Sentence:  Designed by Frank Payne's renowned Boston design office, and built in 1928 of longleaf yellow pine, this 82-footer has been a racing <WSD>schooner</WSD> — a staysail <WSD>schooner</WSD> — since the heyday of "Class-A" ocean racing in <WSD>schooners</WSD> during the late 1920s and early 1930s. 
Meaning of the word marked with <WSD> tags:  A sailing ship with two or more masts, all with fore-and-aft sails; if two masted, having a foremast and a mainmast.