Word: frazer
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...Kaiser-Frazer Corp. rolled merrily along last week. A second public offering of 1,800,000 shares of K-F stock (TIME, Jan. 21) was sold in less than an hour. Net proceeds: $34,470,000. K-F's first issue (1,700,000 shares) was offered for $10 a share last September. This time it brought in a spanking $20.25. But the road was getting bumpy...
...such pessimistic talk was drowned out by the hullabaloo raised by the first public showing of the Kaiser and Frazer automobiles in Manhattan's Hotel Waldorf-Astoria (a simultaneous showing on the West Coast was called off because the two handmade models on display in Manhattan were the only ones the company had). Some 156,000 New Yorkers climbed five flights of stairs and stood in line to look at the shiny green and red models...
...delivery dates or prices. But if Henry Kaiser stuck to his general price prognostication ($900 to $1,400) K-F had a backlog (if the orders held good) of approximately $11,000,000 from the New York City showing alone. Carried away by all this, Partner Joe Frazer chortled: "We have, I believe, become the fourth largest automobile company in America...
What this meant only Frazer knew. As far as production was concerned, skeptics jeered that K-F was a long way from being any kind of an auto company...
Student members of the following committees are: treasurer, and rules committee, Frank Frazer 1PA; secretary, John Peasley 1PA; membership, George Delaney 1GB, George Cunningham '42, and Deborah Solbert, a Radcliffe student; publicity, John Goodbody 1G and Henry Shames 1L; national affairs, James Lanegan 3L; international affairs, Cord Meyer 1G--an original A.V.C. member--and George Hoffman 1G; and legislation, Charles Choate...