Word: motoring
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Dates: during 1920-1929
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...knowing men last week tangled assertions as to what might be safe speeds for motor cars to operate...
...their points of view; could only deplore that of the 96,000 U. S. deaths by accident last year, 24,000 were due to accidents in homes, 24,000 in industries, 20,000 in public places other than on streets and highways, and the largest number, 27,500, by motor vehicles; could try to forestall their duplication...
Edward Anderson ("Eddie") Stinson. flyer and plane manufacturer, and Errett Lobban ("E. L.") Cord, motor car manufacturer, celebrated their 35th birthdays nine days apart last July. Both have achieved large business success in their fields. But last week Mr. Stinson acknowledged Mr. Cord to be the greater executive. He did that by recommending that stockholders in his Stinson Aircraft Corp. sell out to the Cord Corp., by stating explicitly: "E. L. Cord has been one of the outstanding figures in the automotive industry during the past five years. ... He now intends to enter the aviation field in his usual forceful...
...made Auburn show a yearly increasing profit, and, even more momentously, sent its stock from a low of $31.75 in 1925 to a high of $514 this year.† Since then he has been buying parts manufacturers - Lycoming Manufacturing Co. (automobile and aviation engines), Columbia Axle Co., Duesenberg Inc. (motor cars, submarine and speedboat motors), Limousine Body Co., Central Manufacturing Co. (bodies) - and now the Stinson Aircraft Corp. There have been no direct mergers of these enterprises, but a consolidation of their activities as subsidiaries to the Cord Corp., $29,000,000 holding company which Mr. Cord created last summer...
...White Motor Co. is located at Cleveland, its products sell from $1,545 to $8,000. The headquarters of the Coca-Cola Co. are in Atlanta, Ga., its products sell from 5? to 10?. Yet these two $50,000,000 companies have long had something in common and last week that bond was strengthened...