Lippmann's Job

If you had told a newspaperman six months ago that the Editor of the New York World was going traveling with a Morgan Partner and that when he got back he would write editorials for the New York Herald Tribune, the newspaperman's reply would have been "Oh, yeah? Now I'll tell one." But last week Editor Walter Lippmann of the late arch-Democratic, anti-Wall Street World sailed for the Near East with Mr. & Mrs. Thomas William Lament, and announced he would join the arch-Republican Herald Tribune in the autumn.

Neither of the associations is as incongruous as it might seem. Editor Lippmann, no party man, and Banker Lament, no reactionary, are both ''middle grounders" in their professions. The Herald Tribune is heavily committed to the G. O. P. but its voice is quick and loud in criticism of its party, especially during the present Administration. Manned by alert, enterprising editors, it has made itself a daily bible for young executives as well as aging Tories. Proof in itself of the paper's enterprise was its engagement of celebrated Liberal Lippmann, who will be permitted to write as he pleases, generally when he pleases, under his own signature, much as his volubly independent Harvard classmate Heywood Broun writes for the New York World-Telegram.

Friends of Editor Lippmann said he had rejected an offer of $50,000-a-year from Hearst's New York American. A shrewd guess at what the Herald Tribune will pay him: between $25,000 and $30,000.

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