Word: crashes
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Thanks to Radioman Dailey, warships were swarming to the rescue before the Macon's stern touched water. Out of the dirigible's lockers had been yanked collapsible rubber life rafts which, when a valve is opened, inflate with carbon dioxide. These were tossed overside. After the crash, the crew slid down lines from the upturned bow into the sea, swam to the life rafts. Last to leave the control car was Commander Wiley and a young lieutenant who banged his head getting away. Badly stunned, he would probably have gone down if his captain had not seized...
Singing "Hail, Hail, The Gang's All Here," the survivors of the Macon were landed at San Francisco. A Naval court of inquiry to determine the cause of the accident was convened aboard the U.S.S. Tennessee in the harbor. Three days after the crash "Doc" Wiley got something he had long been waiting for: an order from Washington promoting him from the rank of Lieutenant Commander to that of Commander...
...figure--exactly $97,603,005.49 as of December 31, 1931, after the stock market crash of 1929 which sent many millionaires into near-poverty--was calmly disclosed by Mellon's confidential secretary as he testified at the hearing by which the Federal Government seeks to collect an additional $3,000,000 on Mellon's 1931 income...
Nevertheless Koninklijke Luchtvaart Maatschappij voor Nederland en Koloniën (Royal Dutch Airlines) last week blamed the crash of its famed Douglas Airliner Uiver (Stork) in the Syrian Desert six weeks ago on lightning (TIME, Dec. 31). According to KLM's experts who examined the wreckage, Uiver hit the ground at full flying speed, switches on, throttles open, stabilizer set for cruising, landing gear retracted. The gasoline fire which consumed most of the plane destroyed most of the evidence. But tools and other metal parts untouched by the flames showed marks of extreme local heat and partial melting...
...during last year's frantic speculation could not sell for more than seven shillings sixpence last week. Although financial editors declared that "certain weak positions have been taken over by strong hands," Mincing Lane brokers remembered that the same thing had been said before the Strauss crash. White pepper traders were chilled by the Strauss failure because they, too, must pay up or go to the wall this week when settlement on 7,000 tons of pepper falls due. These 7,000 tons they had bought on paper in anticipation of a price rise. Instead of higher prices, they...