New-York tribune., 1898-10-30
YACHTING.
THE DEFENDER NOT TO MEET THE
CHALLENGING SHAMROCK
CoMMoDoEE J. riERPoNT MORGAN ADMITS THE
FORMATION OF A SYNDICATE TO BUILD
NEW BoAT-MR. IsErIN
INTERESTED

II NAV now he regarded as certain that the
aluminium yacht Defender will not be the ooat 10
meet the challenging Shamrock For some 'nhe
after tho challenge was filed It seemed that the
victor over the Naikyrie might be used secohu
time At that time c. Oliver Iselln made picpara-
lions fo- bringing out the Defender once again,
and he announced that he intended to put her INTO
the trial races. not as trial horse out eNpresss
TO win and II possible defend the cup MT is'hi'
was then reported to have stated that ne was "o'
In any syndicate. and that he knew OF no synoica'e
beinc formed AS the Defender was such rhehom-
o,oI hoat that there was no certainty Of a new
syndicate boat beating her, IT was said IN these
columns tha, any one thinking Of building an IN
tended defender would do well to first consult win
&. oliver Isein.
Apparently Mr. lsclin WAS consulted A CORE
spondent stated for publication that MI iseNh
,o;-,, no Iooked for pretty near the front In this
matter and that in being able TO bring out the
Defender he held a right bower AT that time 'ne
situation that any one VINO punt 10 "eie""
had in effect. 20 bet at least quarter OF 'hiio"
against nothing that the new boat would peat the
Defender Naturally. long delay ensued. rhe
man who would hit zip against such odds did not
exist A month passed since the filing of the cha-
lcnge and still no contract was signed LOT ne"
boat But afterward. In the latter hat OF Octooe'
Mr. Iselin announced to a reporter that he ana
Commodore j. Piorpont Morgan were together IN a
syndicate that would build new BOAT i shaii
have charge Of both boats, the Defender ana the
new craft" Mr. ISclin is reported TO have said.
81 snail rot he able TO look after both as they
should he and will be looked after, but no conclu-
sinns have been reached TO who VIII take the
Defender in hand after the new boat is ready
From this il Is evident that Mr. lseln will devote
himself more especially TO the boat, and the
different announcements made by MIN have pro-
vde1 the only available suggestions of what was
behind the scenes in the preparations for the de-
fence of the cup. Somehow there was wide gap
bridged over The difference between not knowing
anything about the new boat and its syndicate ana
q fixed position as manager Of that same new boat
is marked. The old Defender Is now no longer
dangerous. She will be used simply as trial horse
for the new craft and at last. and after great de-
lays. everything Is lovely.
Commodore Morgan had declined positively to dis
this subject until YESTERDAY when he was seen
strect SCR iNe Tribune at MS banking mouse HI "'
Mr Morgan then admitted that he was in a
III. arrangement IS only OF recent date this Is the
first time his admission of this fact has beer pub
lshed. Mr. Morgan also said that Mr. isein was
connected with him in the undertaking. though he
di1 not say how far Mr. lselin was interested hnar
cially
yachtsmen who would be with him in the synd-
cate M Morgan intimated. laughingly that that
had not been finally settled.
rs Herman II. Duryea in II
well. have not got far as that yet"
From the apparently amused way In which MI
sible members Of the syndicate II was surmised
perhaps wrongly. that there existed no others and
that there would be none in future. II seemed
probable that Mr.. Morgan did not care TO say that
he going 70 pay for the whole boat himself.
but If he had said so il would have accorded with
the current gossip Of the clubs,
The truth is that great deal remains un-
settled about this matter" said Mr.. Morgan. "and
don't know much about it. excep; the one fact
about week may be able to give you better in
formation