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 yearly interest on 100,000 francs. To induce others to follow up the difficult and expensive problem of dirigible ballooning I left this 4000 francs at the disposition of the Aéro Club to found a new prize. I made the conditions of winning it very simple:

"The Santos-Dumont prize shall be awarded to the aeronaut, a member of the Paris Aéro Club, and not the founder of this prize, who between 1st May and 1st October 1901, starting from the Parc d'Aerostation of St Cloud, shall turn round the Eiffel Tower and come back to the starting-point, at the end of whatever time, without having touched ground, and by his self-contained means on board alone.

"If the Santos-Dumont prize is not won in 1901 it shall remain open the following year, always from 1st May to 1st October, and so on, until it be won."

The Aéro Club signified the importance of such a trial by deciding to give its highest reward, a gold medal, to the winner of the Santos-Dumont prize, as may be seen by its minutes of the time. Since then the 4000 francs have remained in the treasury of the Club.