Word: cabs
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...your description of the London taxi [April 20] written by an American whose knowledge of England is confined to Hollywoodery, or by a lippitudinous Londoner? Let me disabuse you and him and many an innocent reader: that vehicle, unlike the North American cab, is designed for its special job-which includes the easy coping with as much baggage as any passenger is likely to have . . . And far from being a sort of automobilic coelacanth . . . the London taxi has steadily evolved and has always been equipped with the best current power unit and general equipment...
Fare Enough. In Tokyo, Walter Tonge hailed a cab, recognized it as his stolen car, asked to be taken to the nearest police station where he had the driver booked for theft...
Londoners learned with a start last week that its beloved taxicab may be riding its last crooked mile. London now has only 5,400 taxis, and nearly 40% of them are at least ten years old, a parliamentary committee found. Furthermore, cab owners are losing about .78 pence a mile, and higher rates would not help, since the last increase brought a commensurate drop in fares. The only company now making cabs (Austin) is down to five orders a week and ready to halt production unless orders increase...
...stockholders and CAB approve, the new line, called Flying Tiger-Slick Airways, capitalized at $13 million, will exchange a half share of Tiger common (last week's price: about 9⅞ a share) and one share of a new issue of 5½% convertible preferred for each share of Slick common, selling around 8. Tiger's President Bob Prescott will run the new company, with Slick President Tom Grace as executive vice president. The two lines, which last year flew a combined total of no million ton-miles (46% of all freight flown...
...airline, which had gone deep in the red, as CAB had warned it might, promptly raised a dust storm of protest. Pioneer s president, General Robert J. Smith announced that his line would have to fire its 450 employees, shut up shop within a week, and wires from aroused constituents poured in upon Texas Congressmen. In reply, CAB calmly indicated that here were several anxious airlines just waiting to take over Pioneer's routes