Word: corded
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...contracts, only one would, without firing its best men and reorganizing, be clearly eligible for new contracts,* and that one line was the line that had had the always unprofitable southern transcontinental route. That line was American Airways, controlled by that ambitious, trouble-brewing newcomer to aviation, Errett Lobban Cord. "General" Farley reconsidered and opened not only the southern route but a new northern transcontinental route to the bidding. But these bids were to be opened one week later than the rest, offering possible consolation prizes to any bidder unsuccessful in the first auction. Again the old-line companies thought...
...such as United and the General Motors Group (TWA, Eastern Air, Western Air Express) are expected to bid for their old routes and nothing else, except where bids specify certain extensions which must be let in groups. Bids are expected to be very low, to forestall possible underbidding by Cord. If he bids successfully for the cream of the mail contracts, he would find himself astride the most elaborate air transport system in the world. Then indeed would the Kingdom of Cord come into its own. Preparation for Power. When the New Deal was at hand, Errett Cord, commenting...
...tried to go is largely conjectural. An interesting body of legend has accumulated of which the following is a partial analysis: Legend: Cord contributed $1,000,000 to Roosevelt's campaign. Probable fact: $23,000 is nearer right. Legend: Amon Carter of Texas was Cord's prime Washington go-between. Cord stood ready to back Mr. Carter in buying the Washington Post. Fact: Mr. Carter, who sold his Aviation Corp. stock [500 shares] after Cord got control, has never been obliged to Mr. Cord, but knows him well. Legend: Silliman Evans. 4th Assistant Postmaster General, is Cord...
...year, netted him $100,000 with which he bought out wobbly Auburn Automobile Co. Youngest motorcar company president in the U. S. at 30, he built up a quick fortune which he expanded by, acquiring Duesenberg and a few companies manufacturing accessories. Until he introduced the Cord Front-Drive car in 1930, his name was known to a very small portion of the public. It was about then that he bought a plane, learned to fly it, determined to make planes much cheaper than they then were. With the late Edward A. Stinson he began producing trimotored transport planes...
...declared that, to be eligible, each company must swear none of its officers had been guilty of fraud and collusion. No company officers had been tried, all claimed they were innocent, yet General Farley reserved to himself final judgment of the truth of the companies' affidavits. Only Cord man on the Farley blacklist was R. C. Marshall, a division manager of American Airways, who was quietly detitled last week when American Airways was changed to American Airlines, in which Controller Cord does not appear as either officer or director. * Cord's natural comparative, Henry Ford, whose famed saying...