The Automobile Industry, "best managed industry in the U. S.," suffered its first major casualty last week. The $40,000,000 Willys-Overland Co. eased into a "friendly receivership." Chairman John North Willys, who gave up his expensive Ambassadorship to Poland last spring to resume command of his ailing company, and President Linwood Andrews Miller, were appointed receivers.
Small, hustling Motorman Willys was an Overland dealer in Elmira, N. Y. when in the 1907 panic the company he represented neared the brink of bankruptcy. He scurried to Indianapolis, put up $350 (hurriedly raised in...
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