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...amazing record is the strategic location of some of its plants in the centre of the Detroit automobile industry. Questioned about a report that he had been offered a $1,000,000 annual salary from another steel company, Chairman Ernest Tener Weir last week refused to name the bidder, but declared: "I'm glad I didn't accept...

Author: /time Magazine | Title: Business: Fair View | 5/7/1934 | See Source »

Besides going through the motions of corporate reorganization, each major bidder reshuffled its personnel and de-titled those officials who participated in the airmail "spoils conference" of 1930. United's President Philip G. Johnson stepped down and out and Vice President W. A. Patterson stepped up and in. New president of Eastern Air, T. W. A. and General Air Lines was North American Aviation's President Ernest Robert Breech. Dropped from the lists were famed Pioneers Thomas B. Doe (E. A. T.), Richard W. Robbins (T. W. A.) and Harris M. Hanshue (Western...

Author: /time Magazine | Title: Aeronautics: Bids Opened | 4/30/1934 | See Source »

...that ambitious, trouble-brewing newcomer to aviation, Errett Lobban Cord. "General" Farley reconsidered and opened not only the southern route but a new northern transcontinental route to the bidding. But these bids were to be opened one week later than the rest, offering possible consolation prizes to any bidder unsuccessful in the first auction. Again the old-line companies thought they saw an advantage for Cord, who owns a fat slice of Northwest Airways, logical link in the new northern route. The old operators began a lot of bitter talking, and citizens a lot of puzzled thinking, about the sudden...

Author: /time Magazine | Title: Aeronautics: Farley's Deal | 4/23/1934 | See Source »

Died. Wilson Marshall, 64, yachtsman; after long illness; in Bridgeport, Conn. Winner of a gold yachting cup in 1905 from Kaiser Wilhelm II, Mr. Marshall, during the War, gave it to the Red Cross for auctioning. Each time the highest bidder, having paid, returned the cup for further auctioning. When a series of such auctions had realized $125,000, Mr. Marshall decided to smash the cup, melt the gold for Red Cross benefit. Before an audience which included President Wilson he cracked it once. The cup fell apart, turned out to be mostly pewter, worth...

Author: /time Magazine | Title: Milestones, Apr. 9, 1934 | 4/9/1934 | See Source »

...successful bidder should be given six months in which to qualify for performance of the contract...

Author: /time Magazine | Title: AERONAUTICS: Turnback | 3/19/1934 | See Source »

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