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Part: 12 Session: 123456789101112131415161718192021222324252627282930313233343536 Page 471472473474475476477478479480481482483484485486487488489490491492493494495496497498499500501502503504505506 of 1143
lives of our troops, and I, as I told you, was active in seeing to it that there shouldn't be any cessation of Federal funds for research. I think at this time approximately I began to think, “Well, we can also get cancer research funds if we're successful.” I knew that there was a National Cancer Institute and that it had some small funds but that it gave very little money out in grants to institutions outside of its own intramural program.
Now, also in 1944 Albert was negotiating with Lever Brothers and Charles Luckman about the sale of Pepsodent to Lever Brothers. As a part of the deal, Albert made it a condition that he would sell his stock to Lever Brothers only if Lever Brothers would make a contribution of $50,000 a year for five years to the American Cancer Society as a bonus to get him to sell his stock.
Was this because of your interest and activity in the Society.
Yes. And, consequently, they agreed, since they had to get his stock in order to get control of the company. And this deal, about the giving of a gift of $50,000 a year to the Cancer Society, consummated the sale of Pepsodent toothpaste to Lever Brothers. It had belonged to Albert and his partner, Kenneth Smith, and Luckman and I had owned some small share of the stock. I think at one time I owned about 10 percent, but the rest of it was owned by Albert and Kenneth Smith.
C , the President of Lever Brothers, agreed to this, as I remember it, but gave only $50,000 in '44 and for two more
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