Word: year
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Dates: during 1940-1949
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...walnut-paneled room in Washington, the Civil Aeronautics Board opened preliminary meetings last week to see if National Airlines, Inc. should be put out of business. The case for dismemberment was strong last year: hit by a ten months' strike and hurt by CAB's grounding of all DC-6s, National lost almost half its passenger traffic, turned in a $1,946,041 deficit in 1948. But last week, National's President George T. ("Ted") Baker was hardly acting like a man who expected to shut up shop. He announced that he would launch a new, luxury...
...settled, he has pulled his operating costs per revenue ton mile down to 36.44?, but according to CAB, they're still above Eastern. Although National wound up fiscal 1949 last June with a piddling $38,963 profit, it earned $866,000 in the last six months of that year, thanks partly to a big boost in mail pay over 1948. On the expectation of continued profits he is buying two new DC-6s and arranging for the lease of three more four-engined planes. When all are in service next year, National will have 14 four-engined aircraft...
National is still a long way from a happy landing. But Baker hopes that by the time CAB gets around to final hearings on dissolving National, probably not until next year, National's comeback will have made the question academic...
When Schulte turned in a $93,091 loss for the first six months of 1949, the directors eased President Louis Goldvogel up to chairman of the board and brought in 50-year-old H. Cornell Smith, onetime merchandising manager of Manhattan's Gimbel Bros, department store. Smith has tackled some big jobs in his time. As a World War II colonel on General Somervell's staff, he helped organize the billion-dollar Wartime Post Exchange system, and the Pacific supply centers for the never-launched invasion of Japan...
...Missouri primary; as chairman of the Democratic National Committee (1944-47). he led the fourth-term fight, persuaded F.D.R. to drop Henry Wallace as running mate and pressured the convention into picking Truman. Rewarded with the postmaster-generalship (1945), Hannegan i resigned his political jobs a year later to head a syndicate which bought the St. Louis Cardinals. He sold his interest last January for a reported...