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Shortly after that project was completed a new airplane which I had had built to my specifications was ready for another mission. I wanted to be the first one to fly across our continent in twelve hours. The idea was to simulate the interest of the air transport companies who at that time were satisfied with their two day schedule. On August 13th I made the transcontinental record of 12 hours and 25 minutes. For two years after that I flew all over this country and Europe establishing 214 intercity records, most of which still stand. Howard Hughes just completed a splendid flight from coast to coast. He has my sincere congratulations.

I am glad that Mr. Hughes made his flight first. Previously, I would have been satisfied with the time he made, 7 1/2 hours, now, I am not. 

Today, airplanes are being made larger and faster- more luxuriously appointed. Engines are practically infallable. The new Constant speed propeller and automatic carburator mixture control have revolutionized air transport operation. Radio improvements have contributed tremendously to the advancement of flying and navigation. All of these things and many more - are going together to put airplanes aloft, -- that will eclipse the imagination of Jules Verne, Buck Rogers, or anyone else. I thank you. 

Transcription Notes:
In paragraph 2 there is a fraction inserted a symbol, I am not sure whether this is the correct way of transcribing it.