Kudos to Major Kevin Randle (USAR ret) for doing the hard work of putting up the entire transcript of the famous (or infamous) press conference of the Washington DC saucer wave during the Summer of 1952.
http://kevinrandle.blogspot.com/2010/02/washington-national-ufo-sighting-press.htmlIt is in ten parts, so one has to use the search part of his blog to get the other parts. A lot of information is in it, and one can see how the military reacted to such questions back then.