Joe Frazer continued to run Graham-Paige which became an investment company. The business got involved in oil drilling and other commercial enterprises, finally gravitating towards a particular parcel of real estate in downtown New York City. It started the Madison Square Garden Corporation and the New Madison Square Garden facility. A few years ago or so (if I remember right) the management of the company dropped the Graham-Paige title (it was then known as the Graham-Paige Corporation) and became The New Madison Square Garden Corporation, so you could say that Graham is still around...kinda like what happened to the Peerless operation in the 1930's after Prohibition ended & the company became a brewer of beer.
