Word: borrowed1
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Harry Stutz died in 1934. That year Stutz Motor Car Co. made just six cars. It borrowed1 $266,000 from RFC., At last, as a final indignity, it started making door-to-door delivery wagons for butchers and bakers instead of low, fast, flashy cars for racing drivers, and "Bearcats" for college boys. Some of the new commercial models could be driven standing up; even that did not help. Last year the company subsided into 77B, trustees began casting about for reorganization plans acceptable to two-thirds of the creditors. Last week Federal Judge Robert Baltzell gave...
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