Word: atlases
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...aircraftmaker last week set up a rental agency for airlines that need new planes but lack the cash to buy them. Floyd Odlum, whose Atlas Corp. controls Consolidated Vultee Aircraft Corp., announced that he would form a $50-million-plus company to buy 100 twin-engined, 40-passenger Convair-Liners. (It will also give Convair some badly needed business.) The planes will be rented out to airlines which may buy them later at cost less depreciation. Odlum hopes eventually to finance the planes of other aircraftmakers in the same...
...statements is something like the attempt to draw a map of the world on a flat surface . . . It is impossible to do this without a certain degree of falsification, because the surface of the earth is a spherical surface whose pattern cannot be reproduced accurately upon a plane . . . An atlas meets the problem by giving us two different maps of the world which can be compared . . . They contradict each other to some extent at every point. . . So it is with the paradoxes of faith . . . not because the divine reality is self-contradictory, but because when we 'objectify...
...Hughes story for two decades. He had always been an independent-a lone wolf, unpredictable and exasperatingly successful most of the time. Now he had stepped into control of a top studio. After trying (characteristically) to get the stock for two points less than the market, he had paid Atlas Corp.'s Floyd B. Odium a whacking $8,825,690 for 929,020 shares...
Most U.S. industries last week had a price wolf by the ears. For the cement industry, a way to get rid of him seemed relatively plain. Bowing to a Federal Trade Commission order recently upheld by the Supreme Court (TIME, May 10), Universal Atlas Cement Co., largest cement maker in the U.S., last week grudgingly gave up its basing-point system of pricing. The company called the order "economically unsound and wrong," but it announced that it would sell henceforth at prices f.o.b. its plants; freight costs would be applied to the buyer's bill. Smaller cement companies promptly...
Universal Atlas is a subsidiary of U.S. Steel, so some steelmen thought that the parent might soon give the cue to abandon basing points in steel and many another industry. But short of more specific orders from FTC, the decision would come hard. To many industrialists it seemed that dropping the basing-points system-and using the alternative of discounts to meet competition-could cause as much trouble as holding on to them. The dilemma had been neatly, if inadvertently, pointed up by the Supreme Court itself...