AERONAUTICS: Sub-Merger

The Aviation Corporation, $40,000,000 holding company, announced last week the formation of a subsidiary corporation (name unannounced) to consolidate under one sub-president its transport activities, which constitute 30% of all scheduled air transportation in the land. To head the sub-merger Aviation Corp. chose an expert traffic man, James Franklin Hamilton, president of New York State Railways, Schenectady Railway and United Traction Co.

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