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APPEAL IS WITHDRAWN AS WACO SETTLES SUIT
Payment of $7,750 Made to Pacific Finance Corp. To Settle Legal Controversy

The suit of the Pacific Finance Corp. against the Waco Aircraft Co. of this city has been settled for $7,750, according to an entry in the common pleas court and the appeal of the local concern to the court of appeals has been withdrawn.
The finance company had originally sued for $21,000 on an alleged contract guaranteeing the plaintiff from loss in advancing funds to a California dealer for the Waco company. When the suit was tried in the common pleas court a verdict for $10,000 was returned against the aircraft company. 
An appeal from the verdict was taken to the court of appeals which is withdrawn with the settlement of the case.
The controversy in the case revolved about the value of several airplanes taken and sold by the finance company when the dealer it financed failed. The Waco company claimed the finance corporation had used the planes and when sold as used machines wanted to collect the difference between the selling price and the retail price of new planes. 

NEW "AUTO-PLANE" CAN GO ON ROAD OR IN AIR
SEATTLE, Jan. 25 - An aircraft that will fold its wings and travel along highways was described here today by its inventors, Professor John W. Miller, associate professor of aeronautical engineering at the University of Washington, as a possible forerunner of a combined motor car and airplane.
Miller said the automobile-airplane was so designed that the engine power could be applied to its wheels, making possible for it to travel along highways to and from airports. He said he had driven it as much as 50 miles in that manner. 

NEW TRIAL REFUSED
A motion for a new trial in the case of the Pacific Finance Co. against the Waco Aircraft Co. of this city has been overrules by Judge W.D. Jones and the verdict of $10,000 returned against the Waco company affirmed.
The finance company had sued for nearly $20,000 alleged due it for losses sustained in disposing of planes it finance3d for a Waco agent in California under guarantee from the local concern.