Word: kaisers
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...took advance elements of the ist to Korea for the first Marine battles there. In World War I, Smith, as a fledgling Marine officer, had been sent to Guam-of all places-where the only German he might have sighted (he did not) would have been Count Luckner, the Kaiser's famed sea raider. Pearl Harbor found Smith in-of all places-Iceland. He missed the 1st Marine Division's epochal blooding on Guadalcanal...
Over a 3.4-mile course on the New Hampshire Turnpike last week, two small cars sped back & forth, competing in a miles-per-gallon mileage test. The cars were Nash's new "Rambler," and Kaiser-Frazer Corp.'s "Henry J.," making its first public appearance. The Henry J. made 34 miles to the gallon, v. the Rambler...
...auto industry enjoyed the greatest boom in its history, Packard managed to lose $736,682. While total auto production went up 30%, Packard's dropped 20%. The company's sales had slipped from 13th to 14th place among U.S. cars, just ahead of the DeSoto and Kaiser...
When stockholders of Kaiser-Frazer Corp. sued company officials for $50 million two years ago, Henry Kaiser protested that it was a scheme to put him out of business. The stockholders charged that they suffered financially by "manipulation" of assets among various Kaiser companies. Though Henry denied any wrongdoing, he offered to pay $1,379,503 into K-F for machinery bought by K-F, but used by other Kaiser companies. Many stockholders called the sum inadequate...
Last week in Detroit, Federal District Judge Frank A. Picard ordered the stockholders to accept the offer, and accused those who held out for a larger sum of "trying to cause Henry Kaiser's financial eclipse." Said Judge Picard: "Kaiser was the victim of his own paternalism in trying to make the K-F company a success," and was innocent of any "fraud, deceit, collusion or any wrongful...