Word: corde
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Dates: during 1930-1939
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...stocky, purposeful Sigmund Janas was assistant to American's President C. R. Smith. Earlier he had learned the tricks of financing as Deputy Superintendent of Banks in California, the tricks of airline operation as president's assistant for Western Air Express. Close friend of Motorman Errett Lobban Cord (American's chief stockholder) he had also learned how to combine the tricks of operation and banking, take over ah airline (as Cord had American) and make it tick...
...some 80 aeronautical properties, including 9,100 miles of airlines. These were presently lumped into American Airways. As might have been expected, the conglomeration had an operating loss of $3,400,000 in 1930. Successive losses brought continued shake-ups in management until 1932, when Plunger Errett Lobban Cord got control after a spectacular proxy battle...
...Cord management succeeded in cutting the deficit down to $600,000 in 1933 but next year the notorious airmail cancellations dealt American Airways a $4,500,000 wallop and it had to reorganize, emerging in its present form as American Airlines, Inc. The same year American got its present president, homespun, slangy Cyrus Rowlett ("C. R.") Smith of Texas...
American's stock, with 290,000 outstanding shares (biggest single owner, Errett Cord: 20,000 shares), is considerably smaller than the average issue admitted to the Big Board. And American, having been listed on the Curb only three years, has neither the profit record nor the "seasoning" that has traditionally been required for Stock Exchange listing. But the exchange was glad to list American as the largest unit of a growing industry. American is glad to have the more active market on the Big Board, for it may be obliged to issue more shares to improve its current weak...
...execution" was to take place forthwith, and so Billy's neck was forcibly put on the block; whereupon he was struck with a wet cord that had been chilled, very conveniently, to more or less the temperature of a steel blade. Billy's simpleminded brain reacted most realistically to this mock execution, and it telegraphed the rest of his body that he was "done...