Word: fund
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Dates: during 1920-1929
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...purpose of the Guggenheim Fund contest is to get a plane not merely safe in skilled hands, but foolproof under all kinds of conditions. Such a plane must be able to land slowly, take off quickly, climb steeply, glide either at flat or steep angles and remain under control at all speeds and altitudes, even though weather conditions prevent the pilot keeping on even keel...
...three minutes at 38 m.p.h. with engine shut off, land within a 100-ft. space, take off in 300 ft., gain more than 35 ft. altitude within 500 ft. of starting takeoff, and fly "hands off." A manufacturer's pilot may put the plane through its best maneuvers. Guggenheim Fund pilots then try the plane themselves...
Last week at Mitchel Field a new Brunner-Winkle biplane was the only contestant present. Its pilots took her up. Then appeared the Guggenheim Fund's pilot, the man whom Fund President Harry F. Guggenheim has fostered for two years in order to focus U. S. attention on aviation?Charles Augustus Lindbergh. With Mrs. Lindbergh he had returned in his motor cruiser Mouette from honeymooning off the New England coast to the estate of Daniel Guggenheim, Fund creator, and was ready for work. He first flew Harry F. Guggenheim for 15 minutes in the Brunner-Winkle craft. Then he took...
...years ago Daniel Guggenheim, whose Daniel Guggenheim Fund for the Promotion of Aeronautics has helped U. S. aviation more than any other private agency, resigned from most of his business connections to give himself to benevolencies...
...Guggenheim turned in 1919, when he was 63. To the welfare of aviation he turned two Junes before Lindbergh flew to Paris. His aim was to make aviation a public utility. He gave New York University $500,000 for a School of Aeronautics. Next he established his Daniel Guggenheim Fund for the Promotion of Aeronautics, with $2,500,000 endowment. The Fund has in its two and a half years given $1,200,000 to various aeronautical educational institutions for research and instruction. California and Massachusetts Institutes of Technology and Leland Stanford, Michigan and Washington Universities all got their wind...