Annual report for the year ended December 31, 1950, and five-year review. Includes digest of operations, financial summary, accountants' reports,directory of employees etc.
Text from back of image: 'A five-year record as a flyer without a single accident despite the fact that he had no arms is the amazing boast of Loxla G. Thornton, who is now at Clover Field, Calif., getting a new ship - a monoplane - ready for...