Fred M. Wallace
Fred M. Wallace was born in Davenport, Iowa on the 4th of July in 1900.
In 1919, he and his brother Frank formed the Wallace Brothers Aero Company and established Wallace Field, the first airport in Bettendorf. The brothers provided flight instruction, including aerobatics and gave rides. Fred traveled around Eastern Iowa promoting aviation. The brothers also provided sales and service of several aircraft models.
Built on Wallace Field, the monocoupe was the first single-wing, enclosed cockpit aircraft. Fred was instrumental in the design of its wing.
After WWII, Frank and Fred Wallace purchased the rights to a biplane called the Blackhawk from the Davenport Manufacturing Company, built, flew and sold some before discontinuing operations.
In 1922, Fred was commissioned a Second Lieutenant in the Air Service of the United States Army Officers Reserve Corps.
Fred Wallace died in 1974.