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  <xsd:element abstract="true" id="lgl_statement-statement-note-3-segment-information-assets-and-capital-expenditures-details" name="statement-statement-note-3-segment-information-assets-and-capital-expenditures-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-3-segment-information-schedule-of-other-segment-disclosures-details" name="statement-statement-note-3-segment-information-schedule-of-other-segment-disclosures-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-3-segment-information-schedule-of-segment-reporting-information-details" name="statement-statement-note-3-segment-information-schedule-of-segment-reporting-information-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-3-segment-information-tables" name="statement-statement-note-3-segment-information-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-4-investments-details-of-marketable-securities-details" name="statement-statement-note-4-investments-details-of-marketable-securities-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-4-investments-net-gain-losses-details" name="statement-statement-note-4-investments-net-gain-losses-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-4-investments-net-investment-income-details" name="statement-statement-note-4-investments-net-investment-income-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-4-investments-tables" name="statement-statement-note-4-investments-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-5-fair-value-measurements-assets-measured-at-fair-value-on-recurring-basis-details" name="statement-statement-note-5-fair-value-measurements-assets-measured-at-fair-value-on-recurring-basis-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-5-fair-value-measurements-tables" name="statement-statement-note-5-fair-value-measurements-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-6-variable-interest-entities-tables" name="statement-statement-note-6-variable-interest-entities-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-6-variable-interest-entities-vies-details" name="statement-statement-note-6-variable-interest-entities-vies-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-7-related-party-transactions-tables" name="statement-statement-note-7-related-party-transactions-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-7-related-party-transactions-transactions-with-related-parties-details" name="statement-statement-note-7-related-party-transactions-transactions-with-related-parties-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-9-stockbased-compensation-restricted-stock-awards-details" name="statement-statement-note-9-stockbased-compensation-restricted-stock-awards-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-9-stockbased-compensation-stock-option-activity-details" name="statement-statement-note-9-stockbased-compensation-stock-option-activity-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-9-stockbased-compensation-stockbased-compensation-expense-details" name="statement-statement-note-9-stockbased-compensation-stockbased-compensation-expense-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-9-stockbased-compensation-tables" name="statement-statement-note-9-stockbased-compensation-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-note-9-stockbased-compensation-valuation-assumptions-details" name="statement-statement-note-9-stockbased-compensation-valuation-assumptions-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="lgl_statement-statement-significant-accounting-policies-policies" name="statement-statement-significant-accounting-policies-policies" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
</xsd:schema>
