Where is Kryder's Money?
Our North American Cousin
Greater Fort Wayne Business Hall of Fame
As though he owned it, K.W. Maxfield, a Fort Wayne City/County complex attorney and director of the old bank, who began his NAVL career upon the death of Clarence Kryder, managed to sell North American Van Lines twice during his forty years of deals for North American/International Truck and Engine/Navistar ...
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SCHERER & MAXFIELD INC: P.O.Box 87, LEO, IN 46765: Active: 3/26/1959
LEO CEMETERY ASSOCIATION INC:P.O.Box 87, LEO, IN 46765: Active: 1/5/1981
|so The Pepsi Cola Van Line drives over my ancestors' graves.|
Personal Representative's Perspective:
The "North American/Navistar International" conglomerate was conceived sometime between the 1865 Charter of Fort Wayne National Bank and the founding of North American Moving and Storage in 1933 . Terrible times were these, wedged between the Lincoln assassination and the 1933 charter of Fort Wayne National Bank. A classic creation of North Americaneerism, the later stage of North American Exploitation, the conglomerate was built on pyramided mortgage securities of properties mingled in trust, some of which, like the Kryders' have for almost a hundred years never seen the light of redemption.
K.W. Maxfield's career began November 1, 1950 the day Clarence Kryder's 1943 Fairfield B Trust F.S. 58070 was re-recorded in Allen County, Indiana Official Records. This was six months after Clarence's death, and before the probate, four years later, of his Will, which due to its untimely filing was made illegal. This leaves three generations of the Kryders without Wills or any semblance of normal estate work existing in Allen County, Indiana.
November 2, 1950 "North American Properties" was incorporated as a 40 year corporation.
Clarence F. Kryder designated in the recorded Trust F.S. 58070 document that the Kryder Company, Inc. interest was owned "per stirpes," or by generation, and the Trust was to expire "twenty years after the death of Lauren O.King,Trustee." Lauren King died in Sebring, Florida in November 1973, owning two houses in Kryder's Addition. The original North American Properties, Inc. expired in 1990 but reincorporated prior to the trust expiration in 1993. In all the recorded history of Clarence, Minnie, and Frank H. Kryder's major subdivisions, their land was owned in fee simple. H
Instead, SPEDCO INC, a Delaware Corporation, K.W. Maxfield Executive Vice-President, came out of nowhere as a Pepsi Cola- owned subsidiary and filed a Certificate of Admission with the Indiana Secretary of State 05/20/1966 and merged into North American Van Lines 11/27/1968.
NAVPAC, Inc. was incorporated in 1963 just as Minnie Kryder's Estate closed, and merged into North American Van Lines in 1970 the year the Kryder Company, Inc. was administratively dissolved aong with a ridiculously disproportionate number of Indiana corporations all coincidental with a great loss of records from the state house.
In 1977 Maxfield was "appointed" President of North American Van Lines, though he had quietly been President of various truck companies which were heading into North American since the year Frank Kryder died. And in 1977 Ian M.Rolland became President of Lincoln National Life Insurance.
Maxfield was also a member of the law firm Beers, Mallers, Backs, and Salin, and a Director of Fort Wayne National Corporation. Beers was the County Attorney, and Salin became Secretary of State in 1969.
"Knights Inn" merged into Transtar in 1993 the expiration year of Fairfield B Trust F.S. 58070, "twenty years after the death of Lauren O. King, Trustee."
North American Van Lines merged into Transtar in 1994.
Transtar is a subsidiary of U.S. Steel and North American's Joseph Ruffolo along with Leonard Rifkin (of Fort Wayne's scrap metal giant Omnisource, a client of Barrett & McNagny) currently have their own Steel Dynamics going on.
In 1998 Clayton, Dubilier & Rice acquired North American Van Lines from Norfolk Southern for $169 million less than what Maxfield sold it for in 1985. And in 1999 Allied and North American received U.S. Antitrust approval to form the world’s largest relocation and van line logistics company, in a transaction valued at approximately $450 million.
The PR also notes that The North American Fleet is or was painted by Bordner Graphics, a company owned by David Bordner, the son of Glenn W. Bordner, Frank H. Kryder's federal estate tax attorney/corporate officer.
NORTH AMERICAN CAPITAL CORP. (FOREIGN PROFIT) Officers PO BOX 936 WESTBURY, NY 11590 Filing Date 12/31/1970 HOLBREICH STEVE JERICHO TURNPIKE WQESTBURY, NY 11590 NOT ON FILE
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