Evening Star Newspaper, November 4, 1931, Page 7

THE EVENING STAR. WASHINGTON. D. €. WEDNESDAY, NOVEMBER 4, 1931 “Saw is not an accident that has made 1931 the most successful year for every divi- sion of the Cord Corporation. Recognition of the gravity of business conditions during the past two years is one thing. Doing something about it is another. Times of adversity always create oppor- tunities—for those who take advantage of them. ‘Managers and workmen of Cord companies have taken advantage of these opportunities. They have been too busy “sawin’ wood”” to join the calamity chorus. We never have believed the country was going to the dogs. Our greatest national economic asset remains unchanged — the will to prosper of the American people! The needs of people do not vanish in < times of stress. They still must eat in order to live. Thegf still must be trans- ported in order to work. The only changes are in the requirements which individuals and companies must meet to cope with new conditions. Fundamentals are reverted to. Values are weighed more carefully. Dollars are spent only where their purchasing power has been increased. Such times as these test the mettle of men —and prove the worthiness of a business to serve the public. Permanency, not expediency, has governed our development programs, which have gone forward undeterred by the temporary ups and downs of business conditions. Divisions of The Cord Corporationt in’ Wood” In’ Each of these companies is a leader in its own field. Ezch contributes to the requirements of other divisions. In addition, several of them serve numerous outside companies. Ondcentralized management co-ordinates the activities of all—and speeds up the Job of getting things done. In 1931 the divisions of the Cord Corpora- tion sold more units and made more profits than in any previous year. Combined gross sales amounted to over fifty-six mil- lion dollars—anincrease of 60% over 19 30. To keep faith with its responsibility to the public, the nation, and to the more than 100,000 people whose livelihood depends upon it, the Cord Corporation is pushing its plans for continued growth on a greater scale than ever before. AUBURN AUTOMOBILE COMPANY . . . .. . Aubum, Indiana LYCOMING MANUFACTURING COMPANY . . Williamsport, Pa. DUESENBERG, INC. . . ... ... .. . . Indianapolis, Indiana STINSON AIRCRAFT CORPORATION ... . ; COLUMBIA AXLE COMPANY CENTRAL MANUFACTURING COMPANY . LIMOUSINE BODY COMPANY SPENCER HEATER COMPANY . W e e e e Wayne, Michigan Cleveland, Ohio Connersville, Indiana Kalamazoo, Michigan . Williamsport, Pennsylvania L. G. S. DEVICES CORPORATION . . . . . Indianapolis, Indiana C ENTU RY AIR LIN ES, INC. 7Zuminals; Detroit, Toledo, Cleveland, Chicago, South Bend, Bloomington, Springfield, St. Louis CENTU RY PAC]FIC AIR I4INES, LTD Terminals; Sacramento, San Francisco, Qakland, San Jose, Fresno, Bakersfield, Los Angeles, San Diego, El Centro, Phoenix CORD CO CHICAGO RPORATION