May 08, 1946

Memphis, Tenn., Mayor Walter Chandler buys the Memphis Belle, the historic Boeing B- 17F whose crew was the first to complete 25 missions in Europe, from the Reconstruction Finance Corp. for $350. When delivered in 1942, this Flying Fortress had cost the government $314,109. An anonymous donor later sends Chandler a check to cover the cost so no tax dollars would have to be spent.