Word: beeches
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Dates: during 1950-1959
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...Leaders. The Big Three of the private-plane industry are Cessna Aircraft Co., whose President Dwane Wallace is called the "Henry Ford of the light-plane business"; Beech Aircraft Corp., whose President Olive Ann Beech is the only woman to boss a big plane maker, and Piper Aircraft Corp., whose President William T. Piper is the dean of the industry...
...Detroit of the small-plane industry is Wichita, Kans., where the two biggest companies-Cessna and Beech-account for 70% of all the dollars spent on light planes. Between them, they offer customers twelve different models, priced from $7,000 to $210,000. Beech concentrates mainly on higher-priced planes, while Cessna rules the middle and lower brackets. And though Beech leads in total business, with 1957 sales of $104 million (66% military), Cessna is the world's biggest private-plane builder, with commercial sales of 2,489 planes worth $33 million (total sales: $70 million). First-quarter fiscal...
...Beech and Cessna might be one huge company today were it not for a personality clash between Walter Beech, a Tennessee farm boy turned pilot, and Clyde Cessna, another farm boy from Kansas. The two started off together, formed Travel Air Co. in 1925 with Cessna as president, Beech as sales manager. But after building two types of planes, one of which was the first commercial aircraft to fly the Pacific to Hawaii, Cessna went off to form his own company. Beech merged Travel Air with Curtiss-Wright and later, in 1932, formed his own company...
...entertainment of union chiefs and their friends, the local kept a 40-ft. Chris-Craft cruiser, a mountain cabin, a twin-engined Beech airplane; two Local No. 3 officials admitted that they once used the plane to fly to five different cities to cash $2,000 expense checks so it would look as though the money was being spent for campaigning...
...Pittsburgh Post-Gazette suggested that the waiting correspondents could well sing the new ditty, I Made a Fool of Myself Over John Foster Dulles. Cabled the Chicago Daily News's Keyes Beech from Hong Kong: "In the opinion of the correspondents, the Dulles statement authorizing them to travel to China (TIME, Sept. 2) was deliberately and provocatively contrived to leave the Reds no choice but to refuse." At his regular news conference, Secretary of State Dulles said that the U.S. would "consider on its merits" any application by a Chinese newsman to enter the U.S. To some, this seemed...