Word: lapham
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From the time when it bought its first ships in 1893, Grace Line Inc. (Canada to South America) has spent $118 million on ship construction. Last week, with a few scratchings of a pen, Grace Line President Lewis A. Lapham committed the line to a shipbuilding program that will cost more than double that amount. Lapham signed a contract with the Federal Maritime Board under which Grace promised to build, and the board agreed to subsidize, 26 ships at a cost of $286 million. The program will completely replace Grace's present aging fleet over a 20-year period...
...Lewis A. Lapham, 46, son of onetime San Francisco Mayor Roger Lapham (TIME, July 15, 1946), moved up from executive vice president to president of W. R. Grace & Co.'s shipping subsidiary, Grace Line. Lapham succeeds Cassius C. Mallory, 64, who stepped up to the Grace Line board chairmanship vacated by W. R. Grace & Co. President J. Peter Grace Jr. (Grace gave up the title to free himself for the diversified operations of the parent company.) Lapham comes by shipping naturally: his grandfather was co-founder of the American-Hawaiian Steamship Co., his father was onetime president and board...
...Consent. In Columbus, Ohio, when James A. Mapes and Pearl C. Lapham applied for a marriage license, the clerk promptly waived the five-day waiting period, explained: "When a man is 83 and his girl friend is 73, they've waited long enough...
...HAVEN, May 17-Yale's fine lacrosse team slammed the lid on a disappointing Harvard season today, routing the Crimson, 12 to 3, before 250 fans at Lapham Field here...
When the varsity lacrosse team faces off against Yale on New Haven's Lapham Field at 2:30 p.m. tomorrow, it will be fighting to salvage a season...