To set up a transcontinental airmail and passenger line is costly, as T. A. T. and Western Air Express have learned. Moreover, operation of the transcontinental & western route has not proved profitable because it is not yet flown by night, hence does not receive a large share of transcontinental mail. For that reason, but principally because of the general difficulties that have beset most airlines, Western Air Express has run somewhat short of funds. Last week it raised between $750,000 and $1,000,000 by selling 50,000 shares of its stock to General...
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