Word: newarks
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...Cord were read off. On the set-up presented by Mr. Farley, Errett Cord had been expected to underbid the field, capture a virtual monopoly of U. S. airmail. Instead, he bid so close to the maximum on eight routes, that he was heavily underbid on all but the Newark-Boston run. He stood to lose even his old southern transcontinental route, having overbid his nearest competitor for half the run by 10?. Obviously fear of Cord competition had caused other lines to hack down their rates to a level where they could not possibly make their operating expenses...
...General" Farley appeared relieved last week at the prospective return of the airmail to its old status, he was far from conceding that the Administration had erred. In Newark, whither he went to lay the cornerstone of a new $6,000,000 post office, he repeated his charge that canceled contracts had been "conceived and executed by fraud and collusion," and loudly decried "hostile propaganda" and "political sniping...
Next down the map is the great transcontinental route of United Air Lines (∎o∎o∎o∎o∎), from Newark to San Francisco via Cleveland, Chicago, Omaha, Cheyenne, Salt Lake City. Other major routes flown by United and for which new contracts are to be let include the West Coast run from Seattle to San Diego, the Salt Lake City-Spokane "feeder" line and an important route from Chicago to Fort Worth via Kansas City. Only old United route not to get a new con tract is the Tulsa-Watertown feeder line
Next down the map is the "middle"' transcontinental route developed by Transcontinental & Wrestern Air ( ················), stretching from Newark to Los Angeles via Philadelphia, Columbus, Indianapolis, St. Louis, Kansas City, Albuquerque. This, the "Lindbergh" line, is the shortest route from coast to coast. Connecting the United and TWA transcontinental routes in two places are Western Air Express routes, one from Cheyenne to Albuquerque and the other from Salt Lake City to Los Angeles ( ). On the former route, a new mail contract will be awarded only...
...question is not answered," snapped the woman. "If you were to wipe out the salaries of all the general officers of the company," the officer replied, "it would amount exactly to 6? a share." Priceless Schwab. Salaries were also the sorest subject at a stockholders' meeting in Newark. The Federal Trade Commission two months ago listed Chairman Charles M. Schwab of Bethlehem Steel as the highest-paid executive in the U. S. in 1932, bonuses excluded. He received $150,000 in 1929, $250,000 in 1932. Traveling in Europe for his health, Chairman Schwab was absent from the annual...