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...held old 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...

Author: /time Magazine | Title: Aeronautics: Farley's Deal | 4/23/1934 | See Source »

...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 on his unsuccessful efforts to get more advantageous mail contracts, was vowing to this effect: "All this is going to be changed. We are attending to that." And it was just after election that Cord's able, hard-boiled righthand man. Lucius Bass Manning, declared vaguely...

Author: /time Magazine | Title: Aeronautics: Farley's Deal | 4/23/1934 | See Source »

...webs with others to produce any picture other than that of an alert organization headed by an astute, scheming, self-effacing businessman who knows how and where grand parsnips can be found and buttered. His suspicious critics notwithstanding, it is impossible to read anything subtle into the grandiose interview Errett Cord gave out last year in Kansas City. Excerpts: "There is more opportunity in the world today than ever. . . . Fortunes change hands every seven years. Who gets them? Somebody else. . . . A clearheaded, hard-working young man never admits a closed frontier. . . . If he can give better service than a corporation...

Author: /time Magazine | Title: Aeronautics: Farley's Deal | 4/23/1934 | See Source »

This left but one major operator who has never protested-American Airways' inscrutable Errett Lobban Cord...

Author: /time Magazine | Title: Aeronautics: Confusion Confounded | 4/16/1934 | See Source »

...business. James Joseph ("Gene") Tunney was a shipping clerk and went to War with the Marines while Jack Dempsey was posing as a riveter. Five years ago Tunney married Polly Lauder, Carnegie Steel heiress. Last week he was elected a director of New York Shipbuilding Corp., controlled by Motorman Errett Lobban Cord. Presumably he will represent the Lauder interests...

Author: /time Magazine | Title: People: Personnel: Apr. 2, 1934 | 4/2/1934 | See Source »

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