Word: hertz
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Dates: during 1930-1939
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Captain Edward Vernon Rickenbacker was the No. 1 U. S. War Ace, is currently the hardbitten, harddriving, general manager of Eastern Air Lines. John Daniel Hertz has bagged enough businesses in his 58 years to be an ace at U. S. finance. A Chicago reporter, he founded Yellow Cab Co. in 1915, sold most of it to General Motors Corp. ten years later for $43,000,000. Currently he is a partner of Lehman Bros., potent Wall Street investment house which controls Transcontinental & Western Air. For several months Aces Hertz and Rickenbacker have been engaged in an air duel which...
Eastern's system would be a magnificent addition to Transcontinental & Western Air, whose slim East-West line from New York to Los Angeles needs North-South feeders. Last month, therefore, John Hertz and his associates in Lehman Brothers offered to buy it for $3,250,000 ($1,000,000 cash, rest in notes). It so happens that North American Aviation is controlled by General Motors Corp. through ownership of nearly 30% of its stock. The various Hertz truck and bus lines are General Motors' valued customers and shrewd Financier Hertz knew G. M. would think twice before snubbing...
...weeks while he hunted for other buyers. These he found in the Wall Street investment houses of Smith, Barney & Co. and Kuhn, Loeb & Co. When they agreed to put up $3,500,000 in cash, keep the line independent and give General Manager Rickenbacker complete operating control, John Hertz gracefully folded his wings and yielded the battle. Said Eddie Rickenbacker: "I am glad to be able to save the airline for the gang that made...
...HIDDEN LINCOLN-Edited by Emanuel Hertz-Viking...
...glowing tribute to Herndon, but advised Weik to refuse permission to other biographers. Weik took his advice so literally that for 30 years students could not get access to the 8,000 pages of material. Now in the Huntington Library in California, it has been drawn on by Emanuel Hertz, author of Abraham Lincoln-A New Portrait, in editing The Hidden Lincoln. A belated testimonial to Herndon's integrity, The Hidden Lincoln is a big book, dense and badly edited, repetitious, with few explanatory notes. Although it makes fascinating reading for people who know Herndon's Lincoln...