Word: crashes
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Back in the U.S. during the easy '20s, Cohen became a credit man, then developed a new angle of his own. He bought into small insurance companies, pyramided their stocks on the rising market. After the crash he bought more, paying the book value of their shares (higher than the market) on condition he be lent the money to buy out the other stockholders. By 1932 he controlled companies with assets...
Vance Breese, famed, ruddy test pilot, took it for its first ride. Off the ground he held the ship down, stuck close to earth to make the crash easy on himself if it came. It didn't. Grinned Jack Northrop, after he had landed: "It looks like we have a plane with a 20-foot ceiling...
When John Calhoun became Secretary of War, Shreve got his chance. While jeering onlookers hooted, the snag boat "drove head on at a massive 'planter' (half submerged tree). There was a booming impact and crash. It seemed to the onlookers that the boat must be shattered to pieces. But there it was, still intact, and the huge tree toppling into the water. A spontaneous cheer went up. . . ." "By the end of 1830, the age-old drowned forests had vanished from the Mississippi...
Occasionally they are of some help. The Los Angeles posse, which includes Cinemactor Buck Jones, Oilman Earl Gilmore and 20 assorted millionaires, have twice within the past two years gone into remote mountain regions to recover the bodies of air-crash victims. But, for the most part, sheriff's posses are pour le sport...
...they survive air battle, the pilots have three chances to get through: 1) to make land, if near enough; 2) to crash-land on the sea near a ship; 3) to bail out carrying a rubber raft and hope for a ship. In mid-Atlantic none of the chances is very good...