Business: Martin's Lead

Glenn Luther Martin looks like a Y. M. C. A. secretary and makes some of the world's most efficient bombers. In the first nine months this year, his company sold nearly $12,000,000 worth of airplanes and equipment, netting $2,000,000. But his stockholders have never drawn a dividend, all profits having been ploughed back into the company for plant expansion.

Last week, with a $14,000,000 backlog of unfilled orders and enough new contracts in sight to keep his plant running full blast through 1940, Glenn Martin decided he needed more money for working capital and...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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