Word: centralize
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Dates: during 1950-1959
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AMONG the reporters who received - the citation (above) at Cape Canaveral Missile-Testing Center last week was William R. Shelton, longtime resident of central Florida. As TIME'S stringer since 1953, Bill Shelton watched missile progress from the beaches and rooftops near the Cape, reported time and again the dramatic story of missilery's growth. Now, as TIME'S Florida correspondent, Shelton was well-primed to provide background and play-by-play action that ended last week with the glow of a new star in the skies. While Shelton covered the Cape launching of Explorer, Washington Correspondents...
Fume & Smoke. At 9 o'clock one night last week the Explorer was ready. Lox vapors (liquid oxygen) waved in the floodlights' glow. In Central Control, scientific and technical missilemen tended their network of instruments. In the Pentagon at that moment, Army Secretary Wilber Brucker and the Jupiter's top Scientist Wernher von Braun joined a score of other military and civilian officials in the Army's telecommunications room, seated themselves at a table before two huge screens, one enlarging teletype messages from the Cape, the other carrying Pentagon messages back to the site. Elaborately...
...TELL YOU IT'S ON THE WAY . . . THE SEARCHLIGHTS ARE GOING ON AND LIGHTING UP THE VEHICLE. IT IS A BEAUTIFUL SIGHT. Meanwhile at the White House, Presidential Aide Andy Goodpaster relayed the countdown, received over a Pentagon line, to Press Secretary James Hagerty in Augusta. From Central Control at 10:33 the calm voice on the mike droned on: "T minus 15 and still counting...
Obeying his electronic command, eleven of the small rockets in the bucket fired, blasting away the nose of the Redstone. They burned for six seconds. Two seconds after that, three more rockets fired, pushing free the empty shells of the first eleven. The central rocket carrying the satellite fired last. It spurted ahead and alone, and reached orbital velocity of more than 18,000 m.p.h...
Only two days after his suicide, the New York Central's Board Chairman Robert R. Young won a belated victory last week. After a bitter, 2½-year battle between Young and Randolph Phillips, a former associate, the U.S. Supreme Court cleared the way for one of Young's pet projects: a plan to wipe out $18 million in dividend arrears to preferred stockholders of Young's Alleghany Corp., which has working control of the Central with 973,500 shares of stock. Under the plan, each share of Alleghany's 5½% preferred stock would...