Word: 6s
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...room in Washington, the Civil Aeronautics Board opened preliminary meetings last week to see if National Airlines, Inc. should be put out of business. The case for dismemberment was strong last year: hit by a ten months' strike and hurt by CAB's grounding of all DC-6s, National lost almost half its passenger traffic, turned in a $1,946,041 deficit in 1948. But last week, National's President George T. ("Ted") Baker was hardly acting like a man who expected to shut up shop. He announced that he would launch a new, luxury "Star" flight...
...Founder Wykeham, in fact, specified that his students should be "pauperes et indigentes," and set an upper limit of ?3 6s. 8d. on their annual income, but few real "pauperes" ever got in. For centuries, most of the appointments have gone to the sons of influential fathers. *Another group, the "Founder's Kin," long had special privileges, e.g., they could stay in Winchester until they were 25, but ultimately they became so numerous that the privileges were abolished. Unofficial test of a boy's relationship to Founder Wykeham: crashing a wooden platter down on his head...
...coming. He had narrowly missed seeing his three entries take first, second and fourth place; with only eight laps to go, one of Moore's cars had to drop out with a broken magneto strap. But by taking first and third, Moore won $65,855 in prizes, split (6s%-35%) with his drivers...
...aside $2,000,000 of the grant for American, United and T.W.A., to make up losses suffered when their DC-6s were grounded in 1947 and their Constellations in 1946. In so doing, CAB established a precedent. From now on, it will reimburse the airlines for losses suffered from the grounding of new equipment by the government...
Even so, CAB may find it difficult to take away National's franchise. Baker could make a good case that CAB was being unnecessarily harsh. The grounding of the DC-6s had laid up his four newest planes last winter, and, until recently, when its air mail subsidies were upped, National had received the lowest (2½? a mile) rates in the industry. Baker has already enlisted the help of the governor of Florida, and the Miami Chamber of Commerce will fight CAB's proposal at the hearing Dec. 1. Even the strikers were worried at the prospect...