Aeronautics: Cord at the Stick

Errett Lobban Cord, automobile salesman, decided in 1924 that he wanted to be a manufacturer. Within a year he was president of Auburn Automobile Co.; within another few months he had 70% of its stock. In the next few years he wriggled, pushed, fought his way to a commanding position in the motor industry.

It was in January 1931 that Mr. Cord entered the air transport business with the announced ambition of heading "the largest passenger and express unit in the world." His first move was the creation of Century Air Lines, providing an...

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