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...Lake, who has been building submarines since 1894, built this one as "the first purely commercial type in the world." His financier is M. S. Moss. Manhattan showman. They expect to sell their machines to the sponge, coral, pearl, nacre and edible shellfish industries. Mr. Lake, who at 66 still hopes to make a stable fortune from submarines, enthusiastically projects "possibilities for the submarine in the recovery of gold and oil, laying of submarine pipes and cables, surveys of harbors and coastal waters, and possibly naval use for life-saving and salvage operations...

Author: /time Magazine | Title: Science: Trundle Submarine | 1/2/1933 | See Source »

...Herman Densmore ("Denny") Shute, slim 28-year-old golf professional from Cleveland: his first major tournament: the $10,000 Miami Biltmore Open; with 291, a stroke less than 21-year-old John Revolta of Menominee, Mich.; at Coral Gables, Fla. Day before 19 of the best known entrants, including Gene Sarazen, Walter Hagen, Billy Burke, Horton Smith, announced that, because they were unsatisfied with the Professional Golfers' Association tournament schedule, they had formed an organization to promote more open tournaments, persuade colleges to hire professional golfers as coaches...

Author: /time Magazine | Title: Sport: Who Won, Dec. 12, 1932 | 12/12/1932 | See Source »

Last week the Southern Cross VI was hobbling along near Aneityum in the New Hebrides (midway between Australia and the Fijis). A sudden squall blew up. dashed the ship on a coral reef. She began to sink. Captain A. M. Stanton had to get his men ashore. First the crew tried to lower a boat. Monster waves lashed it, smashed it to bits. When a second attempt failed, an officer took a line in his teeth, dived into the swirling sea. He swam for half an hour, at last reached the beach 150 yd. away, crawled up cut and bleeding...

Author: /time Magazine | Title: Anglican Shipwreck | 11/21/1932 | See Source »

...heir ($29,000,000) of the late Financier Thomas Fortune Ryan, was declared a judgment debtor by default to Tiffany & Co. (jewelers & silversmiths) for $75,005 for 330 items charged to his account in 14 months. Generous Mr. Ryan showers his friends with presents-diamond roosters, coral monkeys, oxblood coral Buddhas, zodiac charms, brooches, bracelets, a handbound copy of the encyclical on marriage to Pope Pius XI. Lately he bought 30 niblicks to give away. Absentminded, poetic, he forgets his bills (haberdashery accounts totalling $3,160.75 were also judged against him last week). Restored to health after years of invalidism...

Author: /time Magazine | Title: People, Jun. 6, 1932 | 6/6/1932 | See Source »

...Gene Sarazen: the Coral Gables Miami Biltmore open golf tournament, second richest ($10,000) event of the winter season; at Coral Gables...

Author: /time Magazine | Title: Sport: Who Won, Mar. 28, 1932 | 3/28/1932 | See Source »

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