Show r AIRCRAFT DEALS j PROFITS SHOWN National City Bank Gain Cain D De- De dared Over Ovet- Five j Millions I K WASHINGTON Feb Feb- 1 WV-Prof WV Pro lP-Pro its of 0 made by bythe the National City Cily company from United Aircraft t and nd nd Transport financing from 1928 through rough 1930 were outlined d to the nalo enate mail Investigating l ng committee today by Joseph P. P Ripley an officer the investment concern t of RipleY now executive vice president president president the bank dent of f the City company e affiliates affiliate's successor formed in May 1933 said losses had resulted in United Unit Unit- ed d stock o operations since 1930 total going goto into the treasuries The Airplane company and f Boeing of United Aircraft from the financing accompanying their con consolidation was he e testified Meanwhile Postmaster General reiterated at a press conference confer confer- Farley that the department was studyIng study study- ence airmail contracts to de de- dete determine lag Ing existing whether any should be canceled can te termine ine disclosures in view of recent senate committee He Indicated indicated in In- before the might be reached within a a week 1 Boeing and United stocks were first offered d to selected lists Ripley fled I III was miles away in Seattle when the names were selected he said nid adding he thought they were compiled by H. H B. B Baker sales manager manager manager man man- ager of the company assisted by Charles Charles' E. E Mitchell then president of the National City bank The National City profits from the transaction by which Boeing Airplane Airplane Airplane Air Air- plane and Transport became United Aircraft amounted to nearly Ripley y said |