Saturday, July 14, 2012

Dirigibles Don't Pay.

New York Times 100 years ago today, July 14, 1912:
German Passenger Airships Still Run at a Heavy Loss.
Special Cable to The New York Times.
    BERLIN, July 13— The airship business in Germany has not yet approached a dividend-paying basis. The company, which owns and operates a couple of Zeppelin passenger airships, has just made public some figures showing heavy debit balances.
    The first year's business caused a loss of $75,000, and last year's, despite a gross income of $522,000, resulted in a loss of $90,000.
    The company loses nothing in consequence of the recent, destruction of the passenger-vessel Schwaben, which was heavily insured with English concerns.

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