Word: fairchild
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Dates: during 1930-1939
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Stockholders willing, a corporate fission will occur this autumn in a notable aviation name. Fairchild Aviation Corp. announced plans last week to divorce its engine and aircraft units from its aerial camera and survey business. The latter will be carried on by the present company. Shares in a new concern to be known as Fairchild Engine & Airplane Corp. will be distributed share-for-share to stockholders in Fairchild Aviation...
...most people Fairchild still means a high-wing, cabin monoplane popular with sporting brokers and airport joyriders in the twilight of the 1920's. Depression hit the company as hard as it hit the rest of the industry, and in the last five years planes, on the average, have accounted for only one-fourth of Fairchild sales. The balance was derived from the aerial camera and survey divisions, in both of which fields Fairchild is an undisputed leader...
...Fact is, Fairchild planes were simply an outgrowth of the original camera business founded by Sherman Mills Fairchild in 1921. Son of the first president of International Business Machines, Sherman Fairchild had the money and the talent to indulge his precocious interest in photography. Ordered to Arizona for his health after a futile attempt to get into the Army during the War, he set out to improve the crude cameras then used in aerial photography. Within a few years he had developed a precision instrument as far removed from the ordinary camera as a micrometer from a tape measure...
Halcyon days of the U. S. sport of gliding were in 1929. Airplane tycoons like Richard Hoyt, Sherman Fairchild, Giuseppe Bellanca, William Stout, spent big money to promote it because expert glider pilots can easily learn to fly motored planes. Detroit Aircraft Corp. purchased Gliders, Inc., biggest U. S. glider manufacturer, planned to sell gliders at cost. Glider clubs began to be organized. Conservative enthusiasts predicted 1,000,000 glider pilots...
...month last year. The Federal Reserve Board reported department store-sales last month up 13% from the year before, gains ranging from 5% in the Minneapolis Reserve district to 22% in the Cleveland district. In the past few weeks wholesalers have been swamped with orders. That curious figure, the Fairchild index of Buyers' Arrivals in Manhattan, was nearly 15% above the same week a year ago. Retail merchandise deliveries in the New York metropolitan area, comprising at least one-tenth of the total U. S. retail market, were up 10% for the first two weeks of this month. Except...