The President of the United States of America takes pleasure in presenting the Navy Cross to Coxswain Walter Cheatham, United States Navy, for extraordinary heroism and devotion to duty during the bombing and loss of the U.S.S. PANAY (PR-5), when that vessel was attacked by Japanese airplanes during patrol in the Yangtze River, China, on 12 December 1937. Coxswain Cheatham was a member of the crew which courageously operated the machine gun battery against the attacking planes, even though these guns could not bear forward from which direction most of the attacks were made. Though wounded, he remained at his post of duty until ammunition was expended and the order was given to abandon ship. He then assisted in carrying other more seriously wounded from the ship and transporting them overland for six miles to a hospital. The conduct of Coxswain Cheatham throughout this action reflects great credit upon himself, and was in keeping with the highest traditions of the United States Naval Service.