City (d. 2011) Died: Elbert H. Gary, 81, President of the United States Steel Company. He died at 2:40 am, but his death was not announced until after the close of trading on Wall Street. Tuesday, August 16, 1927 With three competitors already out because of crashes, the ill-fated Dole Air Race began with eight airplanes taking off from Oakland, California, at noon to fly 2,400 miles to Honolulu, Hawaii. The stakes were $25,000 for first place, and $10,000 for second place. Two of the planes— El Encanto and the Pabeo Flyer— crashed on takeoff, weighed down by the gasoline. The Dallas Spirit and the Oklahoma both took to the air, but were forced to return with engine problems. Only four planes— Golden Eagle, Miss Doran, Aloha and Woolarac — would successfully arrive in Hawaii. In an 8–1 win by his New York Yankees over the Chicago White Sox, slugger Babe Ruth hit a home run that cleared the roof of the right field grandstands at Comiskey Park by a considerable margin. A contemporary account from the Chicago Tribune said that "Such a blow started from Wrigley Field would jeopardize the lives of golfers on the Lincoln Park course, it was estimated." Born: William Henry Thompson, first African-American recipient of the Medal of Honor in the 20th Century; in New York City (killed in action 1950) Died: J. Ogden Armour, 63, heir to the Armour Meat Packing fortune and former president of the company; he lost $130,000,000 in 1921 at his height, he was the world's second richest man, and still had a fortune of twenty million dollars at the time of his death. Wednesday, August 17, 1927 At 12:33 p.m., local time, Arthur Goebel and Lt. W.V. Davis won the Dole Air Race and its $25,000 prize after being the first to arrive in Honolulu, 26 hours and 16 minutes after they had taken off in the Woolaroc. Coming in second was the Aloha, at 2:22 pm, with Martin Jensen and Paul Schluter capturing the $10,000 second place. Officials waited for the two remaining entrants, the Miss Doran, with Auggy Pedlar, V. R. Knope and Mildred Doran aboard, and the Golden Eagle (with Jack Frost and Gordon Scott), and none of them arrived. The five missing fliers, none of whom were seen again, would bring the number of deaths associated with the race to eight. No trace was found,