Editing Piper Aircraft (section)

===1930s===
In late 1930, the company filed for [[bankrupt]]cy and William T. Piper purchased the assets of the company for $761.<ref name="Pattillo18"/> Reorganized as the Taylor Aircraft Company, Piper effectively took control of the firm when he assumed the position of corporate [[secretary]]-[[treasurer]], although he retained C. G. Taylor in the role of [[president (corporate title)|president]].<ref name="Pattillo18"/> Piper, often called the "[[Henry Ford]] of Aviation", firmly believed a simple-to-operate, low-cost, private airplane would flourish, even in the darkest depths of the [[Great Depression]].<ref name="Pattillo19">Pattillo (1998), p. 19</ref> This aircraft was the [[Taylor Cub|E-2 Cub]].<ref name="Pattillo19"/>

In December 1935, after a series of clashes, William Piper bought out C. G. Taylor, who left the company and went on to form the [[Taylorcraft Aircraft|Taylorcraft Aircraft Company]]. On March 16, 1937, a fire destroyed the Bradford Piper factory and the company relocated to an abandoned silk mill in [[Lock Haven, Pennsylvania]]. In 1937, it was renamed Piper Aircraft Corporation.<ref name="Mondey254">Mondey (ed), (1978), p. 254</ref>