Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-04-29
EACHTSMEN Will
SPENDFORTlINE
Defending CUP

involved in the defense OF the Amer
ica'S cup in the coming international
yacht regatta OFF Sandy Hook in Sep
TENDER may be gained from the as
sertion recently made by an author
ity who stated that twenty-five Amer.
lean yachtsmen will spend more than
half a million dollars this summer
in defending the trophy. In addition
TO the expense of preparing for the
trial races it will cost $4,000 or $751;
600 more to bring the defender
through the cup races.
Alexander Smith Cochran OF New
York will be under the heaviest out
quire close TO 100000 to pay for the
building, fitting out and sailing the
Vanitie now rapidly nearing compile
tfor at Neponset. Six present and
past flag officers of the New York
Yacht Club have given an unlimited
order to the designer, builder and
manager of the Resolute. the Bristol
production, and will probably be call.
ed upon to contribute between $685.
600 and $4,000 each by the time the
season is finished. This syndicate is
composed of Vice Commodore George
F. Baker, Jr.. Rear Commodore ]. p.
Morgan, former Commodore Freder.
lex G. Bourne, Cornelius Vanderbilt,
Arthur Curtis James, and former
Vice Commodore Henry Walters. II
is estimated that $500, 900 Will be re-
quired to built outfit and campaign
the Resolute during June, July and
August. OF the fifteen yachtsmen who
combined to built the Defiance at Bath
at an estimated expense of 500, 900
eight are from Boston, six from New
York and one from Philadelphia. The
syndicate is composed of r. c. Flet.
cher, E. s. Webster, Eliot Wadsworth,
Charles Hayden, F. E. Peabody. J. C.
Cobb, Oliver Ames and Henry Tag.
gard of Boston; George NJ. Pynchon,
George Lauder George d. Barron,
James B. Ford, E. Trowbridge. Hall,
and Thomas c. Durham of New York
and E. Walter Clark of PHILADELPHIA.
The exact sums paid to the Her.
resshof Company for the last five
cup yachts, including the ! Constitu-
ton, have never been revealed, but
other builders believe that they know
them approximately. From such data
it Is estimated that the contract for
the Resolute with two masts, two or
three sets of sails, minor spars, and
rigging complete, called for close to
$15O,000. 1t Is thought that $4,000
will be necessary for her upkeep dur.
ing the preliminary season from May
l to August %. The contract price
for the Vanitie is placed at about
100000 and it is expected that with
her professional crew, and large ten.
der, Mr.. Cochran, will have spent an.
other 100000 by the time that the
committee on challenge of the New
York Yacht Club renders its decision
as to which yacht shall be intrusted
the defense Of the silver tankard.
AS the Defiance is of composite
built, with steel frames and a double
wooden skin, it is estimated that her
building cost will be considerably less
than either of the two bronze yachts,
probably in the neighborhood of $40.
600 just before launching. Her masts
and spars will cost $4,000, her sails
$4,000, blocks $4,000 and rigging
$1,000, with $4,000 more for inciden.
tails, or total cost of $4,000. As
the yachts of several of the syndi.
cate are to be used as tenders, the
cost of running the Defiance for the
three months is placed at $4,000, or
100000 for the season
With challenger also of compo.
site construction it Is expected that
the fourth venture of Sir Thomas LID
ton will be far less expensive than
his three previous cup hunts, prob
ably under $4,000, compared with a
third of a million spent on each of
the other challengers.
For the first time since the Vigilant
Vanquished the Valkyrie in 1893, the
cup defense yachts will have a fair
market value after the 1914 regatta
is decided. They are not expected
to deteriorate more than forty Der
cent compared with a loss of ninety
eight per cent which the owners of
the Reliance, the last cup defender,
were forced to bear, her building cost
being nearly 100000 and her scrap
price $4,000. Thus the value and
availability 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.