Clipper, Vol. 9, No. 4, February 27, 1953

              Read From California to Calcutta, From Alaska To Australasia
Voi. 9 No. 4
PUBLISHED BY THE EMPLOYEES OF PAN AMERICAN WORLD AIRWAYS
February 27, 1953
PAYROLL SAVINGS PLAN
PAD Employee Group Reminds Fellow Coemps Of Personal & Patriotic Benefits of 'E' Bonds
Suppose you were asked, “What is the greatest financial invention for the working man in America?” You’d probably think a long time and not come up with the right answer. But, once told, you’d immediately see the point. For it is a simple expedient that, authorities say, has promoted more sustained thrift than any other single factor.
It is, in brief, the Payroll Savings Plan. And this plan was originated by the U. S. Treasury in an effort to make the purchase of U. S. savings bonds as easy and painless as possible. Not only did the system work for personal savings but it had the virtue of contributing to the general economy of the country. It has been in effect since 1941.
The system is still very much in effect today. But it is still a fact that we all have to be reminded of even the best of things.
Therefore the employees of PAD, as the year 1953 gets under way, take occasion once more to emphasize to each other the advantages of
supporting this plan and to call attention to what employees of other industries are doing in this regard. Some of the points to be considered about the new “E” bonds series are as folows:
It carries benefits of 3 percent compounded semi annually, and though this may not be the highest percentage to be found for investments anywhere it has proved to be without a doubt the soundest. For it ties up your money so you can’t get it out too easily, and easy withdrawal is the bane of any continued and systematic saving. Also it does not depend on your remembering to make the payment.
Furthermore, as an investor, you have the satisfaction of knowing that the savings represent a patriotic act, since making your money available for government use promotes the stability of our currency, serves as a curb to inflation and contributes to the national good.
The bond appeal for this area is (Continued on Page 5)
SYSTEM JOB AND HONEYMOON
At the big send-off party for Pete Child and his bride, this picture was snapped as the young couple examined the salad set fellow workers gave them. It is being presented by John Boyle, Assistant Maintenance Manager, in the West Balcony Hangar offices. As told in the accompanying story Pete is en route East to become a System Engineer. Surrounding them left to right are, Mary Linney, Theresa Johnson, Johnny Parker, Mary Grachis, Marie Boudinot, Glenn Mac-Kenzie, Harry Kiester, Clyde Smith, Hank Hoover, Ken Roberts, Leroy Simpson, Bob Gentle, Jack Barry. In the left foreground is Genevieve Steussey.
CHECKING PAYROLL SAVING PAYCHECK
What’re they doing with our paychecks? Well, while the three bandits pull the roll out of the signature machine, Eleanor Acker, payroll clerk, makes like she’s snipping them off with a pair of scissors. But it’s only done symbolically, to dramatize the advice that you put aside a portion of your pay in the payroll savings plan for the purchase of U. S. Government Bonds. Eleanor’s three conspirators are, left to right, Pat Layton, President of the Panair Club, kneeling; Frank Fox, Payroll Chief; Scotty Craik, Assistant Chief of Training.
Pete Child is Appointed PAA System Engineer
Flight Becomes Honeymoon as He Acquires Stewardess Bride
One of the happiest men at Pan American today is Pete Child, Pow-erplant Supervisor. For the young (33), tall, goodlooking engineer has drawn two splendid gifts this year in his professional and his private life.
The professional plum is this: Pete has been chosen, from among all the power-plant experts in the whole PAA, to become a System Engineer for the company with the possibility of foreign service in Europe.
The private life gift: A brand new bride, PAD Stewardess Jacqueline “Chicky” Mitchell, whose marriage to him last Saturday at Trinity Episcopal Church in San Jose has made the exciting trip to New York doubly exciting by converting it into a honeymoon voyage with the prospect of a pretty wife to cheer up his life in the East.
And just to add more color to all this, we are reminded that Pete and Chicky’s meeting was a real romance of the skyways. They met on a ferry flight SFO to LA only last September, and it was love at first sight. Chicky is the daughter of Mr.
(Continued on Page 6)
Jet Stream Boosts PAA Flites to New Record
TYO-HNL Run ts Rated Longest, Fastest Sched. Hop in World
By taking advantage of the “jet stream” winds that we’ve been hearing so much about lately, Pan American has established the longest non-stop scheduled flight in the world.
It is the 3900-mile stretch from Tokyo to Honolulu. Prior to recent tests the Tokyo-Honolulu flights stopped at Wake Island for refueling. Next longest non-stop scheduled flight is the New York to Paris run, 3623 miles.
Studies by PAD’s meteorological experts, Carol Beamer and Sid Serebreny, showed prevailing westerly winds of a high altitude jet stream blow along the Tokyo-Honolulu route during winter months at average speeds of seventy to 80 mph at flight levels of around 23,000 feet.
A series of non-stop flights over the route during late December and January showed the schedule practical as a normal operation. The non-stop flight takes eleven hours for the route instead of eighteen via Wake, with Clippers averaging 355 mph.
By a quirk of the international date line Clippers land at Honolulu before they take off from Tokyo.