Word: lobban
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Dates: during 1930-1939
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Every airmail contractor in the U. S. shuddered last week as the fight for control of Aviation Corp. became more & more rowdy (TIME. Nov. 21). Whether the operators sided with the management or with Motormaker Errett Lobban Cord, 30% stockholder who was trying to unseat it, the industry was painfully aware of one fact: That the missiles hurled by each side would be picked up by opponents of airmail subsidies, carefully saved until the next Congress convenes, then flung at all air transport...
...Hubert Beal, 37, became president of Auburn Automobile Co, as busy Errett Lobban Cord, 38, retired to the chairmanship. Mr. Beal has worked for Auburn's unit, Lycoming Manufacturing Co., since 1919. In 1931 Mr. Cord withdrew into the chairmanship for ten months. Currently he needs freedom to attend to his interest in Aviation Corp...
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...
...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 own their homes...
...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...