At 10 a.m., Oct. 7, 1929, the Miami-Biltmore Hotel in Miami was sold at auction. One Alfred J. Richey, Manhattan real estate dealer, wished to attend the sale. He contracted to pay $650 for airplane transport from Roosevelt Field, L.I. to Miami. The plane landed at Jacksonville and Alfred J. Richey reached Miami by train five hours late. He thereupon stopped payment on a $500 check which he had given Roosevelt Flying Corp.
Roosevelt Field, Inc. sued him. He filed a countersuit for the $900,000 which he claimed to have lost by not reaching the...
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