Aviation: Boeing at 50

In 1916, Timberman William Edward Boeing, then 34 and already a venturesome millionaire with a yen to get into the aircraft-building industry, founded the corporation that still carries his name. The original capitalization for today's Boeing Co. was $100,000, and the first factory facility was an all-but-abandoned Seattle boatyard.

There, Boeing first built a 3,200-lb., 125-h.p., 78-m.p.h. wood and linen seaplane. In the years thereafter, Boeing made a land-based biplane that was the U.S.'s first efficient airmail carrier; it helped him to win the profitable San Francisco-Chicago route. Boeing's Monomail 200 in 1930 was the first plane...

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