OCR Text |
Show A GOOD INVESTMENT The wide activity in municipal airport building and in otherwise developing air transport facilities where obviously' needed has brought the complaint from some sources that the air industry is being subsidized. Well, to a certain extent it is, but what of it? The older forms of transportation needed -subsidies during the early years, of their exigence. ex-igence. The railroads for- ex ample received abundant help from the public treasury and large gifts of public lands to encourage their expansion during the,, nineteenth century.- Other types , of carriers -.! o received assistance-until they were able to stand completely on their own feet. The public funds' now- being put into air facilities are certainly not-being not-being thrown away. On the contrary, con-trary, they are helping to stimulate greater air commerce, thus creating creat-ing more local jobs and bigger payrolls. Air lines themselves are I investing many millions of dollars :r airport accommodations and in new and improved planes and equipment. - Municipalities are not spending .loney on their air fields just as a favor to companies us;ng them These communities know that both they and the air lines will benefit by it. In other words, it is simply a good investment. |