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...only scandal in which Austin Howard Montgomery and his Hadley & Co. were currently involved. They got Clarence Chamberlin, another trans-Atlantic flyer, to be president of Crescent Aircraft Corp., organized last year to manufacture commercial airplanes. They paid $4 for Crescent stock, tried to sell it for $12 to $16 a share with the intimation that Crescent planes had been ordered for passenger service between New York and Newfoundland, Bermuda and London. Clarence Chamberlin, a gull for no long time,* was vexed. He asked and received a temporary injunction against Hadley & Co. selling Crescent stock. Chamberlin also had newspapers print...

Author: /time Magazine | Title: AERONAUTICS: First Stock Scandal | 8/26/1929 | See Source »

MacCracken Angry. William Patterson MacCracken, Jr., Assistant Secretary of Commerce for Aeronautics, after two months in Europe, was lunching on the Leviathan in New York Harbor last week. A stupid flyer, to welcome some one aboard the ship, capered and stunted so close to her that passengers fearfully ran below decks. Mr. MacCracken was angry at the foolish flyer. The incident contained irony. The Assistant Secretary had prepared a speech on flying safety to deliver over the radio. Later he did speak, declaring that the U. S. Government takes more pains to protect the flying public than any other nation...

Author: /time Magazine | Title: AERONAUTICS: Flights & Flyers: Aug. 26, 1929 | 8/26/1929 | See Source »

Seeking Divorce. Pauline Parker Assolant, onetime U. S. chorus girl, from Jean Assolant, trans-Atlantic flyer; in Paris...

Author: /time Magazine | Title: Milestones: Aug. 26, 1929 | 8/26/1929 | See Source »

Eielson Line. Carl Ben Eielson, Polar flyer with headquarters at Nome, Alaska, last week merged with Bennett & Rodebaugh Co. of Fairbanks and the Wien-Alaska Airways of Nome and Fairbanks. Alaska Airways, Inc., the new concern, is a subsidiary of Aviation Corp. of Delaware whose agent Mr. Eielson now is. He will not again accompany Sir George Hubert Wilkins to Antarctica this winter, as planned. Nor is it yet certain that Sir Hubert himself will go, what with Zeppelin activities and the difficulties of getting a Polar pilot as expert, efficient, companionable as Pilot Eielson...

Author: /time Magazine | Title: AERONAUTICS: Integrations | 8/19/1929 | See Source »

Like a blue cockchafer crawling onto a floating chip of wood, Naval Lieutenant Alfred J. William's Schneider Cup mono-seaplane Mercury floated on the Severn River off Annapolis last week, her nose in a barge. Lieutenant Williams, swiftest U. S. straightaway flyer since he won the 1923 Pulitzer speed trophy at St. Louis by flying 266.6 m. p. h., built the Mercury from his own specifications. The Navy could not afford the building costs. So friends supplied him the needed $175,000. The navy gave him factory facilities...

Author: /time Magazine | Title: AERONAUTICS: Swiftest Flyer | 8/19/1929 | See Source »

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