Word: nat
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Dates: during 1930-1939
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Last week the Department of Commerce announced a visual beacon will be erected at Bellefonte, Pa., in the middle of dread "Hell's Stretch" (graveyard of many a mail ship), for tests by NAT pilots on the New York-Cleveland...
...victors were not unscarred by battle, for their determination to amass a controlling majority of NAT stock sent the price soaring. During the first quarter of this year, the price range was between 11 and 25¾. United paid as high as 30 to gain its end. Finally they were forced to give one share of United for three of NAT. (United's original offer was one-for-three-and-one-half...
What United Bought. NAT system consists...
Significance. United acquires NAT'S contract airmail routes between New York, Chicago and Dallas. Joined with its own Boeing lines, operating between Chicago and San Francisco, United now controls a complete (and unique) transcontinental system, and the largest total system in the U. S. passenger service is soon to be inaugurated on the New York-Chicago division...
Under the terms of the McNary-Watres Airmail Bill passed by the House last fortnight (TIME, April 28) and by the Senate last week, NAT'S mail contracts which would expire May 5 may be extended another six years without the Postmaster General's calling for other bids. However, with its plentiful passenger equipment (Transcontinental Air Transport) and strategically located airports (Curtiss-Wright Airports Corp.), the Curtiss-Key group may yet challenge Mr. Rentschler's bold claim that "the air between the coasts is not big enough to be divided...