J. P. Morgan
"Corsair III", designed by John Beavor-Webb, was built in 1898 by T. S. Marvel Shipbuilding, Newburgh, New York, christened by the daughter of the owner, Miss. Louisa Morgan, and her hull launched in December 1898. Her triple expansion steam engines were fitted by W. &amp; A. Fletcher Co. of Hoboken, New Jersey after launch. J. P. Morgan died in 1913, and his son J. P. Morgan Jr. inherited the yacht.