Word: bidders
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...worst knots in the perplexing U. S. airmail snarl can best be explained by this syllogistic sequence: 1) the airlines cannot get along without airmail subsidy; 2) airmail contracts are let competitively to the lowest bidder; 3) therefore airlines often have to bid so low to get the contracts that the airmail subsidy literally costs them money. A perfect case in point took place in July when the Post Office Department opened the bids for four new airmail routes. The minor run from Cheyenne to Huron, S. Dak. went to Wyoming Air Service, for the realistic...
...cotton mills, 236 in woolens). Shops open and close overnight. And of late a new jobster has cropped up called the converter-an individual or company, often with one dingy office and no plant, who contracts for raw goods and farms out throwing & weaving to the lowest bidder in cutthroat competition. Nobody has been happy. While owners have found themselves in or near bankruptcy because of bone-slashed prices, millhands have been faced with wages, hours and working conditions as varied & uncertain as the silk in women's hosiery...
...good place to begin businesslike reforms was in the marketing of State bonds. In 1934 Missouri voters authorized a $10,000,000 issue of building bonds for the rehabilitation of prisons and charitable institutions. Few months later the first $2,000,000 worth were sold to the highest bidder among six syndicates, including most of the top-flight bond houses in the U. S. The next $2,000,000 lot, however, was not opened to public bidding but sold privately in March 1936 to Baum, Bernheimer Co. of Kansas City. Other bond houses were not slow to point out that...
...Mattapoisett, Mass., J. L. Stowell forwarded the U. S. Treasury in Washington 1?as his bid for the Ned's Point Lighthouse and an adjoining 4-acre tract at Mattapoisett which will be sold by the Government to the highest bidder. From the National Military Home in Dayton, Ohio, Veteran E. R. Coran promptly bid $4.98 in cash "and one-fifth of my life in service in any capacity that the Government may choose to consume...
...land is the solid old Milwaukee Journal which made money even during Depression. At her death last February, the 55% of Journal stock Founder Lucius William Nieman left in trust to his widow and his niece, Faye McBeath, was to be sold, not necessarily to the highest bidder, but to the persons "most likely to carry on the Journal tradition...