Industry

Pennroad to control T. A. T.? In spite of denials by "higher-ups," last week's report was that the Pennroad Corp. has bought control of T. A. T.-Maddux Air Lines. Pennroad Corp. is a holding company of the Pennsylvania Railroad. The Pennsylvania Railroad cooperates with T. A. T.-Maddux in the U. S.'s most famed air-rail system. The elevation of Daniel Schaeffer, Pennsy vice-president in charge of traffic, from director to chairman of the executive committee of T. A. T.-Maddux, the election of J. L. Maddux to the company's presidency, the retirement of six T. A. T.-Maddux officials (TIME, Feb. 10), last week's reported Pennroad control--all point to an executive policy of greater economy, smoother, safer operation.

Aviation Corp. hired a railroad man, James Franklin Hamilton, onetime president of New York State Railways to consolidate its transport companies into a new subsidiary (TIME, Dec. 30). Last week the new vehicle was given a name--American Airways, Inc. It controls the operations of Universal Aviation Corp., Colonial Airways Corp., Southern Air Transport, Interstate Airlines, Inc., Cuban Flying Service and Alaskan Airways, Inc.

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