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The Chronicle Telegram in Elyria, Ohio

09 Mar 1950

Page 14

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Mar 09, 1950

Page

14

Lustron Officials Dismissed In Cost Cutting Move

Federal Judge Melvyn G. Underwood ordered the ouster of top Lustron Corp officials in an economy move. Carl Strandlund and executives including W. A. McKechnie, F. M. Lowum, Eugene Reybold, Wesley Pearce and Donald Boylan were fired as about 100 plant staff lost their jobs, yet production was said not to be disrupted. Clyde M. Foraker, receiver, announced the 30 day trial of new management.

MENTIONED IN THIS ARTICLE

Clark County Jerome Nevius Underwood Robert L. Barton Columbus Carl G. Strand W. A. Matheson A. Graham Zanesville Atlund Lustron Cor Foraker Barton John W Clyde M. Foraker Melr G. Underwood Strandlund W. A. McKechnie F. M. Lowum Eugene Reybold Wesley D. Pearce Donald W.boylan
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Lustron faces 30 day trial after FCC loan foreclosure

Bricker and Graham, former bankruptcy ref, represent Lustron in Zanesville case. After Reconstruction Finance Corporation loans totaling 37.5 million dollars foreclosed, lawyers agreed on a 30 day operating trial. Lustron chief Strandlund says reorganization is essential to avoid liquidation as he aims to salvage the company.

MENTIONED IN THIS ARTICLE

Lustron
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