Word: bending
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Dates: during 1930-1939
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Herbert M. Irwin '37 will automatically replace Collins as treasurer, while the position of secretary which he vacates goes to the winner of the Bend's Freshman managerial competition which will be held sometime during the hockey season. Irwin will become band manager in his Senior year...
Studebaker Corp. was not the first motor casualty of Depression but it was by far the biggest. The venerable South Bend, Ind. concern which Clem and Harry Studebaker founded as a wagon works in 1852, was brought low not by the usual affliction of reduced sales, but by a legal snarl over a mid-Depression effort to expand. In 1932 Studebaker purchased White Motor Co. (trucks) only to have the deal blocked by minority White stockholders. Upshot was a receivership. Last week it looked as if Studebaker would be both the first motor maker to shuffle off its financial troubles...
...long after the receivership early in the New Deal, Studebaker's longtime President Albert Russel Erskine shot himself to death in his South Bend home. Active direction of the company had already passed to the two vice presidents, Paul Gray Hoffman, an able salesmanager who first made a fortune for himself as a distributor in California, and Harold S. Vance, in charge of production. With Ashton Bean of White, they formed a triumvirate of receivers who never let their organization slip an inch...
...plan they submitted to the Federal Court in South Bend last week bore the mark of long cogitation by their lawyers, Manhattan's famed firm of Cravath, de Gersdorff, Swaine & Wood. It satisfied all classes of creditors and it left Studebaker in rock-sound shape. High points...
...gained a total of 682 yd. compared to 639 for all his opponents. Last spring he had his left little finger amputated because he had broken it so many times that it would no longer bend. For the first three periods Pitt not only bottled up Lund, working behind