Elastic Stop Nut Corp. of America, which paid more than $10 million in 1943 excess-profits taxes, is one of the nation's lustiest, most publicized war babies. In eye-stopping two-color ads, the company has dramatized its principal product, a patented, self-locking nut, has regularly claimed "more Elastic Stop Nuts on America's war equipment than all other lock nuts combined." But last week the company was struggling to put a stop lock on its troubles.
The company's youngish President William Hedlund, 45, had just committed suicide at his home in Summit, N.J. Associates said he was a "war casualty"; Engineer Hedlund had...
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