Viewing page 22 of 31

plot

Cessna-Roos [[strikethrough]] Aircraft Company on September 8, 1927. An 11-acre tract of land was acquired and factory buildings started. Cessna continued development of the "Comet" and soon replaced the Anzani engine with a Wright J-5, 225-horsepower unit. In December [[strikethrough]] Roos [[/strikethrough]] resigned, sold his stock to Cessna and the company name was changed to Cessna Aircraft Company, which has never been changed. Late in the year Cessna exhibited his first cantilever-wing monoplane at the Detroit Aircraft Show.
With new factory facilities, Cessna was anxious to start a production program and planned five types of cantilever monoplanes for 1928. They were to be 3- and 4-place, with 120-horsepower Anzani, 125-horsepower Siemens-Halske, 110-horsepower Warner, 130-horsepower Comet, and 150-horsepower Axelson engines. At that time, however, he could not produce and sell planes until he could get a government-type certificate from the Department of Commerce. Due to numerous delays this was not obtained until August, but permission had been granted to sell some planes on "certificate-pending basis." Flying a Warner-powered Cessna, company test pilot Earl Rowland won every event in its class that year, including the transcontinental air derby from New York to Los Angeles in September. In November Cessna completed a new 6-place, 44-foot-span cantilever monoplane, powered by a Wright J-6, 300-horsepower engine. Despite the certification delays in 1928, the company had manufactured 46 planes as the year ended and had 96 planes still on order.
In February, 1929, Cessna arranged for the Curtiss Flying Service to handle all sales, and the Board of Directors of the company decided to buy 80 acres of land outside the city and build a large new factory. Fifty thousand new shares of stock were sold to finance the expansion with Cessna retaining the Presidency. By midsummer operations were moved to the new factory and some new types were added. However, shortly after production started the economy of the nation began to weaken. On October 29 ^the stock market crashed and the business world panicked and came to a standstill. The Curtiss Flying Service was bankrupt and

5
Please note that the language and terminology used in this collection reflects the context and culture of the time of its creation, and may include culturally sensitive information. As an historical document, its contents may be at odds with contemporary views and terminology. The information within this collection does not reflect the views of the Smithsonian Institution, but is available in its original form to facilitate research. For questions or comments regarding sensitive content, access, and use related to this collection, please contact transcribe@si.edu.