. and about 150 stores have bid for the privilege of opening others. Next fortnight a Hall of Art will open in Gimbel's department store in Philadelphia, the following week in Pittsburgh. Future Pochapin plans: 1) to furnish artists with materials, deducting such costs when paintings are sold; 2) to turn Art Movement into a nonprofit organization...
...there was more. Mr. Klorfein had an afterthought: "My wife bought some bonds at the Gimbel party, too. How much was it, dearest?" She said it was only $175,000 worth, but "of course, I've been buying war bonds all along...