Word: frazers
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Millions & Millions. Once in debt to the Government up to his eyeballs, Henry Kaiser has now paid off more than $244 million. Of all his enterprises, ranging from autos, cement, magnesium and steel to aluminum and houses, only his auto company, Kaiser-Frazer, is still in debt to the U.S. It owes $51 million. Kaiser has little trouble getting money from private sources. He has recently arranged for: i) a $17,-500,000 preferred-stock issue to finance the rest of his new aluminum plant, and 2) $65 million in new private financing to add a third blast furnace...
...fifth afternoon a lookout on the minesweeper U.S.S. Token spotted Gus Frazer, unconscious, sitting upright in the boat, his hand still near the tiller. Sammy, still alive, died half an hour after his rescue. His parents' bodies were still in the boat...
...cruise. Sam Luttrell, a retired Army officer in business in the Virgin Islands, had bought the yacht, a 96-ft. converted subchaser, at a Long Island shipyard. He hired an ex-Air Force officer from Miami for his navigator, and took on four Puerto Ricans as hands. With Gustave Frazer, a brawny Virgin Islander who worked for Luttrell, as engineer, the Luttrell family and their crew set out on a leisurely sea trip back to St. Thomas. They headed south via the sheltered passages inside the Atlantic coastline. One morning last week, the ship chugged down Bogue Sound into...
What happened after that, only Gus Frazer, hurt and exhausted in a Charleston, S.C. hospital bed, was alive this week to tell...
Before Christmas, Sears retail stores will start selling the Allstate, a new car made for it by Kaiser-Frazer. The car will look like K-F's four-cylinder Henry J, differing only in trim and other incidentals. Sears did not set a retail price but it now sells for $1,362 f.o.b. Detroit. Sears will sell it in 17 cities in the South and Southwest...