Business & Finance: Airbaloney

Did somebody slip Mr. C. Bedall Monro, Pennsylvania-Central Airline president, a marijuana cigaret?

Two weeks ago Monro publicly and bitterly denounced his industry for making fantastic promises of postwar service. He called such boasts a "vision of the marijuana type." But by last week P.C.A. itself held top honors in the race among smaller U.S. airlines for sensational prophecy. In full-page newspaper advertisements P.C.A. announced that it had filed with the Civil Aeronautics Board an application for a transatlantic air route to Europe, using gigantic floating seadromes (cost, $10 million each; inventor, Edward R. Armstrong), spaced at 800-mile intervals as sea-based refueling...

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