Aeronautics: I. Ae. S.'s Second

Rich and famed is Charles Lanier Lawrance. designer of the Wright Whirlwind engine, onetime vice president of Curtiss-Wright Corp. One day last week big, amiable "Charley" Lawrance stood up on a rostrum of a bleak lecture hall at Manhattan's Columbia University. Gravely he drawled from a typewritten sheet: ". . . Cash on hand, $875.06. . . . Accounts receivable . . . 80¢. . . . Net worth. $6,077.76." Amid a patter of applause Mr. Lawrance sat down.

It was an extraordinary gathering that approved such a modest financial report. It...

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