Word: errett
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Seven months ago William Averell Har- riman. then board chairman of potent Aviation Corp.. was persuaded to invite Motormaker Errett Lobban Cord into the directorate of Avco. Mr. Cord had been a painful nuisance to Avco and other ''pioneer'' operators with his low-fare Century Air Lines, his rambunctious efforts in Washington to get mail contracts. Avco took over Century, gave Mr. Cord 5% of the Corporation's stock. There were expressions of esteem on both sides. But the industry, aware of Mr. Cord as a shrewd, aggressive operator, accustomed to running things...
...ones. In Chicago's swank Lake Shore Drive district a six-room apartment in the building where lives Samuel Insull Jr. (who has rented three-fourths of his duplex) was recently rented for $300, while a four-room one in the building called "home" by Auburn's Errett Lobban Cord costs $200 against the former price of $300. In the cheaper apartments of from $50 to $80 a month there is only a 7% vacancy. The white-collar Lawndale district has vacancies of 5% against 16% in the cheaper '"Canal" section. Owned residences (31% of Chicagoans...
...second reason is well illustrated by American Airways and United Air Lines. American Airways is replacing Fords with Stinsons built by its new and influential stockholder Errett Lobban Cord. United, which currently flies Fords between New York and Chicago, is getting ready to install new high-speed Boeings capable of crossing the U. S. in 24 hours. Transcontinental & Western Air is expected to patronize Curtiss-Wright, to which it is related through their mutual holding company, North American Aviation...
Married. Charlotte White, 24, younger daughter of Ohio's Governor George White; and Dr. Frank Errett Hamilton, 27, of Columbus, Ohio; in Columbus...
Antic Auburn, Usually price-cuts are bad news to a company. Last week when Auburn Automobile Co. cut $300 to $700 from the prices of its cars. President Errett Lobban Cord cheerily stated it was part of a campaign "to put men to work." Motormen noted that Auburn's low prices are now within $200 of Ford, Chevrolet and Plymouth, some $300 below its leading competitors in the $900-$1,000 price class. During the first four months of the year Auburn had 1.1% of the total U. S. passenger car business against 1.6% in the same period...