Everyone knew that the year 1930 would prove a sorry one for U. S. civil aviation. Clarence Marshall Young, Assistant Secretary of Commerce, forecast it "the worst that commercial aeronautics has ever experienced." But he added gratefully, "the gold paint has at last been erased" (TIME, Aug. 18). Last week the first official proofs of his statement were given out by the Department of Commerce in a preliminary report of 1930 production. From the 1929 overproduction of 5,357 civil aircraft, the 1930 output fell to less than half—2,514. Military planes, practically all...
To continue reading:
or
Log-In