The daily morning journal and courier., 1895-01-25
AErER THE 1MERICA'S CUP.
A Description of the Late Meeting of the Royal Yacht Squadron.
 
[From the London Tlmes.l

lFrom the London IlmeS.l
 It is now certain that there will be {
 contest for the Americas cup next fall
 between a new eighty y-nine-foot Valky
 rie, designed by MT. G. L. Watson fol
 Lord Dunrayen, and cup defender tc
 be built in America. The members oi
 the RoyaS Yacht Squadron held a spec
 ial meeting January 7th at noon at,Boo.
 dle's club, St. James, to consider the | question of the nature of the receipt
 which the New York Yacht club re- quires the Royal Yacht Squadron to
 give in the event of their representative | yacht winning the cup. It was unani- mously agreed to give a receipt for the cup on the terms of "the deed of gift, "
 1887, without conditions. and thus a mutual understanding between the | Royal Yacht Squadron and the New l York Yacht club cup committee has | been arrived at, the formal acceptance of the challenge being now only re- quired to complete negotiations The
 Prince of Wales, commodore, presided | at the meeting, and there were present
 the Marquis of Ormonde Wice-commo-
 dore), Lord Ashburton, MT. R. A.
 French Brewster, Mr. Godfrey Barring,
 Sir R, II, Bulkeley, MT E. s. Bowlby,
 the Earl of Caledon, MT. w. R. Cook
 son, Captain J. Towers Clark, Lord
 Colville of Culross MT. w. N. Diggle, Earl of Dunraven, Sir Henry Edwardes, 1 Major Seymour Wynne Finch, Sir John
 Fowler, MT. Montague Guest, MT. Hen | " Hervey MT. A. Harcourt, MT. F. M.
 Huth Mir. William James, Lord A. Cor l don Lennox, Lord Lonsdale, MT. s. H.
 Montgomery, Admiral the Hon. Victor | Montagu, MT. Philip Percival, Jr., Lord
 RevelstolSe, Major w H. Roberts, Colo
 nel John Sterling, Lord Suffield, Mir. S.. Nugent Townsend, Mir. Arthur Vers- choyFe, Mir. John Wardlaw, MT. J. Rob
 erts West and Sir Allen Young.
 Lord Dunraven explained the situa- tion at some length to the meeting. He
 alluded to the objections raised by the
 Royal London Yacht club in 1887, when
 the new deed of gift was made public
 first, to the resolution passed in 1888 by
 the Yacht Racing association to e1l- press their disapproval of the form of
 the deed, to the refusal of the Royal
 Clyde Yacht club to forward a chal- lenge under the deed, and to the negoti- ations of 1889. All these matters, hay ing been recounted recently in full by
 the Times, do not require repetition. The position now, he said, was similar
 to that which had been left open in
 18S9 the races of 1893 having taken place on the special terms that should the cup come into the custody of a British yacht club it should be held subject to a challenge on precisely sim liar terms to those contained in this challenge; provided always that the club shall not refuse a challenge in ac- cordance with the conditions laid down in the deed of 1SS7" In 1894, however, the New York Yacht club went back to the position of 1889, but held the opin- ion that the mutual agreement clause would overcome all difficulties. Thus MT Smith had written (November 18th, 1S9D, Any agreement that the cup if won by you should be held open to chal- lenge under precisely the same condi- tions as those under which you chal- lenge is superfuous, for, under the pro- visions of the deed, a winner would cer- tainly be entitled to do so, without any acquiescence on the part of the New York Yacht club, and be perfectly free to publicly announce his intention of so doing" The same gentleman had written December 11th, 1S94:
 We cannot understand why, with power to make any agreements desired for nlatchl with the holder of the cup. the Royal Yacht Squadron, for exam pie, should expect us to covenant that thnNf Jn ,a+ 1 Il | want to do, nor why after all the cor respondence which has taken place, there should be any fear in the absence of such an agreement with us, of even appearing to expect, as the party chal- lenged, terms differing from those un- der which you challenged, as expressed in your letter of November 7th, 1892" The New York Yacht club, Lord Dunra- ven said, evidently placed very broad on the mutual agree ment clause, and further by proposing to sail in November, had shown that it was possible, in their opinion, to break one of the most stringent clauses in the 1 deed of 1887. Indeed, if this clause could be broken by mutual agreement, | it was obvious that no binding force could be attached to any clause or con- dition in the deed. For his own part, | Lord Dunraven did not think the con placed upon the deed was cor rect, and believed that the mutual | agreement clause was intended to ap- | ply to the details of the races; but if the | New York Yacht club placed their con- | on the deed he saw no reason l why the Royal Yacht Squadron should | object. They could not be said to be | receding from their position if they ac- | cepted the New York interpretation, | and the sole question for them to con | sider was whether having regard to that interpretation, the Royal Yacht | Squadron could give the required re- oeipt if the occasion for doing so should arise.
 The Marquis of Ormonde proposed, | and the Earl of Caledon seconded, that the following should be telegraphed to America forthwith: Having regard to The construction placed on the deed of | gift of 1887 by the New York Yacht dub, the Royal Yacht Squadron is will ing to give the receipt on the terms contained in the deed of gift, 1SS7"
 The resolution was unanimously lgreed to and subsequently, tele- sraphed to MT Smith, as well as the