Word: organizedâ
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President Robert E. M. Cowie of the American Railway Express Co. last week announced the fulfillment of the promise that he made two years ago when the Federal air mail service was organized???that his company would accept the services of the first reliable company equipped to handle express by air. On Sept. 1, the American Railway Express Co. will start shipping packages on a 32½ -hour air express schedule between Manhattan and San Francisco. Intermediate stops for delivery and receipt of goods have been set for Cleveland, Chicago, Iowa City, Des Moines, Omaha, North Platte (Neb.), Cheyenne, Salt Lake...
...that the Secretary of War is to lease the plant for 50 years to a private enterprise, on these conditions and on others concerning the disposal of surplus power, etc.; 5) that if the plant has not been leased by July 1, 1925, a Government corporation is to be organized???its stock to belong to the U. S., its bonds (at 5% and not exceeding $50,00,000 in total) to be sold to the public, all profits after deductions for improvements, payment of interest, reserve, etc., to go to the U. S. Treasury...
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