Evening star., 1934-02-19
L|NDbERGH Places
PROFIT AT S1S7,S38|
Statement Says Proceeds
Derived From Stock and
Warrants.
By the Associated Press.

By the Associated Press.
NEW YORK, February l9-Col.
Charles A. Lindbergh issued state
ment last night saying his total prof
its from stock and warrants" in three
aviation companies. exclusive Of re-
investments in them, have been
s187,83855"
The companies, for which he is
technical adviser, are Pan-American
Airways. whose mail contracts have
not been cancelled; Transcontinental
& Western Air, which did lose its con-
tracts, and its predecessor, Transcon-
tinental Air Transport.
The statement declared that in an
swer to a QUESTIONABLE which the Sen
ate Airmail Investigating Committee
recently sent to aviation figures, Col.
I.indbergh stated he has never re-
ceived gift of stock, stock options
or warrants
II was reported from Washington
yesterday that an investigation into
the Pan-American Airways Co., to
follow the examination of former Post
master General Walter F. Brown,
would encompass an inquiry into stock
stood the company to have granted.
Col. Lindbergh said that the stock
and options he received from Pan
American and T. A. T. were 'in ac-
cordance with his employment con-
tract"
Text Of Statement.
No further breakdown of the S187,-
1885 figure of the colonel's profits
exclusive of reinveStments was avail
able beyond that contained in the
statement, which follows in full:
The following is a summary of
Col. Lindbergh'S financial interest In
Pan-American Airways, Transconti-
mental g. Western Air, and its pred
ecessor, Transcontinental Air Trans
port.
col. Lindbergh's total profits from
stock and warrants In these COM
panies, exclusive Of reinvestment in
those stocks since then. have been
S1s7s38.55. as set forth below.
THESE figures do not include any
as purchase of airplanes, equipment,
y
flights, and many other items over
q period Of six years.
"Pan-Anerican Airways:
In accordance with his employ
n1ent contract, executed in January,
1929. Col. Lindbergh received war;
rants to purchase stock in the COM
pany. The total profit of the sale of
these warrants was S150.88480. all of
which, together with several thousand
dollars additional he has reinvested
in stock of the company, all of which
stock he now holds.
Col Lindberg's salary from Pam
American Airways is $4,000 year
"Transcontinental & Western Air:
Col Lindbergh received a salary
Of s7,19445 in 1881. and $4,000 in
1882 and 1888 from Transcontinental
& Western Air.
"Transcontinental Air Transport
predecessor to Transcontinental and
Western Air):
In accordance with the terms Of his
employment contract executed in MAY.
1923. Col Lindbergh received $3.50, 900
In cash and an option to purchase
stock in the company. He reinvested
all of the S250,000 in company stock
His total profits from the sale Of his
stock in the company have been
s195, 5,633.75.
Had Loss of S554.15.
"Col. Lindbergh received salary
from Transcontinental Air Transport
Of $4,000 a year in 1881 when its
operations were taken over by Trans
continental & Western Air
"Col Lindbergh has had no other
investments in aviation companies
since 1880. Up to that time he had
had total loss of s554.75 from in
vestments in other aviation companies.
He received salary of $4,000 a year
as technical adviser to the Pennsyl-
vanla Railroad for three years.
Since 1881 he has received a SAL
ary of 81 year.
"All Of these facts are clearly set
forth in detail in Col. Lindbergh's s
answer to the QUESTIONABLE of the
United States Senate Special Gem
mittee to investigate foreign and do
mestic, ocean, and air mail contracts. >
This answer was mailed to the chair
man on January 10. In the reply
to this QUESTIONABLE. at the request
OF the committee, he detailed all of
his financial transactions in aviation
since the year 1924. Col. Lindbergh
has never received a gift of stock,
from options or warrants, and clearly
states so in answer to paragraph 4
Of the questionnaire.
In his letter of transmittal Col.
Iindbergh offered to send anv addi-
tional information requested. On
January IL he sent the chairman a
wire offering to appear before the
committee"