which survive intact today. Hearst and Davies spent much of their time entertaining, and held a number of lavish parties attended by guests including Charlie Chaplin, Douglas Fairbanks, Winston Churchill, and a young John F. Kennedy. When Hearst died, the castle was purchased by Antonin Besse II and donated to Atlantic College, an international boarding school founded by Kurt Hahn in 1962, which still uses it. Interest in aviation Hearst was particularly interested in the newly emerging technologies relating to aviation and had his first experience of flight in January 1910, in Los Angeles. Louis Paulhan, a French aviator, took him for an air trip on his Farman biplane. Hearst also sponsored Old Glory as well as the Hearst Transcontinental Prize. Financial disaster Hearst's crusade against Roosevelt and the New Deal, combined with union strikes and boycotts of his properties, undermined the financial strength of his empire. Circulation of his major publications declined in the mid-1930s, while rivals such as the New York Daily News were flourishing. He refused to take effective cost-cutting measures, and instead increased his very expensive art purchases. His friend Joseph P. Kennedy offered to buy the magazines, but Hearst jealously guarded his empire and refused. Instead, he sold some of his heavily mortgaged real estate. San Simeon itself was mortgaged to Los Angeles Times owner Harry Chandler in 1933 for $600,000. Finally his financial advisors realized he was tens of millions of dollars in debt, and could not pay the interest on the loans, let alone reduce the principal. The proposed bond sale failed to attract investors when Hearst's financial crisis became widely known. Marion Davies's stardom waned and Hearst's movies also began to hemorrhage money. As the crisis deepened he let go of most of his household staff, sold his exotic animals to the Los Angeles Zoo and named a trustee to control his finances. He still refused to sell his beloved newspapers. At one point, to avoid outright bankruptcy, he had to accept a $1 million loan from Marion Davies, who sold all her jewelry, stocks and bonds to raise the cash for him. Davies also managed to raise him another million as a loan from Washington Herald owner Cissy Patterson. The trustee cut Hearst's annual salary to $500,000, and stopped the annual payment of $700,000 in dividends. He had to pay rent for living in his castle at San Simeon. Legally Hearst