National Affairs: New Report

Postmaster General Harry Stewart New had to report that his branch of the Government, theoretically, selfsupporting, showed a deficit of 33 millions for 1928, an increase of $5,000,000. But he was not downhearted. Establishing and popularizing the Air Mail had been an extraordinary expense. Some day the Air Mail may more than pay for itself and, anyway, it is a valuable encouragement to U. S. aeronautics. Mr. New urged that similar encouragement be given the U. S. Merchant Marine by extending U. S. mail contracts to U. S. shippers.

Some Post Office Department statistics:...

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!