Word: richter
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Twelve years ago burly Pilot Jack Frye and chunky Pilot Paul Richter started an airline between Los Angeles and Tucson. Today Frye is president, Richter vice president of Transcontinental & Western Air, Inc., one of the nation's big four domestic airlines. As pilot of this big business, 35-year-old Jack Frye no longer has time to try for the transcontinental record he once held, but he still spends many an hour in the cockpit. Says he: "It's the best way I know of to clear the cobwebs from the brain...
...made $205,000 and its stockclimbed to $27.50. But in 1937 T.W.A. lost $959,000, in 1938 $773,000. Its stock dropped to $4, was last week at $8 when Lehman Bros, announced with an audible sigh of relief that it had sold out to Jack Frye and Paul Richter...
Last week Jack Frye and Paul Richter said they had big plans for expansion. But Wall Street and the world of aviation was more interested in how two up-from-the-ranks pilots financed the purchase of the 70,000 shares Lehman Bros, sold them. Jack Frye refused to tell. Rumors dwelt on Millionaire Howard Hughes and Cinema Agent Leland Hayward, who last month became a T. W. A. director...
Showing his usual god brand of wrestling, Bill Daughaday won from his man, Lowry Stephenson with another decision. Ted Schoenberg, t 136, lost his stride once more as he broke his winning streak to lose to Norman Bond on a decision, and Al Richter lost on a decision...
...Schoenberg in the 128-pound class showed his real ability Saturday as he decisively defeated Harry Zaret in the second match of the afternoon. He was followed by Al Richter at 136, who was outwrestled by Jim Frost of Columbia...