Word: ludingtons
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LOUISE B. LEMON Ludington, Mich...
...NICHOLAS LUDINGTON...
JUST RECEIVED COPY OF MY BROTHERS WIRE TO YOU REGARDING ARTICLE ON LUDINGTON AIR LINES IN FEBRUARY TWENTY SEVENTH ISSUE...
...LUDINGTON...
...reporting the sale of Ludington Air Lines (New York-Philadelphia-Washington), to Eastern Air Transport for $250.000, TIME said: "Ludington set a new low for fares, a new high for economy of operation," added that Ludington had performed a feat unusual for an air transport line by managing to profit without an airmail subsidy the first year of its operation (1930-31). TIME erred in reporting that Ludington's $1,000,000 capitalization had been fully subscribed by the Brothers Ludington...