Being Bullish on America
"Buying Bonds is a great
deal" say our amiable
aliens. Brenda Hall,
our likable Limey and
our jovial Japanese,
June Tsuruta are smiling
proof that U.S. Savings
Bonds are a good
investment. Do they knov/
more about the value of
the American dollar
than you?
It’s a great idea, believing in your country. And
one that a lot of people have adopted as an advertising
campaign base lately. Even the best seller list is show
ing signs of patriotism.
America, Inc. is a current best-selling non-fiction
book. But America, Inc. might just as easily be a stock
exchange symbol listing for U.S. Savings Bonds. When
you buy Bonds you are literally buying shares of stock
in the United States and it is a much less complicated
kind of investment. Rather than paying a stockbroker
you need only sign a card for payroll deduction to buy
Bonds. And when the time comes to convert your
holdings to cash you know you will make money. You
know, or can easily figure out, how much. There is
no paying a broker a percentage of youi- profits then
either; and there is no way to take a loss when cashing
in Bonds.
Series E Bonds are accrual-type registei’ed securi
ties, available in seven denominations starting at $25
(purchase price $18.75). They are completely safe,
protected against loss or theft, and backed by the full
faith and credit of the United States. They are also
liquid, E Bonds are redeemable at any time after two
months. To encourage longer holding, the Treasury
now offers an interest bonus of '/j % payable at matur
ity of five years, 10 months, making the rate of ma
turity a full 5'/^%. Bonds also carry an automatic 10-
year extension privilege. Interest is exempt from state
or local income tax, and federal tax may be declared
either annually or deferred until redemption.
Americans currently hold over $54 billion in Savings
Bonds. This is nearly one-fourth of the publicly held
portion of the federal debt, and constitutes its most
stable element. But inflation is running rampant in
this country. More Bond savers are urgently needed
to help counteract this inflation and stabilize our
economy. A sound economy and a strong dollar are
indispensable to our private enterprise system. Buying
Bonds is your best contribution to this end.
Our aliens ai’e helping, won’t you?
piEomoniTOB
VOL. XXIII, NO. 3
MARCH/APRIL, 1972
CAB Asked to Transfer National Route
Piedmont Airlines, along with National Air
lines, the City of Richmond, Virginia and the
Greater Richmond Chamber of Commerce, has
filed a petition with the Civil Aeronautics
Board requesting permission to assume the
suspended authority of National Airlines to
serve the Richmond-Washington-New York/
Newark route.
The request, filed April 14, asks that the
Board permanently delete Richmond from
National’s certificate and authorize Piedmont
to provide the service to New York which Rich
mond desires. National has not served the mar
ket since May, 1971 when the CAB allowed that
carrier a one year temporary suspension.
Piedmont anticipates increased annual rev
enues of $2 million when the service is approv
ed. The Company has also forecast the route
will benefit 75,000 passengers annually.
Piedmont, the carrier currently providing
more than half of the scheduled flights serv
ing the City of Richmond is the logical carrier
to provide this additional service. Richmond
is an important city in Piedmont’s route struc
ture, its substantial service to Richmond is
vital to the community’s commercial transporta
tion needs. The addition of the New York mar
ket will further improve Piedmont’s overall
service to Richmond by allowing the carrier
to provide improved service in other markets
as well.
In filing the petition the parties asked that
the Board utilize a show cause or other ex
pedited procedure in order to approve the mat
ter as quickly as possible.
In other route cases involving Piedmont the
Board has granted the Company’s request to
delete service to Pulaski/Blacksburg/Radford.
The last service to PSK was April 12. Similar
requests for the deletion of service to Elizabeth
City and Southern Pines have also been granted.
The effective date of the new certificate remov
ing ECG and SOP is June 20th.
The Board is processing the application
by Eastern and Piedmont to transfer to Pied
mont Eastern’s authority to serve Louisville-
Washington with intermediate points Charles
ton and Huntington. The Board issued a
show cause order in this case last October.
Objections were filed by the City of Louisville
and Ozark Airlines. Subsequently the Board
said it will use Subpart M procedures of its
Rules of Practice. These procedures are used for
expedited processing of local service carrier
route applications.
We're A Three-Time Winner
In Board's Complaint Report
Piedmont Airlines has, for the third time
in the past year, received fewer passenger com
plaints than any other carrier in the continental
United States.
The Office of Consumer Affairs of the Civil
Aeronautics Board reports monthly on the num
ber of complaints per 100,000 passengers for
the twenty-six U. S. airlines. In February, 1972
Piedmont had the lowest rate with .82. The
next lowest rate was Delta Air Lines with .84.
In December and March of last year Pied
mont also led the industry in happy passengers.
Young Receives FAA Safety Award
A veteran 30 year employee of Piedmont
Aviation, Inc. has been awarded the 1971 Avia
tion Mechanic Safety Award for the state of
North Carolina by the Federal Aviation Ad
ministration.
Norris H. Young, superintendent of the Air
craft Service Shop — Fixed Base Division was
given the award by President Davis on behalf
of the FAA at luncheon ceremonies in Winston-
Salem.
The annual award is given in regconition
of outstanding contribution to air safety
through consistent demonstration of a high
level of professionalism in the field. In addition
to the FAA certificate Young was also recogniz
ed by the State of North Carolina, the Champ
ion Spark Plug Company and the Piper Air
craft Corporation.
A number of invited guests were on hand for
the luncheon, including W. B. Pilker, Regional
Inspectator for the FAA and Robert N. Flour
noy, Chairman of the North Carolina Aviation
Advisory Committee. Others were long time
customers and employees who’ve worked with
Young.
Young joined Piedmont in 1942 and will re
tire next month. Mrs. Young, who was also
at the luncheon, is the former Elsie Motsinger.
They are both natives of Forsyth County, North
Carolina.
President Davis Shares Norris Young's
Pleasure at Award's Luncheon.