Going, Going, Gone

Time was when short, swart, flamboyant Harry Stutz roared around the country in his racer, brought back cups to Indianapolis to show that the Stutz was the fastest U. S. car. In 1916 Manhattan financiers made him a good offer for his company, and he sold out. Stutz Motor Car Co. of America Inc. had 13 resounding deficits during the next 16 years.

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 it up as hopeless, declared Stutz bankrupt.

This file is automatically generated by a robot program, so reader's discretion is required.