Foresighted air transport operators regard the express business as their ace-in-the-hole. Passenger business is rarely profitable to any long-distance carrier. Airmail subsidies are subject to politics. Airmail loads vary inversely as the postage rates (they are off 30% since the airmail stamp was upped to 8ยข). But air express has been zooming, will climb this year to 1,000,000 lb., 66% higher than last year.
Into the game last week stepped a new player who, instead of saving up the express ace, played it as his first and only card. He was Philip Henry...
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