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Although New York City may be losing some basic manufacturing industries, it has become the service center of the world, as well as the cultural center of the United States. Manhattan alone has become a focal point of common-interest centers, as people gravitate to others sharing similar interests. Madison Avenue is a universal phrase to describe a concentrated advertising locale. The West Thirty-fifth Street area is known as the Garment Center. Wall Street is the financial center of the world. The corner of Forty-fifth Street and the Avenue of the Americas is the diamond center of the nation. As our city grows and expands, other specialized centers will develop, building our economy and attracting other enterprises--just as long as the vital blood stream of transportation continues to flow strongly and steadily.

More and more people will come to New York -- but only if they can find some efficient way of getting to where they want to go. They will be flying from all fifty states, as well as from the four points of the world's compass. Because of the low unit cost of operating, the new 500 passenger jumbo jet will generate mass transportation heretofore unknown. This means that the 80 percent of American citizens who have yet to fly will now find it economical. Because of this our industry is confident that the many seats of these giant new aircraft will be filled. A single one of these huge jets will carry 200,000 passengers across the Atlantic in a year -- the transport equivalent of four surface vessels the size of the Queen Mary steaming for one year. The question is: Is

[[footnote]] New York City [[footnote]]

Transcription Notes:
Footnote possibly states "New York City".