Word: goodyears
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...Goodyear Tire & Rubber Co. stockholders last week ratified by vote the peace-plan that Owen D. Young suggested to them two months ago (TIME, May 23). They had been quarreling for years about the way the company was operated. Last week they approved selling $60,000,000 bonds to replace several current issues; elected 17 directors (who chose seven of their number to be the company's executive committee); re-elected Paul W. Litchfield president...
Such, briefly, are the features of the new Navy dirigible designed by the Goodyear Tire & Rubber Co. of Akron and awarded first prize ($50,000) in the Airship Competition Board's contest for the best dirigible design. The Board, headed by Rear Admiral William A. Moffett, has recommended that the contract for constructing the ship be also given to the Goodyear company, and Secretary of the Navy Wilbur has approved the recommendation. Should the Goodyear company build the ship, it cannot collect the $50,000 for the design, a stipulation of the contest being that if the company submitting...
Twenty-four hours later, the Goodyear balloon containing Pilot Ward T. Van Orman and his assistant, W. W. Morton, descended on the beach near Bar Harbor, Me. (715 miles from Akron). It had floated a greater distance than any of the other 14-thereby winning the National Elimination Balloon Race and the right to represent the U. S. in the Gordon Bennett Trophy (international) race in the autumn. Second and third places went to the Detroit Flying Club entry and the Army No. 3 balloon from Scott Field, Ill., who respectively floated to Skowhegan, Me. (665 miles) and Biddeford...
Pilot Van Orman, 33, lean, studious, is such a wise meteorologist that his fellow employes at the Goodyear Tire & Rubber Co. consult him upon whether or not to go fishing. He won the Bennett Trophy last year, is perhaps the ablest of U. S. balloonists...
...Young's Goodyear pacification plan of last week provides for 1) a new board of directors to represent all factors in the company's finances; 2) a 160,000,000 first mortgage bond issue to replace the previous refinancing mortgages and save the company $1,100,000 yearly in interest; 3) Paul W. Litchfield to continue as president. Mr. Litchfield was long Mr. Seiberling's vice president. Edward G. Wilmer, who now functions as Dillon, Read's president of Dodge Bros, (motor cars, Graham Bros, trucks), was the management committee's first successor to onetime...