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September 5, 1927

Revisit the news, notable people, and historical moments connected to this date.

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Headlines from September 5, 1927

SCHLEE TELLS OF DAY OF PERILOUS FLYING; Gasoline Leak Alarms Pilots of Pride of Detroit on Way to Karachi. DESERT FLIGHT DESCRIBED Brock Praises Single Motor of Plane for Its Unfailing Efficiency From Start. SCHLEE TELLS OF DAY OF PERILOUS FLYING

By Edward F. Schlee.by Wireless To the New York Times.by Edward F. Schlee, Co-Pilot of the Pride of Detroit

KARACHI, India, Sept. 4. -- The flight thus far has been quite satisfactory. We left Newfoundland Aug. 27 and arrived at Croydon the following day. The next stage was from Croydon to Munich on the 29th, and Munich to Belgrade on the 30th.

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Copyright, 1927, by The New York Times Company.

By Wireless To the New York Times

KARACHI, India, Sept. 4. -- The fact that today was Sunday brought an unusually large number of people by motor to the Royal Air Force airdrome at Dright Road, eight miles from the city of Karachi, to witness the arrival of the American world fliers, William S. Brock and Edward F. Schlee.

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Notable Births

Paul Volcker

1927Paul Volcker, American economist and academic (died 2019)[โ€ ]

Paul Adolph Volcker Jr. was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s, with measures known as the Volcker shock. He previously served as the president of the Federal Reserve Bank of New York from 1975 to 1979.