Word: lamberte
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...voice in his audience asked the President if he was now describing the "Lambert Plan." No, said the President; the plan he was sketching would be worked out in final form shortly but had as yet no special name. Nevertheless, reporters knew that before the President's press conference a lean, iron-grey, mustachioed gentleman had attended an earlier session with the President, Secretary Morgenthau and Under-Secretary of the Treasury Hanes, Administrator Stewart McDonald and other officials of FHA. After the President's conference, so many reporters telephoned the iron-grey gentleman that his boss, Stewart McDonald...
Gerard ("Jerry") Lambert, 52, is the venturesome businessman who, in 1921, invented the great "halitosis" scare and made fortunes for himself and three brothers by selling the world "Listerine"-a mouthwash invented by their father, produced and sold conservatively at St. Louis since 1880. He liquidated most of his Lambert Co. holdings in 1928 for about $25,000,000 and took up racing J-boats- the big, expensive class that competes for the America...
Last spring Administrator Stewart McDonald of FHA, longtime St. Louis friend of Jerry Lambert, telephoned him at his estate in Princeton, N. J., asked him down to Washington to help on Housing. Inventor Lambert knew nothing of that subject but went anyway, studied under FHA's experts. Within three months he had invented something and was building it at Princeton with $30,000 of his own money...
Proprietor of this "Franklin Terrace" Project is the Princeton Housing Authority, from which Inventor Lambert accepted tax-exempt bonds for his $30,000. They will be amortized over 28 years and meanwhile pay him 4% interest each year on the balance outstanding. After 28 years the land & buildings will become the Borough of Princeton's property, Inventor Lambert will have his $30,000 back, and the Franklin Terrace occupants will have had brand-new Housing nowhere else available at $6.25 per room per month (plus $3 per month per unit for heat...
...dignified Sun broke out with a series of poker-faced articles on WPA Polo: What It Costs To Play ("a moderately good polo pony can be bought for less than $7,500"). Sculptor Jack Lambert offered a bederbied trophy for a politicians' polo tournament. Reporters pestered Park Board President Frank Durkee by asking whether WPA would supply ponies and stabling...