The daily morning journal and courier., 1907-09-26
LATEST UPTON
 CHALLENGE DECLINED
(Continued from First Pago.)

(COntnueQ rom F1rSt Page.) ing resolutions were offered by Com modore Ledyard, seconded by Commo- dore J. P. Morgan, and unanimously adopted
 Resolved, first. That the Americas cup, held by this club as trustee un- der the deed of gift, is a trophy which stands preeminently for speed and for the utmost skill in designing, construc- tion, managing and handling the com peting vessels, and should therefore be sailed for by the fastest and most powerful vessels that can be produced,
 Second, That no agreement for any match for the cup should contain any provision which detracts from the mer- it of the trophy representing these ob- jects.
 Third, that no agreemenffshould be made with any challenger which impos- es any other limitation or restriction upon the designer than such as is nec- essarily implied in the limits of water line length expressed in the deed.
 Especially should no agreement be made requiring the contesting vessels to be constructed under any rule of measurement designed, as is the pres ent rule of the New York Yacht club, to produce a vessel of a special or lim- tied type
 Fourth, that the importance of the event makes it desirable that the contesting vessels should be substan tially of the greatest power and size permitted by the limitations of, the deed of gift. Such vessels also furn- ish the most complete test of skill in designing, construction, managing and handling.
 For these reasons, matches for this cup should not be held between ves- sels of comparatively insignificant power and size. While the defending club cannot require that the challeng ing vessel be of any given size, so long as she is within the limits permitted by the deed of gift, 1t should not con- sent to any limitation upon the power or size of the defending vessel, other than such as is imposed by the deed. "Fifth, The New York Yacht club is prepared to accept challenge in ac- cordance with the terms of the deed of gift, and to enter again into mutual agreements with any challenger, simi- lar to those which governed matches for this cup for many years past.
 Tt is also prepared to meet any quail fled challenger in a series of races for this cup, to be sailed boat for boat without time allowance"
 Sixth, the challenge of the Royal Irish Yacht club fails to conform tc the provisions of the deed of gift, un- der which alone this club can accept any challenge, in that it gives no di. mension of the challenging vessel, and in that it imposes new and specia conditions upon the type, size anG power of the defending vessel
 Moreover it is of such character that it's acceptance would, in tht Judgment of this club, involve a com. plete abandonment of the objects fol which the trust in respect to tht Americas cup was constituted.
 Seventh, that q committee be there fore appointed by the commodore, 0 which he shall be one, with instruc tions to decline on behalf of this club the challenge of the Royal Irish Yach club. with an explanation of the req sons of this club for it's action.
 "The undersigned were appointed b. the commodore as the committee men tioned in the resolutions, and in ac cordance with the instructions there in contained, 1t Is with great regre that we inform you that the New Yorl Yacht club declines your challenge
 "Very respectfully,
 Cornelius Vanderbilt, commodore Lewis Class Ledyard, J. Pierpont Nor gan, F. c. Bourne, c. Oliver Iselin, Ed win D. Morgan, Henry Walters, Rogers Maxwell, committee"