It's Schrader, not Schräder or Schraeder (ae being the spelling of ä when you didn't have it on your typewriter).
Mr Schrader would have pronounced it "Schrahder", not "Schrayder".
It's a rare example of the metal umlaut, intended to invoke a Teutonic, Götterdämmerung, industrial vibe, escaping 1970s album covers.