Word: crashes
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Because the crash that killed Knute Rockne and seven others in Kansas last month (TIME, April 13) has yet to be fully explained (beyond the simple fact that a wing of the Fokker plane pulled off) the Department of Commerce last week took drastic action. It suspended all Fokker trimotors of the 1929 type from passenger service until experts of the Department and the Fokker company make a thoroughgoing inspection of each craft. Said Assistant Secretary of Commerce Young: "No reflection of any kind upon Fokker aircraft or its basic design or original construction. The only point involved...
...research staff is large and skilled, and Mr. Bailie places great faith in the "field trips" which his men take to survey business throughout the U. S. at first hand. TriContinental takes great pride in being the first investment trust to publish its portfolio after the stock-market crash. Last March its assets stood at $77,000,000 against $83,000,000 a year...
Holt & No. 37. After the crash of the R-101 decimated the ranks of Britain's high aviation officers, Air Commodore Felton Vesey Holt was made Air Vice Marshal, placed in command of air defenses last month. (He had been in charge of the staff which examined the wreckage of the R-101.) Last week Air Vice Marshal Holt reviewed the flying forces at Tangmere Airdrome, Sussex, flew in a Moth biplane with Flight Lieut. Henry Moody. One of the ten planes escorting him dropped out of place, edged close to the Moth, brushed wings with it, sent...
Undoing. Like everyone else's, Mr. Eaton's troubles began with the stock-market crash of November 1929. On top of this came the long and costly battle against the Youngstown-Bethlehem Steel Merger. Unwilling to sell his Youngstown stock and, for tactical reasons, forced to buy more, Mr. Eaton was soon in an over-extended position. He needed cash. So, at the end of 1930 he (through Otis & Co.) sold to Continental Snares one of his richest plums: 40% of the voting stock of United Light & Power (the $500,000,000 utility system which was Mr. Eaton's first...
...Named for Count Henri de la Vaulx, long-time president of the Federation, killed last year in the crash of a Canadian Colonial Airways plane near Newark...