Frederick Samuel Duesenberg was a German-born American automobile and engine designer, manufacturer and sportsman who was internationally known as a designer of racecars and racing engines. Duesenberg's engineering expertise influenced the development of the automobile, especially during the 1910s and 1920s. He is credited with introducing an eight-cylinder engine, also known as the Duesenberg Straight-8 engine, and four-wheel hydraulic brakes, a first for American cars, in addition to other mechanical innovations. Duesenberg was also patentholder of his designs for a four-wheel hydraulic brake, an early automatic transmission, and a cooling system, among others. Fred and his younger brother, August "Augie" Duesenberg, shared the patents, filed in 1913 and renewed in 1918, for their "walking beam" four-cylinder engine and the Duesenberg Straight 8.

Headlines from July 26, 1932

Securities Advance Sharply in Heavy Trading; Wall Street Cheered by Fifth Day of Gains; SECURITIES ADVANCE IN HEAVY TRADING

BANKS OFFER BONDS TO EXPAND CURRENCY; Applications Are Filed at Washington for Authority Granted in Home Loan Bill. $4,000,000 IS APPROVED Eight Institutions Have Received the Permits So Far Among the Hundreds Asking Data. BANKS OFFER BONDS FOR NEW CURRENCY

Hoover Pay Cut Goes Into General Fund; $15,000 Not for the "Conscience Fund"

Notable Deaths