History
The company grew out of the Mercury Glider Club which produced the first two Schweizer gliders in the Schweizers' barn. The company was originally called the Schweizer Metal Aircraft Company. Attorney Bob McDowell indicated to the Schweizers that they should move their manufacturing operation out of their father's barn and relocate to the Elmira, New York area. The Schweizers received the suggestion positively as they needed more space to produce gliders, but they had no money with which to make the move.
McDowell convinced Elmira Industries Inc, the local business development corporation, to provide space for the Schweizers on the second floor of the Elmira Knitting Mill Building in return for stock in the company. This resulted in the Schweizer Metal Aircraft Company becoming the Schweizer Aircraft Corporation, with a sale of shares to Elmira Industries, local businessmen and soaring pilots.
Read more about this topic: Schweizer Aircraft
Famous quotes containing the word history:
“The reverence for the Scriptures is an element of civilization, for thus has the history of the world been preserved, and is preserved.”
—Ralph Waldo Emerson (1803–1882)
“The principal office of history I take to be this: to prevent virtuous actions from being forgotten, and that evil words and deeds should fear an infamous reputation with posterity.”
—Tacitus (c. 55–c. 120)
“Boys forget what their country means by just reading “the land of the free” in history books. Then they get to be men, they forget even more. Liberty’s too precious a thing to be buried in books.”
—Sidney Buchman (1902–1975)