Word: stinson
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Dates: during 1930-1939
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...which is a substantial Avco stockholder. He could not deny Mr. Cord's statement last week that Avco had lost money since its birth,* but he did say that the fight with Mr. Cord had been brewing for months because of Cord's efforts to "jam Stinson planes down the company's throats." Cord builds Stinsons and the Lycoming engines that pull them. Old guard Avco men said that Cord was a poor transport man, that his Century Lines lost money, that he would cut pilots' pay below the minimum of safety and efficiency...
...Gosh." Clyde Allen Lee, 24, a lank youth of Oshkosh, Wis., solicited a few hundred dollars from local merchants to help him fly his Stinson monoplane, with Oshkosh B'Gosh painted on its fuselage, nonstop to Oslo, Norway. The scheme fell through. Pilot Lee flew east, got natives of Montpelier and Barre, Vt., to pay to have Oshkosh B'Gosh erased and Green Mountain Boy painted instead. He picked up a mechanic named John Bochkon, a towheaded Norwegian who used to be known as "The Swede" when he was a night watchman at Curtiss-Wright Airport...
Among other big air transport operators the name of smart Errett Lobban Cord has been anything but hallowed. He established Century and Century Pacific Lines parallel to "pioneer" services. Equipping his lines with his own cheaply operated Stinson tri-motors, he forced fares down. In his efforts to get airmail contracts he persuaded many a Congressman that the Government pays too much money to have its mail flown. In no quarter was he less popular than with American Airways (operating subsidiary of Aviation Corp.) which went before the Arizona Corporation Commission to thwart his competition in the Southwest (TIME, March...
According to Avco, the company is paying Mr. Cord no cash and "less than 140,000 shares of stock" ($2¾ per share last week). Avco receives about 30 Stinson planes (all tri-motors except three or four) which have been flying between St. Louis, Chicago, Detroit, Toledo and Cleveland; between El Paso and Los Angeles; and between Sacramento, San Francisco, Los Angeles and San Diego. Also it receives Century's new hangar and shop at Chicago Municipal Airport, valued...
...mileage acquired: 553. By accepting an Avco directorship, Motormaker Cord agrees not to engage in other air transport operations for two years. But he sees his position as a manufacturer materially strengthened. Although Avco denied that it was bound in any way to buy more transports from Cord's Stinson factory, Mr. Cord was confident that airmail contractors as a class would be willing to buy from him, now that he is no longer the industry...