Word: beech
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...American Can Co., Beech-Nut, California Packing, Campbell Soup, Continental Can, Corn Products, General Foods, H. J. Heinz, Libby, McNeill & Libby, National Biscuit, Owens-Illinois Glass, Quaker Oats, Standard Brands, Swift, United Fruit...
...plushiest employe profit-sharing plan in big corporation history last week was announced by Beech Aircraft Corp. The scheme-which was okayed with a whoop and a holler by Beech's 6,000 employees-gives them one-half of all company profits. Distributions (50% cash, 50% U.S. Defense Savings bonds) will be made every three months on the basis of the preceding quarter's earnings. Beech thereby expects to generate enough worker cooperation and efficiency at least to offset the cost to the stockholders...
...Beech was an unusual planemaker even before it announced this unusual plan. The biggest U.S. mass producer of heavy, twin-engined bomber trainers, its sales and profits have paralleled those of the bomber makers themselves, though at a lower level. In the year ended Sept. 30, Beech sales rose 240% to $8,063,000, profits 600% to $472,000. Both were all-time records...
Tough-minded Walter Hershel Beech, 48, looks like an oversized Bing Crosby. He never got through the seventh grade but has an amazing knack for machinery and aerodynamics. After five years in the Army Air Corps (1917-21), he joined Lloyd Stearman and Clyde Cessna (both of whom later formed their own companies), started Wichita's Travel Air Co. to make small planes. Travel Air boomed with the air craze of the Twenties...
...were lucky, you could get 92-lb. catfish in Midwestern rivers. The boys called themselves Boone's Scouts; they would crawl on their hands and knees if the pickets began shooting at each other over their heads. Once Dan was fishing in Bank Lick when a beech tree suddenly exploded in the quiet afternoon, split as if hit by lightning. It had stopped a solid ball from a monstrous Columbian...