The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-10-31
CUP DEFENDER SYNDICATE.
e. OLIVER ISELIN TO ne MANAG-
ING OUNER or NEU BOAT.
r.. II. Gary. 4. 4. Griscom. :. j. nm. n. n.
Ream. william Rockefeller, &. Van.
derbiit. Henry walters, ". II. Leeds
and p. 4. n. Widencr to Build the Yacht
contract With Herreshon Signed.

contract With Herreshon Signed.
Az the meeting Of the New York Yacht
Club last night Commodore Lewis Cass
Ledyard announced TO the members that
the contract for the building of Cup de-
fender had been signed with the Herreshoffs
and work on the new craft would be rushed
along as fast as possible. c. Oliver Iselin
has consented to act as managing owner
Of the new boat and Capt. Charles Barr
il 10 he the sailing master.
The new syndicate is made up Of nine
wealthy members Of the club. six of whom
are yacht owners. They are Ebert H
Gary. Clement A, Griscom. James j. Hill.
William B. Leeds, Norman b. Ream,
William Rockefeller Cornelius Vanderbilt.
Henry Walters and P. A. b Widener.
Ex-Commodore J. Pierpont Morgan will
put the Columbia in commission and ex
Commodore E. d. Morgan has consented
TO act as managing owner and Capt Lemuel
f. Miller will Ire the sailing master.
The syndicate Of the Constitution. which
is ex-Vice- Commodore August Belmont,
Vice Commodore Frederick G.. Bourne.
James Stillman, Col. Oliver II. Payne and
HenryWalters, will put that yacht in COM
mission and she will be managed by ex-
Vicc-C commodore August Belmont. Cap
tans Urias Rhodes and Norman B. Terry
have been engaged as sailing masters for
the Constitution.
This announcement by Commodore Led
yard was received with loud applause by
the members, all Of whom were delighted
that the committee on challenge had done so
much to defend the cup against the attack
TO be made next season by Sir Thomas J.
Upton. Bart, with the Shamrock III.
The members Of the new syndicate are all
well known in business and financial circles
and many are prominently identified with
the big commercial corporations. Ebert
II. Gary of Chicago and New York was
president of the Federal Steel Company, and
now tina, has been merged in the United
States Steel Corporation is "A director of the
new company. He was born in Illinois
After leaving college he was admitted to
the bar and devoted himself 10 the pract ice
of corporation law. He is interested in
many railroad and other companies and
was one of the organizers of the United
States Steel Corporation.
Clement A Griscom is Of Philadelphia
and he owns the steam yacht Alvina, and
last summer made a cruise in that boat IN
foreign waters. He L. president Of the
International Steam Navigation Company
and of the Internal 'onal Mercantile Marine
Company, which has merged nearly all the
transatlantic lines. He is prominently
identified with many other corporations
and is director of the United States Steel
Corporation and of tie Cramp Shipbuilding
Company
james Hill Of st. Paul is the owner Of
the steam yacht Wacouta, in which he made
a cruise to Labrador last summer. He IL
president of the Northern Securities Com
pany and Of the Great Northern Railway
Company.
William B. Leeds OF Pittsburg is the owner
Of the steam yacht Mona, He is director
Of the Chicago, Rock Island and Pacific
Railroad Company and of the American
Can Company
Norman B Ream is Chicago capitalist
and is member Of the Chicago Board of
Trade and director Of the United States
Steel Corporation.
William Rockefeller is vice-president Of
the Standard Oil Company and director
of the Anna lgamated "copper" Company
Henry Walters is a member of the Con-
stitution syndicate and he owns the steam
yacht Narada. He is a Baltimore man
and is president of the Atlantic Coast Line
Company.
p. A. b, Widcner owns the steam yacht
Josephine and made cruise in that yacht
in European waters last summer He is a
ton and has large interests in the street
railways of Philadelphia, this and other
cities
Cornelius Vanderbilt is the only member
Of the syndicate who has taken an active
interest in yacht racing He has raced
the 7O-footer Rainbow successfully for
three seasons, and recently purchased the
big steam yacht Cherokee.
c. Oliver lselin, who is TO he the manag-
ing owner. has already managed three Cup
L.. l. T..
vigilant against valkyrie IL, De
fender against Valkyrie III and Columbia
against Shamrock l. He had intended to
spend the next two years in Europe, but
the members OF the Committee on Chal-
LANCE and Of the new syndicate urged
him to take charge Of the new yacht and
he has consented TO do so. He will sail
from the other side for this port next week
Ey-Commodore f.. ID. Morgan, who is
to manage the Columbia, had charge Of
that yacht last year and. like Mr.. Iselin. he
has given up season in Europe To take
charR' OF the yacht again. Mr.. August
Belmont has never had charge Of Cup
defender, but he has sailed on some Of
the boats that successfully defended the
Cup He was member of the Nigilant
syndicate, in 1893 and was on board tho
ConsiN.iou in many of her races Inst
season, He has been an active yachtsman
for many years and in the season just ended
sailed the Mineol1 very successfully. Capt
Rhodes who is to sail the Constitution was
sailing master Of that Yacht last year
He will be assisted by Capt. Norman B.
Terry. who sailed the schooner Crawling
so successfully and who assisted Capt.
Hank Half on the Defender in 1895
Capt. Barr is known as the skipper Of the
Columbia each time she defended the Cup
and Capt. Lem Miller who is to sail the
Columbia next year was mate on that
boat under Capt Barr.
On motion by Vice. Commodore Bourne
the Eastern Yacht Club was thanked for
its hospita atty last summer when the New
York Yacht Club squadron visited Marble
head. Rear Commodore Robinson moved
that tho club thank the kaiserlichen Yacht
Club for courteses extended 10 visiting
yachtsmen during Kiel week
Some members of the club have been
advocating a winter cruise in the Garth
bean Sea and Commodore Ledyard ap-
pointed Arson Phelps Stokes Lloyd Phpnix
and Robert T., Tod a committee to look
into the matter and 500 what plans can
/