Show PREDICTS IN NEXT 20 YEAS YEARS ll EQUAL A W RISE NG RiSE Of UI lE W the Wellesley Du extort expert ert was nas as asked regarding the tha commercial ties of ol tho the aircraft Industry Mr Ba Babson replied According to all current statis stalia- statistical indications tho the aircraft Indu try may a o sumo almost proportions the next twenty twenty twenty ty scars CaTS or eHn in the th next des de- decade de decade cade cads Of or course the th sort world orld war g tva i tc groat start start Jut but un- un unlike like oat other war stimulated In- In IndU In-du In dU duc ice the aircraft business has his maintained considerable of Its growth In the ears ears cars since the th war This hIB Is a 0 good food sign len It means mean that the industry is meet meet- meeting Ing a 0 reel reil which need need which Is for more rl J transportation At At tho rate of growth that t ha has been In the tho past patt ton ten ears au N will be as a many people In th the aircraft Ct t factories twenty sears ears from now a i a there tire fire now employed In Inthe inthe Inthe the autom automobile l lIe factories It would not 1 UI Sl pr me it more mor th thin n on one hundred thousand aircraft p m r year would bl ba b the production two des de- de decades cades today It is 19 altogether possible for tor this Industry to show lust Just t as spectacular growth as the automobile Industry has shorn shon sho OU S AHEAD There are ar aromo iome omo serious obstacles to bo be overcome before It will do this but hut there note ere nearly as aa many serious obstacles In the tho way way of the automo automobile l business when it was waA first started The Th first need n ne d or of course Is federal It-deral li regulation rl of o th the theair air There Theto I li is now new every very Indica indica- Indication tio tion t that some gome fe federal er l law will be at nt ho she n next st lt lon ot of o con con- con Sie t regulating air na na and pro l for tor Inspection of ot hips and anI e Uon of o pilots There I Is rued need for well well airways for loth diy dY and ana nl night ht fIr flying In and ond regular lending lindin I fields at important clUe Cities along the route AI Also Alio o there must be b aircraft t terminals 11 lust just as there are art railroad terminals Timid Timid- Timidity its It ity on 01 the pert part of the public will gra be overcome as It Is dam dam- on moro more and more Clearly that air navigation navi li is I ly ly Iy cafe That public to 19 Is shown by the tho for 1920 and 1921 1 21 when passengers and Pt wet were carried la those thois re- re rt years year When we consider that before the war hardly anyone any one on I would step toot foot In an airplane this growth o ot of public confidence i h tel re ra r The The dirigible Is better bettor adapted to 0 long distance flights and the th carry carry- carryIng carrying Inc carry Ing of t freight whereas the th airplane Is p and nd better adapted to the tho shorter flight ht The Tho Ort first de- de development development de development 1 I tending toward nard to rd regu- regu lar regular lar commercial line alt companies par paralleling n the or the tho 1 auto I in us carriers Until further furth lm fend and improvements are aro made m de In the th small individual airplane the th Industry will continuo continue to dl long along alon these thear the lines Jines Ines Howl How- How Hower l C er Cr the tho day h is likely to come com when whon regulations end And nd inventions Inv II 01 miko 10 the airplane as a 11 d i a-i the tho th small bill automo-bill bile Is now I The Tho Th cost ot of commercial tran- tran trant tr n po lallon t by Alt air lf In Europe Is s only omiS 83 60 a a mile but of ot course court the tho air air- airlines airline lines JInes of am ro heavily hea by ty the tho governments It haS r H barn estimated by ties tos that private companies comp mes In Iu- Iu Europe I rOI rope without national 1 competition could operate profitably on on the pas pas- passenger pas enger rite rate of ot IBe He a mile This i s c certainly us as cheap as any man can operate an automobile The Th cost 1011 costin in the tho th United StAtes flutes Is I much high high- higher higher higher 1111 er wa we are aro ra new at t the gaM game came Howe However er the cost Is Ins con down In 1921 It nas Coc j d milo mile mil In It It R was dS a mile by 1 1940 IHO I believe as ill v II Lo Ln abe abo to 1 as ns cheaply serf nd pot bly cheaper che p r by aircraft than wP v can iii by r railroads or th the automobile A 1 t rc with pith reGard to investments Invest Invest- ments In lu the Industry Is In order thue t hue hll I that aircraft ft bust bust- bu ne nor la is I dui due for tor a Treat great growth oa on ontie tie lIe othe other hand liAnd no one should plunge In with hIs hi capital Study th the situation carefully itis It t Is y t t highly There Theto Th re I is isa Isa n a great grent deal eAI of wor work to be hI done on slut n 1 there tIl are r many ob ob- ob fo to to o The Tb alert lert In- In stor In tor hov f e nil Kill do well to keep tabs tab abt on this Coming coining Industry to that when whon the th time arrives arrive he h hmay may really take taka advantage of o th the opportunities offered |