For those of us whose space race memories go back to (well) before 
the moon landing of 30 years ago, here is the URL for an interesting 
story about the recovery of Grissom's Mercury capsule "Liberty Bell 7".

http://www.discovery.com/exp/libertybell7/dispatch.html

The interesting story is how the capsule sank in the first place: 
Pilot error, or mechanical error?



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