Word: transporter
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Dates: during 1930-1939
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...York there are 730 mi. of subways, 137 mi. of elevated. They transport nearly 2,000,000,000 people annually at 50 a ride and are continually in financial, legal or political wrangles which practically nobody comprehends. But one thing is clear: the El, with fresh air and plenty of scats but less convenient, loses money...
...explosion was touched off by Avco's quiet negotiations to acquire the assets of another big holding company, North American Aviation Inc. To pay for the property, Avco was to issue nearly 2,000,000 new shares of stock. Chief among North American's assets is a transport system covering the Atlantic seaboard below New York, joining Avco's transcontinental line at Atlanta and meeting its Boston-Montreal sector at Newark. Integrated, the network would blanket the East and South. But whatever the merits of the deal, its effect would be the reduction of the Cord share...
...aviation what his late famed father was in railroading. At the outset the Aviation Corp. structure was loose. Its subsidiaries numbered 80, included unrelated small lines, charter services, schools, factories. (The list is now about 20.) The company grew to be not the titan that United Aircraft & Transport is but an extremely potent and coherent transport system holding ten of the 23 domestic airmail contracts. However the growing pains were acute. When Avco was six months old the 1929 crash occurred. Immediately afterward the company altered its investment policy, put much of its ample cash into other than aviation stocks...
...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. (He had labor troubles with the Century pilots.) Another complaint: Cord had studded the Avco ranks with spies, some of whom spread the word that the employes "had better play ball...
...ventilators have been abandoned in favor of mechanical ventilation. In addition to this practical application, it is also believed that the new investigations will lead to improvements in fans or blowers used in power plants and industrial processes, and the perfection of propellers used for marine and air transport...