Word: airmail
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...people would analyze the present airmail situation, they would soon realize why the large commercial aviation companies are the only concerns that can carry the mail successfully, and why the Army has failed so utterly in its attempt to transport the mail," said George F. Doriot, professor of Industrial Management at the Business School yesterday when interviewed by the CRIMSON. "It was perfectly natural to allow only the large concerns to bid for the contracts at the time they were issued, and I cannot understand why so many people are today complaining about this action...
Professor Doriot stressed the point that he did not blame the Army alone for the failure of the airmail. "The Army would have had far better results had the government given it the money it desired for equipment and research work, but the requests was not heeded, and, therefore, the government is to blame...
When President Roosevelt ordered all domestic airmail contracts canceled, Walter T. Varney telegraphed Postmaster General Farley that he could and would fly the entire U. S. airmail in 20 ships for the postage alone. Though the Varney offer was not taken up, it was not the proposal of a crackpot. In 1925. Mr. Varney got the first private contract to fly U. S. mail in the Pacific Northwest on a line which he later developed into the Salt Lake-Seattle system and sold to United Air Lines six years later...
Since no one can now read the future of private U. S. airmail operations, Mr. Varney has turned his attention one Republic south. One night last week a Lockheed Orion of his new Lineas Aereas Occidentals roared into Los Angeles, completing its first 1,700-mi. trip from Mexico City in 10 hr. Lineas Aereas Occidentales (Western Air Lines) will operate three planes a week over the route with five Orions used on Varney Speed Lines (Los Angeles-San Francisco...
...month rumors have seeped through Washington that certain people with advance information made a killing by selling air stocks short just before President Roosevelt ordered the domestic airmail contracts canceled. Last week President Richard Whitney of the New York Stock Exchange delivered to the Senate Banking & Currency Committee a long and miscellaneous list of 555 air-stock sellers. Politicians and the Press 'made a big to-do over the fact that J. P. Morgan & Co., than which no organization has at present less political pull, had sold 4,500 shares of United Aircraft fortnight before the Feb. 9 annulment...