12V Direction Gyro, Aviation Instrument Mfg, PN 200E. Looks to be in great shape though its missing the adjustment knob.
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In 1922, Ivan Gates organized the Gates Flying Circus. It was considered the granddaddy of all flying airshows. Made up of mostly WWI ex-military flyers, it captivated crowds with daredevil flight performances, wing walking and parachuting demonstrations.