The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-04-27
MILLION FOR
THE AMERICAS
DEFENSE
New York and Boston Yacht
men Pouring Out Money
Freely for International Re-
gatta Off Sandy Hook in
September.

New York, April 27-some Idea
Of the amount of money involved In
the defense OF Americas cup In the
tomlng ititernational yacht regatta
|off Sandy HOOK in september may be
gained from the assertion recently
made by an authority who stated
that twenty-five American yachts
men viii spend more than q half mil
Hon dollars this summer In defending
the trophy. In addition TO the eN-
lense of preparing for the trial
Il VIII cost $40, 600 ~ $4,000 more
to bring the defender through the
cup races.
Alexander smith Cochran Of New
York will be under the heaviest out
lay. since. as sole owner. Il viii re-
uuire close To 1890. 600 for the buiid-
ing. fitting out and sailing the Van
lite, now rapidly nearing completion
AT %,Seponset. Six present and past
flag officers OF the New York Yacht
club have given an unlimited rde
TO the designer, builder u manager
OF the Resolute, the Bristol produc-
ton, aud viii probably be called
upon 60 contribute between $500
and $4,000 each boy the time Ia"
season n finished. This syndicate Is
composed OF Vice-Commod0re Geo.
J.. Baker. Jr., Rear Commodore j. 4.
Morgan, former Commodore Freder-
lex q. Bourne, Cornelius Vanderbilt.
Arthur Curtis James. and former
Vice Commodore Henry Walters. IL
is estimated hat S2Oe, 900 Will bee
required To build. outfit. and cam
paign M Resolute during June, July
and August. OF the fifteen yachts
men who combined to build h De
nance at Bath at an estimated eX-
a. AHlu IA .HaNH d. -. NTN.. NNsH
ton. six from New York and one from
Philadelphia.
The exact sums paid To the Her
resshoff company for the last five
cup yachts, including the Constitu-
ltiuu. nave never been revealed, but
other builders believe hat they
know them approximately. From
Isuch data u is estimated that the
Kesolute. with two masts, two OF
three sets Of sails, minor spars ana
rigging complete, called for close -
lSib0. 900. u Is thought that $4,000
Will DE Necessary for her upkeep
during the preliminary season from
May I to August 22 The contrac.
prince FOR the Nnnitie Is placed at
about $1,000 and it Is expected
that with her professional crew and
large tender, M. Cochran viii have
I spent another 100000 by the time
that the committee ON challenge OF
the New York Yacht club renders SIS
decision as to which yacht shall be
iutrusted the defense Of the silver
tankard.
AS the Defence IS Of composite
build. with steel frames and "a double
wooden skin, Il is estimated that her
building viii Boz considerably less
than either of the bronze yachts.
..a .lN. "a. fN. 10Th a..T h..II at san A
0O0 Just before her launching. Her
masts and spars viii cost $4,000.
! her sails $4,000. blocks, $4,000 and
rigging $1,000. with 5000 more Tor
incidentals, or a total cost OF $40.
600. As the yachts of several OF the
syndicate are 90 be used as tenders.
the cost OF running the Defiance for
the three months IL placed a $780,
coo, or 500. GOO for the season.
with the challenger also Of COM
posite construction, Il b. expected
that the fourth venture al Sir Thorn
as Upton will Doe far less expensive
than his three previous cup hunts
probably $4,000 compared with a
third OF "a million spent on each OF
the other challengers.
For the first time since the Vigil
liant ~yanquished the Nalkyrie Va 1885
the cup defense yachts viii have a
fair market value after the 1914 re-
gntta Is decided They are not eX-
pected 60 ~deteriorate more than 80
per cent. compared with "a loss Of IS
per cent which the owner Of the Re
lance, the last cup defender, wera
forced To bear. her building cost be
ing nearly $500. 600. and her scrau
price $1,000. Thus the value and
udvisability Of this years cup yachts
for future work Is regarded as one
OF the most encouraging features of
the new rule under which they have
been built.