Word: fairchild
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Dates: during 1930-1939
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Fair child Aviation Corp., outgrowth of Fairchild Aerial Camera Corp. formed ten years ago by youthful Sherman Mills Fairchild, is a holding company held in turn, until last week, by Aviation Corp. It included Fairchild Airplane Manufacturing Corp., Fairchild Engine Corp., Kreider-Reisner Aircraft Co. Inc., Fairchild Aerial Camera Corp. and Fairchild Aerial Surveys, Inc. Of late, Fairchild Airplane Manufacturing Corp. and Fairchild Engine Corp. have operated at heavy losses; large expenditures would be necessary for experimentation and development of new products before the plants could be operated on a paying basis. Fairchild Aviation Corp. has not the money. Last...
...independent Fairchild company will build planes in its Hagerstown, Md. and Montreal plants. Aviation Corp. may continue to produce the present type of planes and engines at the Farmingdale factory, but must soon abandon the Fairchild trade name...
...must control population. . . . We are forced to a choice. Nature's remedies are pestilence, war, disease and famine. Personally I prefer to substitute the more human method to the cruel natural process." -Henry Pratt Fairchild, New York University sociologist...
Four scholarship holders have been named in the Harvard Law School; three for the Sidney Thompson Fairchild Scholarships, a fourth for the Reuben B. Hutchcraft Memorial Scholarship. The holders are Nathan Davis, of Arlington, New Jersey; Joseph V. Crockett, Jr., of Nashville, Tennessee; and William M. Marvel '30, of West Medford, for the Fairchild Scholarships; and Maurice Abrams, of Providence, Rhode Island, for the Hutchcraft Scholarship...
...loss, $1,095,813.11 was described as "extraordinary charge-offs and provision for special losses, including adjustments relating in part to prior periods." President Frederic Gallup Coburn included therein the losses (by current lower prices) in value of unsold Fairchild planes & engines; of "ventures . . . which do not now seem to promise profitable operation" (possibly Cuban flying service, various flying schools). Aviation Corp., with its $19,000,000 cash resources, could well afford the "house cleaning" of items that would otherwise hang over to clutter up future balance sheets, and mitigate the good showing anticipated from benefits of the Watres airmail...