New Britain herald., 1929-05-14
CONNECTICUT AND AIRCRAFT
INDUSTRY


 "Naugatuck aircraft firm offered million to sell minority stock inter- est"
 Huge airplane works plan for East Hartford"
 Opportunities available to New England business in the aerona utical trades"
 If anyone supposes that tho air. craft industry is standing still they need only to let the foregoing titles tickle their intellect. The aircraft in- dustry is progressing rapidly. It haa reached the big business class. And l Connecticut has better opportunity to profit thereby than most states.
 The sums of money being banded about in stories of aircraft purchasea and so forth do not run into small figures. Indeed. everything in con- nection with this newest of indus tries runs into six and more figures Consider, for instance. the Nauga. tuck deal:
 Sale of the minority interest in the Kimban Aircraft Corpor- ation at a price of $1,00o,0o0
 may follow preliminary nego- ! tiations." etc.
 The fortunes that are reputed te have been made in aircraft stocks re. gently prove conclusively that efforti to advance the science of aviation are practical as we'll as idealistic Governor Trumbull. leading man in the aviation business in this state doubtless understands that perfect. ly, and if he has shared in the gen. eral prosperity incident to the ad. ] vancement of the industry we will give him credit for having possessed that keen foresight which sometimea can be translated into money. Rarely has there been such a sen- i sational advance as that which came to the United Aircraft and Trans port Corporation, which owns the entire capital stock of the Boeins Airplane Co.,, and about 73 per cen, each of the Pratt & Whitney Air. craft Co. and the Hamilton Aero Manufacturing O.. and has interests in other aircraft concerns. Incident. ally more than s3,00o,o0o of the profits in United Aircraft goes to the stockholders of the Niles Bemsnt- Pond Co. who are said by financial writers ito have received their shared as 8 gift when it was merged with the other, or when there was an ex- change of stock.
 To be sure, the numbr of men sharing this prosperity is compara. lively small. But these are reputed {, from the way the stock has advanc. ed. to have made profits of S1ls,. , 900, 900 within the last month. Back. ed by the National City Bank and it, associates, this wing of the aircraf industry is discounting future de- velopments in amazing fashion. Cor don s. Rentschler. formerly o Hamilton, O., and now president o the National City Bank. was one 0 the country's first air-minded men and his brother, Frederick B. Rent schler. president of the United. is an other.
 The airplane industry is develop ing pretty much as the railroad were developed in their young days And it must not be overlooked tha in the early days of railroading required just as much courage to be come financially interested as took several years ago to back tn airplane industry with dollars. Near ly every week at present one read of new air lines being stablished d indeed. such development has be come so common that it attract much less attention than formerl, But unlike the history of railroa development, financial interest in tn aircraft business is not . popula pastime. Finances for the aircrai industry from the first have com from a fairly restricted clientele ( enthusiasts; as yet there has been n frenzy by the public 10 jump o the financial planes. Some day ths
 may change. but we doubt it. The ir
 dustry already is within a compars lively few hands.