UAL, Inc. and United Air Lines, Inc.
UAL, Inc. and United Air Lines, Inc.
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Product Details
CompanyUAL, Inc. and United Air Lines, Inc.
Certificate Type
Debenture Bond
Date Issued
1970's
Canceled
Yes
Printer
American Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Images
Representative of the piece you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context

During the 1920's, several U.S. aviation giants rose to prominence. Among them were William Boeing, with his aircraft manufacturing and airline operations in the West, and Clement Keys and his National Air Transport associates in the East. There also was Vern Gorst, the venturesome entrepreneur whose Pacific Air Transport traversed the skies between Los Angeles and Seattle; and Walter Varney founder of the United predecessor company that launched the first U.S. commercial air transport company to survive and evolve as today's global airline United.
The "Air Mail Scandal" of 1930 was, in a sense, a blessing for the pioneering companies that were part of the vast United conglomerate. At that time, it included airlines, aircraft and engine manufacturing companies, and several airports.
The word "scandal" was hurled by an overzealous media who accused then-Postmaster General Walter Folger Brown of master-minding a "spoils conference" in May 1930, to dispense favors to his airline cronies. Actually, Brown was a visionary who simply wanted a network of air mail contract routes served only by financially healthy airlines.
Bowing to media and political pressure, President Franklin Roosevelt in 1934 ordered Postmaster General James Farley to cancel all air mail contracts - - even while Congress was still investigating media charges of "collusion."
When the smoke cleared, United regained all of its air mail routes, but was forced to divest itself of its non-airline affiliates. The company also lost its president, Philip G. Johnson, who was barred from holding an airline position because of his participation in the Brown conference.
As an independent air transport corporation, United found itself with a new president named William Allan Patterson and a new freedom to make equipment decisions independent of the Boeing Airplane Company in Seattle, and the engine and parts manufacturers in the East.
United was free to establish its own course in commercial aviation.
United filed for bankruptcy protection on December 9, 2002, which at the time was the largest airline bankruptcy in history. The company emerged from bankruptcy in 2006 and in 2010 merged with Continental Air Lines. The combined carrier used the United Airlines name, but keep Continental's logo and livery.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
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Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
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Returns
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