Word: balloons
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...President Roosevelt transmitted to Congress "for its information" copies of a report on stock exchange regulation prepared for him by a committee headed by Assistant Secretary of Commerce John Dickinson. The report being a trial balloon, the President announced that he had not read it, recommended no action. Its chief points: 1) A Federal stock exchange authority should be created to license and regulate stock exchanges. 2) The stock exchanges' power to discipline members is far superior to anything the Government could devise and should not be discarded. 3) Pools, specialists, and short selling all have their good points...
Last week Goodyear-Zeppelin Corp. of Akron was awarded the contract for a balloon with a capacity of 3,000,000 cubic feet of gas. With this bag. tall as a 30-story building, the U. S. Army (in conjunction with the National Geographic Society) plans to make two stratosphere flights, one in June and another in September. The pilots will be Major William Kepner, qualified pilot of every type of aircraft, and Captain Albert W. Stevens, air photography expert. Their balloon will be five times as large as the Navy balloon which made the official altitude record...
When Lieut.-Commander Thomas G. W. ("Tex") Settle's big stratosphere balloon was jockeyed out of its air dock at Akron one early morning last week only a few hundred persons had turned out to watch. On hand were no admirals, no major generals, no tycoons such as graced the seven-hour ceremonies preceding the Settle flight last August which was brought to a quick and ignominious finish in a Chicago railroad yard by a defective valve (TIME, Aug. 14). Since then Soviet stratospherists had made the chances of a new record harder by ascending to 11.8 mi. (TIME...
...balloon was released, Commander Settle sat confidently atop the gondola and threw off ballast. A 55 m.p.h. wind swept the bag southeast across Ohio toward Washington. Near East Liverpool (Ohio) they were up 12,500 ft.; near Pittsburgh, up 49,000. At last, they scratched over 58,000 ft., began to descend, and while an all-night search for them was begun by Navy planes and land parties, landed near Bridgeton, N. J. They had not broken the Russian record, but they had sent the first U. S. balloon into the stratosphere...
...aggregation of St. Nicholas welcomers will convene at 13 Birch Street at 8 o'clock Thanksgiving morning. Here groups will be assigned to the mammoth rubber animals which measure up to forty feet in length and twenty feet in height. Owing to the fact that the balloon creatures are inflated with gas and are of such magnitude, it is expected that a number of Harvard men will guard each animal in an attempt to maintain its state of captivity...