Word: ludingtons
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Dates: during 1930-1939
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...Brothers Ludington...
JUST READ ARTICLE ON LUDINGTON AIR LINES ISSUE FEBRUARY TWENTY SEVENTH STOP WISH YOUR FACTS HAD BEEN LOOKED UP OR VERIFIED BEFORE PRINTING STOP WHEN LINE WAS FORMED MY BROTHER AND MYSELF STATED WE WERE WILLING TO PUT IN ONE MILLION DOLLARS IF EVER NEEDED STOP YOUR ARTICLE GIVES DISTINCT IMPRESSION AIR LINE WAS FIASCO AND REFLECTS ON US AND AVIATION INDUSTRY STOP NO AMOUNT APPROACHING ONE HALF THIS SUM WAS EVER PUT INTO LINES AND IN FAIRNESS TO OUR MANAGEMENT EMPLOYEES AND THE AVIATION INDUSTRY IN GENERAL I WISH TO POINT OUT THAT THE DEPRECIATION OF OUR INVESTMENT...
...NICHOLAS LUDINGTON...
North American & G. M. A Ludington motive for selling out was fear that Pennsylvania Railroad might withdraw its support. Reason: Pennsylvania has an interest in Transcontinental Air Transport (air-&-rail) which, by a merger now pending, may become closely connected with...
...pending merger is far more momentous than the Ludington-E. A. T. deal. It involves North American Aviation, Inc. (holding company for E. A. T.) and General Aviation Corp., which is 40% owned by General Motors. Together, their total assets are $25,000,000. Their holdings are complex...