Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-09
A|RPLANE INDUSTRY
PROMOTED BY u. S.
Government Uses $780,.
100000 Annually in Devel-
oping Science of Flying.
BY JOHN r. SINCLAIR.

Special Dispatch to The Star.
NEW YORK, May 9.-With the lead
ing airplane pilots and financiers at
tending the Airplane Show in New York
this week. and with the sky humming
with life. the citizens of the big town
are getting plenty of head-and-neck
exercise.
Postmaster General Brown. in attend
ance at the show, says that of the
$19,000000 appropriated this year for
airplane mail pay, probably not more
than 100000 will be returned in air
mail postage. To what is this loss OF
Sl2,000,000 to be charged? This Gov.
eminent official answers: Research"
THE Government is making an an
nual investment of about $50 900 900, os-
tensibly to aid the aeronautical indus
try, but fundamentally to expand ma
tional prosperity and to insure national
security" says the Postmaster General,
and then he adds:
The Governments ultimate objective
is TO develop a Nationwide network of
passenger and express airlines, upon
which the transportation of the mails
will perhaps be only an incidental
operation
The expenditure of $50 10000 year
is not much If 1t results in the creation
of new major industry in the United
States.
One airplane enthusiast predicts a
million airplanes will fly the sky lanes
by 1910. Too many? l should say the
guess was too modest. Does 1000 900
airplanes look like an impossible number
then?
Perhaps it does noW-in 10 years we
may smile at our modest hopes.
When Secretary of Agriculture Hyde
apportioned the additional S50,000,000
recently authorized by Congress for
Federal aid highway building in the
next fiscal year he precipitated new
and vigorous expansion of road con-
struction in the United States
Texas leads in the Federal apportion-
ment with S7,576000 New York is sec
ond, with $6.oo9,OoO; PENNSYLVANIA
third, with S5,524,00o, and Illinois
fourth, with $5,l67,000.
Other States which will receive So
100000 or more from the Federal Gov
eminent for the same purpose during
the next fiscal year are Wisconsin, Min
nesota, Michigan, Kansas, Iowa, In
diana, Georgia and Ohio.
Billions of dollars have beer spent
since 1920 on roads in the United
States-more than has been spent on
all of the roads of Europe in the last so
years-yet still more billions will be
spent in the next 10 years.
According to the United States De-
partment of Commerce, the world has
6,582,000 miles of road of all kinds, of
which 3,574,000 are in the United States.
Paul Block, newspaper man, after
giving 500, 900 recently to Yale Univer-
sity for a survey in the field of journal
ism, made the statement that the news
paper, from the standpoint of useful re-
search and education, has only begun
its work.
THE courses in journalism are not
intended to be a school of journalism"
said Mr.. Block. They are intended
rather to spread an understanding of
the place the newspaper occupies in our
social structure and how all of its de-
partments function"
Mr.. Block hopes to show the young
leaders of tomorrow how newspapers
cover spot" news and points out "the
important problems in local, national
and international fields"
AS foundation for these activities
he particularly emphasizes the import
ance and the necessity of free press.
AS A. p. Giannini, the financial giant
on the Western coast, retireS from bust
ness at the age of so, the figure of
James A. Bacigalupi comes into view.
In addition to being chairman of the
advisory committee of the Transameri-
can Corporation as we'll as its general
counsel, Mr.. Bacigalupi now succeeds
"a. p" as president of the Bank of
Italy.
Mr.. Bacigalupi is young and bril-
liant speaker. This week he made the
argument for branch banking before
the House committee on banking and
currency.
While not taking issue with those
who favor group banking. he gave his
reasons for believing that branch
banking without any territorial limita-
tons is coming.
He predicted that branch banking
systems, with head Offices in the larger
American cities, will be the first step
and world banking the next.
This privilege of worldwide branch
banking is now possessed by all the
leading foreign banks and has been of
great value to them in building UP and
holding their foreign trade" he said.
This native son of California plead
for more vision in the banking field by
those who are inclined to criticize and
condemn the new banking.
(Copyrisht, 1880, By North American News