Word: frontier
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Dates: during 1960-1969
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Died. Major General Henry Clay Hodges, 103, West Point's oldest alumnus (class of '81), who was born on the frontier, was appointed to the Military Academy by Ulysses S. Grant, campaigned against Comanches on the Pecos, Moro rebels in the Philippines, Pancho Villa in Mexico, and led his 39th Division to France in World War I, before retiring in 1920 to an old soldier's place of honor at every West Point graduation since then except two; in Stamford, Conn...
...Maytag picked just the right time to take over. In 1961 the Civil Aeronautics Board awarded National the lucrative Southern transcontinental "rocket run" linking the aerospace centers of Cape Canaveral, Houston and the West Coast. Sensing a good opportunity, Maytag, who was then running the Rocky Mountains' local Frontier Airlines, bought Baker's 250,000 shares for $6,400,000 with family help...
After attending Colorado College, he set up his own flying school in Colorado Springs, later bought control of Frontier. Maytag put money-losing Frontier into the black during his four years there, but ran into CAB opposition to his plan to discontinue service to half of the points served by Frontier. He concedes that his initial naivete about the airlines business cost him endless head aches. He sold Frontier to go National...
Maytag brought along his four-man executive team from Frontier to help run National, set out to shine up the line's somewhat tarnished reputation. National executives, who had grown gun-shy under terrible-tempered Ted Baker, found themselves with freely delegated authority. Maytag modernized National's fleet (now nine DC-8s, 17 Electras), eased the debt burden by arranging new financing, and prettied up the stewardesses with fuselage-hugging black sheaths by Oleg Cassini...
They did not carry long rifles or travel in prairie schooners, and there was not a Daniel Boone in the lot. They were peddlers. In their 140-lb. packs, they carried free enterprise in its purest form to the frontier. Inexpensive needles, thread, piece goods, fancy notions, buttons and furbelows, even snake oil, but these were what the pioneers needed - the thousand tiny common denominators of civilization. Most ended with little more than sore feet. But some who began as peddlers created American business dynasties: Samuel Pels of Fels-Naptha soap, Department Store Founders Adam Gimbel, Benjamin Altman and Marshall...