From 1919-04-03 The Iron Trade Review

In 1916 the Lambert Machine & Engineering Co. was established by F. A. Nellis, H. Federman, M. D. Faunce, W. W. Myers and Florence Sturtevant; "Lambert" was machine designer David Lambert who was working on designing a horizontal boring mill. That machine was introduced to the market in 1918. It seems likely that the business was under-capitalized, and, wanting funds to finance a factory expansion, accepted an acquisition by a syndicate of Cleveland investors. The Lambert company, under new management, promptly acquired the Carroll Foundry & Machine Co. of Bucyrus, Ohio, renamed the merged company to the Carroll Foundry & Machine Tool Co., relocated their Cleveland manufacturing operations to Carroll's Bucyrus factory, and expanded that merged factory. The Lambert horizontal mill was manufactured for a time by the Carroll Foundry & Machine Tool Co.

Information Sources

• 1916 Annual Report of the Secretary of State of Ohio, page 63, in a list of new incorporations: "Lambert Machine & Engineering Company / Cleveland / [purpose] Engineering / [filed] March 25 [1016] / [capital stock] $4,000". The following year's report, page 81, documented a stock increase for this firm from $4,000 to $20,000.
• May 1916 Iron Tradesman, page 183.

  At Cleveland, F. A. Nellis, H. Federman, M. D. Faunce, W. W. Myers and Florence Sturtevant have incorporated the Lambert Machine and Engineering Company.

• June 1918 Machinery, page 958-9, illustrated article on the Lambert HBM from this company.
• 1918-12-19 The Iron Age page 1560.

  The Lambert Machine & Engineering Co., Cleveland, has increased its capital stock from $20,000 to $150,000. It recently brought out a line of horizontal boring machines and plans to increase the capacity of its assembling department.

• 1919-02-13 The Iron Trade Review, page 478.

  Cleveland—The Lambert Machine & Engineering Co., 1967 East Fifty-fifth street, plans the erection of a plant addition estimated to cost $30,000.

• 1918-08-12 The Iron Trade Review, page 472.

  ...Other projects of interest to Cleveland machinery sellers include... expansion of the Carroll Foundry & Machine Tool Co., Bucyrus, O., recently formed to take over the Carroll Foundry & Machine Co., that city, and the Lambert Machine & Engineering Co., Cleveland...

• September 1920 Machinery.

  Lambert Machine & Engineering Co., Cleveland, Ohio, has purchased the entire stock of the Carroll Foundry & Machine Co., Bucyrus, Ohio, and the two companies will be combined with a capitalization of $1,500,000. The Cleveland plant will be moved to Bucyrus, and extensive additions and improvements will be made in the Bucyrus plant.

• Third Quarter 1920 Cumulative Daily Digest of Corporation News, page 47.

  Carroll Foundry & Machine Tool Co., Bucyrus, Ohio. Merger.—This Co. and the Lambert Machine & Engine Co., Cleveland, have been purchased by a Cleveland syndicate and consolidated. Iron Age, Aug. 19, p. 488.

• October 1920 Engineering World, page 301.

  Lambert Machine & Engineering Co., Cleveland, O., has published a 4-page illustrated folder, in which a horizontal boring machine for boring, milling and drilling is described and illustrated. This machine, according to the folder, is equipped with an unusually convenient start-and-stop mechanism. Both levers are adjustable and slide along the horizontal bars to any position within easy reach of the operator, which enables the operator to have control of the machine without taking his eyes from the work. Other features of the machine are the bronze bushings used throughout and the all-steel gearing. Specifications are given.