0 ) ▁to ▁the ▁credit ors . ▁During ▁the ▁summer ▁of ▁ 1 9 3 5 , ▁the ▁company ▁re organ ized . ▁By ▁then , ▁it ▁was ▁still ▁producing ▁pian os , ▁but ▁occupied ▁only ▁a ▁portion ▁of ▁the ▁factory ▁it ▁once ▁owned . ▁The ▁remainder ▁of ▁the ▁plant ▁was ▁occupied ▁by ▁J . L . ▁Met z ▁F urn iture ▁Co . ▁In ▁ 1 9 3 5 , ▁the ▁Stra ube ▁P iano ▁Company ▁was ▁being ▁operated ▁by ▁the ▁F idel ity ▁Security ▁Company , ▁John ▁Leonard ▁Ke il man ▁( 1 8 6 7 – 1 9 4 6 ), ▁president . ▁F idel ity ▁Security ▁was ▁the ▁fin ance ▁arm ▁of ▁Stra ube ▁P iano ▁– ▁dealing ▁in ▁piano ▁paper ▁and ▁other ▁se cur ities . ▁ ▁When ▁Stra ube ▁went ▁into ▁receiver ship , ▁all ▁of ▁its ▁officers ▁depart ed , ▁including ▁E . R . ▁Jacob son , ▁president ; ▁C . H . J . ▁Thor by , ▁vice - pres ident ; ▁and ▁Alfred ▁The odore ▁Schul des ▁( 1 8 9 2 – 1 9 8 1 ), ▁secretary - tre as urer . ▁Also , ▁in ▁ 1 9 3 5 , ▁William ▁G . ▁Bet z ▁( 1 8 7 1 – 1 9 5 7 ), ▁long time ▁super int endent ▁with ▁over ▁ 5 0 ▁pat ents , ▁left ▁the ▁company . ▁In ▁the ▁inter im , ▁after ▁the ▁departure ▁of ▁Bet z ▁and ▁before ▁the ▁appointment ▁of ▁Charles