Word: pattersons
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...Patterson thinks that events are proving him right. All three of the lines-American, T.W.A. and Pan Am-to date have lost money on their transatlantic routes, at a time when they had the field virtually to themselves...
...foreign competition is increasing, much faster than anticipated. In the first half of 1946, U.S.-flag lines were carrying 96% of transatlantic traffic. By last week, although overall traffic was up after the bad winter, the percentage was down to 79%. U.S. lines, Patterson felt, could not compete among themselves and with government-backed foreign lines as well. To lick this foreign type of monopoly, he would set up U.S. monopolies...
...would set up two Chosen Instrument corporations or community companies owned, and run, by all U.S. airlines. One Chosen Instrument would run the U.S.-flag line in the Atlantic; the other would operate it in the Pacific. (Latin America would be left as is, with the present regulated competition.) Patterson thinks that the stultifying evils of monopoly could be avoided by using each instrument as an efficiency check on the other...
This scheme still has a horrid ring to free-enterprising airmen. But some of those who had been fighting the Chosen Instrument a few years ago have privately come around to Patterson's and Trippe's way of thinking. There have not been enough converts to cause a significant shift in thinking about U.S. air policy. But Pat Patterson is sure that the U.S. will soon have to face the hard fact that, in an international air world peopled by monopolistic Chosen Instruments, the U.S. will have to use the same kind of weapon...
Most Faithful Friend. In Baltimore, the National Safety Council reported, a dog belonging to Ruth Patterson spied a pistol on a washstand, put his paw on it, shot his mistress in the hand as she relaxed in the bathtub...