1:
Have a peak
take a swing
drink some soup
return a ring
2:
coming from a line of paper
although wrong, we named a vapor
launching animals: one, two, three
impressing royalty, who are we?
1:
Have a peak
take a swing
drink some soup
return a ring
2:
coming from a line of paper
although wrong, we named a vapor
launching animals: one, two, three
impressing royalty, who are we?
Edit: Okay, so the undeveloped idea that I initially thought was wrong turned out to be the right answer after all. I've now added the details.
The answer: the two people described in each of the two riddles are
The Montgolfier brothers, inventors of the hot-air balloon.
Riddle 1:
The phrase "Montgolfier brothers" is a combination of
Mont: "peak" in "have a peak",
golf: related to "swing" in "take a swing",
broth: soup in "drink some soup",
ers, or I guess the word hers, is sorta-kinda related to "ring" in "return a ring".
Riddle 2:
"coming from a line of paper": as Wikipedia says, "The brothers were born into a family of paper manufacturers in Annonay, in Ardèche, France".
"although wrong, we named a vapor". Wikipedia says of Joseph, the older of the brothers, that, after observing the tendency of hot over a fire to rise, "He believed that contained within the smoke was a special gas, which he called Montgolfier Gas, with a special property he called levity."
"launching animals, one two three": Wikipedia writes of one of the brothers' first experimental hot-air balloon flights, "The king proposed to launch two criminals, but it is most likely that the inventors decided to send a sheep, a duck, and a rooster aloft first."
"impressing royalty, who are we?": the Montgolfier brothers invention astonished not just royalty but all of France, Europe and (I suspect) the world. In particular, Wikipedia writes that "... in December 1783, in recognition of their achievement, their father Pierre was elevated to the nobility and the hereditary appellation of de Montgolfier by King Louis XVI of France."
Is it a volcano?
A peak is obvious.
Not sure about what "swing" would refer to.
Drink some soup could be a pool of lava inside the volcano.
Return a ring is either a reference to The Lord of the Rings, or perhaps referring to the ring around the tip of a stereotypical conical volcano.
Coming from a line on paper refers to the fact that it appears on maps.
Vapour is the smoke coming from the volcano.
I'm not too sure about the last two lines, but any animals around when a volcano erupts would certainly be high tailing it out of there, and volcanoes are impressive in general.