Word: contract
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...believe we should make new contracts with commercial air carriers as soon as possible. ... I suggest that new airmail contracts be let for a period not exceeding three years on full, open and fair competitive bidding, with a limitation of the rate of compensation above which no contract will be awarded...
...successful bidder should be given six months in which to qualify for performance of the contract...
...months before any contract expires, the Interstate Commerce Commission should pass on its public convenience and necessity and fix its future rates...
...contract should be awarded to a company affiliated with any other company (or holding company) in the aviation business...
...became president of Export Steamship Corp., which operates between New York and the Mediterranean. When after the War the Federal Government set out to restore the U. S. merchant marine to its oldtime glory by means of mail subsidies and cheap construction loans, Exporter Herbermann got the first mail contract. His subsequent activities were aired last year before the Senate committee investigating air and ocean mail contracts. Discoveries: 1) the Shipping Board spent $1,825,000 to repair 18 ships which it sold bolt and keel to -Henry Herbermann for $1,071,431; 2) Mr. Herbermann, under the Jones-White...