Word: seaboards
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Dates: during 1950-1959
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...Crown and two other big stockholders refused to sell, so Young offered to sell his holdings. But if Crown & Co. wanted the profitable Rock Island, they would also have to take Young's holdings in the Seaboard Air Line Railroad which was not doing too well. To save the deal, Crown took the Seaboard stock himself. Again he cashed in. Seaboard stock began to soar, and Crown more than doubled the $600,000 he paid for it. In addition, the $4,000,000 he put into Rock Island bonds has nearly tripled...
...stubby 45-foot ketch, the Miru, Davis, his wife, two sons, and two crewmen sailed 10,000 miles from Wellington, New Zealand, to Peru, through the Panama Canal, and along the eastern seaboard to Boston...
Brother Act. For Seaboard, vainly seeking a certificate since 1947, the victory was moral as well as financial. It came as a direct recommendation from President Truman, who is interested in building up transoceanic cargo carriers for use in case of war. To this influential voice, Seaboard itself added some strong arguments. CAB's own figures, said Seaboard, showed that Pan American and T.W.A. together had flown only nine scheduled all-cargo flights last year while foreign airlines took the big share of the U.S. air cargo business with 339 flights. Furthermore, the U.S. lines' share...
...Seaboard's fast climb has been piloted by two brothers: Raymond (35) and Arthur (38) Norden.* Born in New York, both learned to fly in the Navy, later served in the Army Transport Command, where they learned enough about cargo flying to be enthusiastic about its future. With $80,000 from relatives and friends, and $200,000 from banks, they started Seaboard in 1946 with two surplus C-54s. Quipped Art Norden: "If you have one plane, you're a pilot; if you have two, you're an airline." In 1947, Seaboard grossed $269,000, made...
Elephants Aloft. It soon earned a reputation for flying planes anywhere, anytime, carrying anything. Four days after the Russian blockade, Seaboard was asked by the Air Force to help in the Berlin airlift. Ten hours later, Seaboard's was the first airlift plane to reach Germany from the U.S. A week after Korea, Seaboard hit the unfamiliar Pacific airlift route from San Francisco to Tokyo. In its scramble for other cargoes, Seaboard has shuttled the Aga Khan's race horses across the Atlantic, flown German war brides to the U.S., elephants from Siam to New York. A Turkish...