Word: prescott
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...personnel-from the legendary Flying Tigers, volunteer American pilots who flew for China early in World War II. Disbanded as a unit 25 years ago last week, most of the Tigers began ferrying supplies for the China National Aviation Corp., an enterprise that inspired one of them, Robert W. Prescott, to found his own U.S. cargo line...
Elsie & Trigger. It was a good idea, but it also occurred to some 2,700 other postwar entrepreneurs-mostly returning servicemen who shared Prescott's ambition to start an airline. Undaunted by all the competition, most of which was soon to wither, Prescott sent his pilots barnstorming for business. The company hauled grapes from the West Coast to Georgia, took Elsie, the Borden Cow, from the East to a California county fair, even toted Roy Rogers' horse Trigger around the rodeo circuit. All the while, the hustling Prescott ("We would wash cars on Sunday morning...
...With Prescott, now 54, still its president, Flying Tiger expects this year's revenue to reach a record $100 million. Nonetheless, the company's fortunes remain creased with uncertainty. For one thing, the fact that air cargo is much higher-priced than surface freight leaves it vulnerable to more severe effects of economic slowdowns. Making the business even more unpredictable is the heavy dependence on Government contracts. Flying Tiger's first big business came when it landed a six-month Government contract for hauls to Ja pan in 1946; later it profited in a major way from...
Avocation & Vocation. Prescott is brash and flamboyant, the towering (6 ft. 6 in.) Hoffman cool and brilliant. Born in Chicago, Hoffman graduated with Phi Beta Kappa honors from the University of Illinois in 1943, returned to get a law degree after serving as an army captain in Europe (two Purple Hearts and a Silver Star) in World War II. He joined New York Central in 1952, quickly moved up the ranks to become executive vice president in 1962. At Flying Tiger, it won't hurt that he is a licensed pilot who flies his own twin-engined Aero Commander...
...Prescott's conclusion: phenacetin alone is not the primary villain in analgesic kidney damage. Back in his native Britain, he found that some of the supposedly phlegmatic Scots of the Grampian Hills were taking analgesic powders and tablets in overdoses that ran as high as ten tablets a day for 14 years. In a two-year period, 36 patients appeared at Aberdeen Royal Infirmary with kidney disease and "a history of long-continued and excessive intake of analgesics." Besides their kidney damage, 30 of the patients were suffering from anemia, six had peptic ulcers and twelve had suffered gastrointestinal...