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Cord, Errett Lobban (20 July 1894–02 January 1974), automaker and financier, was born in Warrensburg, Missouri, the son of Charles W. Cord, a storekeeper, and Ida Lobban. Throughout his life Cord was known simply by his initials, “E. L.” In the early 1900s his family moved to Los Angeles, where Cord attended high school but left before finishing his final year. As a teenager he showed a passion for automobiles, rebuilding old cars and racing them on dirt tracks in California and Oregon. Cord operated a garage and a trucking firm in California, the latter in Death Valley. He also established the short-lived Cord Auto Washing Company, worked as a truck driver, and sold and raced cars in Phoenix, Arizona. In 1914 Cord married Helen Marie Frische of Cincinnati. They had two sons....

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Hertz, John Daniel (10 April 1879–08 October 1961), transportation entrepreneur and investment banker, was born in Ruttka, a village in the Austro-Hungarian Empire to the north of Budapest (now a part of Slovakia), the son of Jacob Hertz and Katie Schlessinger. The family immigrated to the United States in 1884 and settled in Chicago. The family was poor and parental discipline strict....