Word: airmail
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Dates: during 1950-1959
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Hoopla Pays. In 1945, with only $60,000, Chalk founded the nonsked Trans Caribbean Airways by buying two DC-3s, and within two years it was earning $60,000 annually. Trans Carib expanded to lift thousands of refugees from Europe to Israel, tons of airmail from Europe to South America, flew charter trips from Johannesburg to Jerusalem. It grew so strong that in 1957 it won a regular U.S.-Puerto Rico route, became the first nonsked passenger airline in 20 years to win scheduled status (TIME, Dec. 2, 1957). Last year Trans Carib (including its major subsidiary, D.C. Transit) earned...
...AIRMAIL SUBSIDIES, which have been declining since Korean war, will jump by $10,455,000 to $61,786,000 in fiscal 1960. More than 75% of total will go to local feeder airlines...
...last week the U.S., in a mixed-up, 20%-above-normal, Christmas-like post office rush, anticipated the increase of postal rates from 3? to 4? (lavender-colored Lincolns or gold-colored Bolivars) for first-class letters, from 2? to 3? for postcards, from 6?: to 7? for domestic airmail. Richer by $450 million revenue, Postmaster General Summerfield rosily called it "the beginning of the greatest period of postal progress in American history." Epilogue to an era, in the letters-to-the-editor column of the Chicago Daily News: "I have nothing to say, but I thought...
Mack had at least one defender. Tough, outspoken National Airlines President George T. Baker, who in 40 years had personally built a 140-mile airmail run into a lucrative. 3.400-mile passenger route. Baker, a fellow Floridian, appeared before the FCC-probing House Special Subcommittee on Legislative Oversight to protest that Mack was "being broken, crucified and . . . sent home in disgrace." But "more guilty," insisted Baker, were Florida's Democratic Senators George Smathers and Spessard Holland, together with Tennessee's Estes Kefauver. Their crime, to Baker's mind: pressuring the FCC for a rival Channel 10 applicant...
...Hills. The present Sultan, eleventh of his line, is Said bin Taimur, 46, a portly greybeard who was educated at a college for princes in British India, writes precise letters in English on crested blue paper, reads the airmail London Times delivered by the R.A.F., and understands perfectly what oil could do for his depleted fortune...