The freighter, Flying Enterprise, is seen listing some 80 degrees to port in the windswept approaches to the British Isles. After suffering damage from a storm on December 28th, she had been taken under tow toward England,by a succession of ocean-going tugs over a period of 15 days. Her present position is only about 30 miles from the coast of England, but her tow line has parted and she is foundering. Closeups of "Flying Enterprise" and "Isbrandtsen" painted on her hull. (Narrator states that the Captain, Henrik Kurt Carlsen,is still aboard.) Aerial view of several other ships around the stricken vessel. Officers and crew of the destroyer, USS Willard Keith (DD-775), are seen firing a line to the Flying Enterprise. Heavy seas are flowing over the foredeck of the destroyer. Another view of the listing ship. (During these scenes, Captain Carlsen is heard on the radio, in the background, describing the circumstances leading to their present trouble.) More views of the Flying Enterprise, helpless and battered by wind and seas, before eventually sinking (not seen). Narrator states that Captain Carlson was rescued. (Note: This ill-fated trip which ended in the sinking of the old Liberty Ship made world-wide news when it turned out that she was carrying paper money.)
President Harry S Truman arrives at the Joint Session of Congress in Washington DC. Members of the Congress clap. President Truman delivers State of the Union address before the reconvened Congress. He speaks about a disarmament strategy and the need for the Soviet Union to participate in arms reduction. Truman states that the world still walks in the shadow of another world war. He states that the nation's moral strength is most vital.
A British catapult systems for aircraft carriers is introduced. Demonstrations include launch of a dead weight, a pilotless plane and then piloted jets from the deck of an aircraft carrier during various stages of tests in England. The pilotless plane has no wing tips to ensure it will not fly far after launch, and crashes into the sea after launch.
Firefighters use water hoses on buildings in Atlantic City following a large fire that spanned 2 city blocks, destroying 4 hotels and 13 cottages. Scenes of demolished buildings. A sign for the Congress Hotel half burned and laying on the ground. View of the steps of the Congress Hotel which is all that remains of the completely destroyed building. Firemen working. Scenes of wreckage.
Various bouts of boxing during Golden Gloves Championship in New York. A boy sitting in crowd gets over excited during the Championship. Hart defeats Vaughn. Ardolino versus Debiaci. Scenes of spectators during various matches.
The Flying enterprise ship sinking in Atlantic Ocean. Wreckage of ship. A ship sails in sea. Wind blowing. People welcome Captain Kurt Carlsen in England. Captain holds flowers in his hands. Captain addresses. A man clicks photo.
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