Monday, May. 11, 1931
Personnel
Last week the following were news:
Edgar William Garbisch, onetime (1924) Army football captain, son-in-law of Walter P. Chrysler, was made president of Cellulose Products Corp., a new company formed to manufacture a tissue paper called Tish, suitable for napkins, handker- chiefs, cold-cream removers. On the board of directors is Mr. Chrysler.
Gerard Barnes Lambert, son of the founder of Lambert Pharmacal Co. and its onetime president (1923-28), was made president of Gillette Safety Razor Co., succeeding Henry Jaques Gaisman who becomes chairman. Mr. Gaisman has apparently worked his way to dominance in Gillette since the merger with Auto Strop of which he was chairman, for John Edward Aldred, previously chairman and one of the premerger Gillette group, last week resigned. Mr. Lambert's election was a surprise, for since leaving Lambert Co. he has done nothing to indicate he cared to enter the business of razor-making. His interests have been chiefly in yachting and his green pennant with its three yellow bars flies over Atlantic, one of the three biggest schooners afloat and holder of the Atlantic yacht record (u days). It also flies over Vanitic, bought from Harry Payne Whitney in 1929.
Charles Walter Nichols, chairman and a director of Allied Chemical and Dye Corp., was not re-elected at the annual meeting. Soon afterwards he issued a statement denying that this meant the Nichols family (the late Dr. William Henry Nichols played a big part in Allied's formation) had sold its stock in the company. Succeeding Mr. Nichols was Orlando Weber, president of the company, recently back from a leave of absence.
George Bruce Cortelyou Jr., son & namesake of the onetime (1907-09) Secretary of the Treasury who is now president of Consolidated Gas Co. of New York, was made president of Distributors Group, Inc>>, the sponsor of North American Trust Shares, one of the biggest fixed trusts.
John F. Harman, 87, resigned as chairman of Handy 6 Harman, famed silver brokers. Mr. Harman was in the firm 64 years, worked with three generations of Handys.
John Ballantyne, longtime Detroit banker, was made president of Detroit Bankers Co., holding company for Peoples Wayne County Bank, First National Bank of Detroit, Detroit Trust Co. and eight other institutions.
Cyrus Stephen Eaton, recently chairman of Continental Shares, Inc. (TIME, May 4), was reelected, with associates, to the board of Youngstown Sheet 6 Tube Co>> Since Mr. Eaton's Youngstown stock is classed as "dissenting," cannot vote, his election was due to the votes of his long-time opponent, James Anson Campbell, Youngstown president. Hence the election was widely interpreted as a peaceful settlement of differences and as forecasting the merger of Bethlehem with Youngstown.
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