Word: delta
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Dates: during 1940-1949
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...Atlanta last week was completed one of the biggest airline underwritings ever handled by a single investment banker. Courts & Co., bossed by smart, wise Richard Winns Courts Jr., hung the "sold out" sign on 60,000 shares of Delta Air Corp. common, priced at $9.50 a share. To Courts & Co. this meant $75,000 commissions (plus $3,000 legal fees). To D.A.C. it meant $495,000 with which to bolster working capital, reduce debts, look ahead...
...Delta started in June 1929, when gruff, farm-minded Collett Everman Woolman deserted his profitable crop-dusting business (done with Huff-Daland Dusters and other hedgehoppers) to ferry passengers between Dallas and Birmingham. For 16 months it looked like a good switch: passengers were more lucrative than insecticides, and safer. But in October 1930, postal officials pushed him off the airline map, gave a fat mail contract to rival American Airlines. Disgusted, Woolman sold his passenger equipment to American, went back to dusting...
...planes, 25 employes and more nerve than cash, he snagged the mail contract for the Dallas-Atlanta-Charleston, S.C. run. Meanwhile, 63-year-old ex-Newspaper Publisher Clarence Eugene Faulk, who made $500,000 when he sold his Monroe (La.) News-Star and Morning Post, was buying blocks of Delta at $5 a share. Later Delta stock went to $40 (then split 4-for-1) and Faulk went to the president's chair as finance overseer. Woolman became operating vice president...
...tests. The Institute's chief, Tracy Putnam, himself tapped Pandora's spinal cord, drew fluid for tests. On the electroencephalograph, which records brain impulses as clues to tumors or other disturbances, Pandora flopped: her too-thick skull thwarted doctors looking for variations in the alpha, beta and delta waves...
...reported that Lampy's doors and windows remained unshattered, indicating that the purloiners must have played a "human fly" role, climbing up the outside of the fantastic edifice on the Bow-Mt. Auburn Street delta...