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...strange thing about the young U. S. airline business is that one of its great potential fields of development is controlled by its elderly competitor, the railroads. Air express, by contract with the air lines, is a monopoly of Railway Express Agency. And Railway Express Agency is owned lock, stock & barrel by 70 railroads, which have lost some 10% of their Pullman passenger business to transport planes. With all the passenger and mail business they can conveniently handle, U. S. air lines have paid little attention to express, are glad to pay Railway Express Agency a commission...
...which for seven months eclipsed the war on land, was obscured but by no means suspended by last week's maelstrom in Belgium and France (see p. 23). Two major moves were made almost in lock step...
This year Disston expects to come close to its 1929 sales record: $12,000,000 (about two-thirds from saws). With a net worth of about $8,500,000, Disston does not tell its profits, is owned lock-stock-&-barrel by the Disston family, who are hardy, friendly, prolific. Six Disstons work for the company today. Oldest is Board Chairman Henry (grandson of Founder Henry), who presides over board meetings from his apartment at Philadelphia's Bellevue-Stratford. Head of purchasing is sporty William Dunlop Disston, 52, whose son William, now in the shops, is the first fourth-generation...
Moreover, the bank was his, lock, stock & barrel, for he had long ago bought out his partner. On his deathbed he looked up to ask: "Is everything all right?" Advised that it was, he instructed: "Keep it so." His only son, Asahel II, kept it so until last week. For years he personally took over delinquent loans rather than let them spot the bank's records. A stickler for liquid assets, he astounded U. S. Treasury officials by turning in $350,000 in gold when the New Deal forsook the gold standard. Like the elder J. P. Morgan...
...Ordered masters of vessels to lock up all cameras while passing through the Panama Canal; entertained as overnight guests Dr. Rafael A. Calderon Guardia, President-elect of Costa Rica, and his wife. Declared President-elect Guardia: the defense of the Canal is Costa Rica's vital interest, for which she is ready to take any measure...