Business & Finance: Low-Pressure Man

Six months ago few Detroit motormakers would have given a plugged nickel for Graham-Paige Motors Corp.'s chances of living out the year. The former style-setter had managed to build and sell just 6,000 1939-model cars for a $1,241,046 loss. Its working capital was almost gone. Its plant on Detroit's West Warren Avenue was shut.

At this black period of its 30-year existence Graham-Paige could have taken the easy way of bankruptcy. Instead, it: 1) got a $2,000,000 RFC loan; 2) raised an additional $300,000 from private sources; 3) made a deal with ailing Hupp Motor Car Corp. (1939 production: 1,000 cars).

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