The parachute was covering the top of the balloon. It remained in position once the balloon deflated, and allowed to fall gently. There were several demonstrations, I think; people were crazy about ballons back then and experimented a lot of things.
Here is one one of the accounts in French, published in Le Républicain’s edition from Aug 12, 1894 :
Not quite as pure as mine today !
Wordle 1 299 1/6
🟩🟩🟩🟩🟩
Yep, that was my usual start word 😜
At first, I had hadn’t realised it, I thought there was a bug because I couldn’t enter next word…