Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1943-10-15

relatively new and clean. They mn
peal greatly To- the aesthetic sons.
ne efficiency and The coIu.,csv -,
an ranks ui employees. even v,b,r
''pnrIuS with the diiliCullIr, of yv.,r-
'Iiiit operations. Is impressive. As =
3 result pl Inc wIr. hundreds of jh,,ts-
| a'ldS OF men and women have been
introduced Ia air transport. Thriy
enthusiasm Ion this entire industry
%Isl lii its chllolhuod- casts an,
"Nr;;n$I"n which viii make the u;,,,
'H' q i;II:uHd:ng hook sick.
manufacturing vs.. Transport
Companies.
!i'tu iit!C!i .at!'cg uwn the stocks
I 81 Ia" atr transport companies than
| 'i'':'' "l Inc companies which mann.
| lavltirI ;tlrpl:Inr,,. The basic r,.ns,n
'"f lii@ - thai he air Ii.rilSIr,.t conn
p'niIrS arc primarily distributors and
/ "l"fch"huiSrr$ 81 u highly efficient
b ana convenient iuInl of lr:uSurrtu-
non. They are much like the CHAIN
. "'"r". on which | am alSl juili,h. IN
ihi'l thrT hay" no problems. rnuC,lr,-
. my liNcu charges. production c,,n-
'i""" 81 labor. The an ir!u-uuli
companies viii be carrying p:IS.uu-
! hp& and freight regardless OF IN,
| ups and downs Ul the :iil'plnnr ni.uu-
lHC'"!!n% companies.
vi course. WurI; will not sion
;D!uipliT al the end ui the VA. in iE,.
/ case "I ihC manufacturing cumDIn-
, les. Larger and tUu2hr. bUm.bin.
: Pi"il"' ana taste: pursuit and flight
| ph"il|" Viii continue 10 be built
! mere VIII also Dc some rCCunVcrtins
""fk III changing over present bonn
Dc'S II freight and paSScngC" pIanc>
mere mas not yet been any canccila-
, lIun I'll plane contracts such as we
nave seen IN the machine tool indus
/ Try. Bat these are bound Ia come
Ultimately. although an attempt will
/ DC made 10 employ AZ many people
| III the manufacturing companies as
/ possible. Taxes are also a much
| greater handicap In these concerns
/ ,h"n 10 The air transport companies.
! On the other hand. the low nlarke,
! p!Icc "t these manufacturing COM
! panE stocks may have discouraged,
. mach OF this grief.
/ Growth Possibilities.
Passengers desiring TO use COM
/ mcrclal air lines greatly now exceed
! present capacity. If it were not tor
, lack of equipment, passenger all.
! mileage would nUw be at least dnu-
BILE That ri = year ago On many lines
! express and air mail puundasc has
! doubled: but while the war lasts not
! much growth can be expected in pas
/ S"n2e! service. However. with the
War nd off. | expect Ia see planes
/ still booked To capacity even thong!
/ NOR" equipment will then be avail
. ID Iii L..
| cvc". as we'll as pilots and operating
! personnel. viii bc plentiful. The
| availability al these should help up-
Grating costs even though taxes re-
! main heavy.
The air lines have. perhaps, the
! most progressive Arrangements of
any industry. They are learning
. much from wartime transportation
! problems. incidentally. they are con-
| t"ibutinG much To- the successful con-
| duet OF the war. OF the future posi-
ton III world transport of our air
lines. there can be no doubt. That is
Witnessed by the Inauguration of
daily ti'anSCOntincntal all cargo
i flights. and by the APPLICATIONS on file
ior transatlantic routes In cX-
! chang" for lcnd-lcaSc and other All
lied aid. Ne may ultimately secure
l permanent air baScS in the West
Indies. the Pacific and elsewhere.
| DHci!Sibly these Will be for our de-
tense. but actually they will he used
Tor commercial purposes on rental
basis by u,w air lines.
Economic Advantages.
i he history OF transportation
shows that from It's earliest stages
som" "rOabcd" had to be provdcC
Tor besides equipment. For example
bargcS require that canals he dug
lHiliOadS require rOadbcdS anC
bridges: while automobiles rcuuir,
fine highways. For air travel nC
such expensive OUTLAWS are ucccS.
sHly. The construction of airport.
and terminals. aside from equipment
iS> the only use" expense to which
air lines arc put. Usually they bcal
"nly u portion of this cost. Certainly
after the war. they will secure The
use of many fields and terminal fac
IliticS without much expense involv.
I'd.
The airpianC has already given II.
greater speed than any mode o.
d transportation that preceded il. II l.
orr most efficient unit of travel: ye
IFS perfection is still in It's infancy
Certainly IN The near future. the con
VCnicnce. safety. comfort and flcXi
bility of air transport will improve
n greatly. The fact that planes move II
the free medium OF the air is a basit
economic advantage not often con
Sidcrcd. Ny bet is that air transpOr
will expand far more rapidly tina,
did the roadroads and the traction
and that this will be accomplished a
far less proportional expense. Whil
the transport stocks have had
steep market rise. there is it'll
question as to their basic soundncs
and future popularity. Events ar
very favorable for tho entire al
transport industry. | advise hanging
on 10 the stocks Of The four largcS
companies. provided one properly ti
vcrSitiCd and distributes his invest
mcnt among these four. These few
companies handle 81 percent of tn
air transport business. To get ST
milar large interest and proper I'll