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:
“Throughout the history of commercial life nobody has ever quite liked the commission man. His function is too vague, his presence always seems one too many, his profit looks too easy, and even when you admit that he has a necessary function, you feel that this function is, as it were, a personification of something that in an ethical society would not need to exist. If people could deal with one another honestly, they would not need agents.”
—Raymond Chandler (18881959)
“You treat world history as a mathematician does mathematics, in which nothing but laws and formulas exist, no reality, no good and evil, no time, no yesterday, no tomorrow, nothing but an eternal, shallow, mathematical present.”
—Hermann Hesse (18771962)
“It gives me the greatest pleasure to say, as I do from the bottom of my heart, that never in the history of the country, in any crisis and under any conditions, have our Jewish fellow citizens failed to live up to the highest standards of citizenship and patriotism.”
—William Howard Taft (18571930)