Word: besserdich
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Dates: during 1938-1938
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...issue of TIME you published an article entitled "The Drive." In connection with this article you published a footnote which reads as follows: "One competitor which did not last was the Oshkosh Four Wheel Drive Auto Co., founded by Otto Zachow and William Besserdich...
...competitor which did not last was the Oshkosh Four Wheel Drive Auto Co., founded by Otto Zachow and William Besserdich...
Like many another inventor, Otto Zachow had no head for finance. He and his brother-in-law, William Besserdich, unable to get their machine into production, interested a husky young lawyer named Walter Alfred Olen. Walt Olen set out to raise $250,000. In 1910 the present company was incorporated, with him as president, and Otto Zachow received a block of stock. About 1914 Zachow and Besserdich sold out for $25,000. That was a mistake, for General Pershing had found several F.W.D. trucks useful while chasing "Pancho" Villa across Mexico. When War broke in Europe, the Allies began buying...
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