Aeronautics: $+G4748073.61

To Charles Townsend Ludington, socialite of Philadelphia, $8,000 might be the price of a small cabin cruiser such as he sails on Biscayne Bay. For his young brother Nicholas ("Nikko") Saltus Ludington it might buy a few new mounts for his large stable of hunters. For either brother, it would be hardly more than pin money. But the $8,073.61 profit which showed on a balance sheet upon Brother Townsend's desk last week was as exciting to him as a great fortune. It was the first year's net earning of Ludington Line, plane-per-hour...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!