Edwin D. Morgan III
Edwin Denison Morgan III (October 19, 1854 – June 13, 1933) was an American yachtsman during the turn of the 19th century. Early life. Born in 1854 as Alfred Waterman Morgan, he was grandson of New York governor Edwin D. Morgan, and a distant relative of J.P. Morgan. He graduated from Harvard College in 1877. He changed his name to Edwin Denison Morgan III at the request of his grandfather after the premature death of his father Edwin Denison Morgan II. After college, he became a highly successful businessman, and was the founder of Nassau Light and  Power, a shareholder in many significant livestock interests, and president, at the beginning of the 1900s of mining companies the Corralitos Company and Candelaria Mining Co in Mexico. Notable Residences. Beacon Rock. Summer residence, nicknamed the "Acropolis of Newport" completed around 1890 in Newport, Rhode Island for Morgan, and designed by architect Stanford White of Mckim Mead & White. With deep water at both sides of the peninsula in Bretons Cove, he kept his large yacht "Constellation", along with the smaller racing yachts he owned while residing there. Wheatly. Residence in Old Westbury, Long Island, NY, it was built over a  10-year period, and designed by architect firm McKim, Mead & White. Yachtsman. E.D. Morgan was rear commodore 1887–8, vice commodore 1891-2 and commodore 1923-4 of the New York Yacht Club. He was part of the winning team of the America's Cup Yacht Race in 1901 aboard the yacht "Columbia". He had a close relationship with yacht designer Nathaniel Herreshoff, who designed many yachts for him. He also commissioned the construction of the largest steel hull schooner of the time, the "Constellation", designed by Edward Burgess. Over his lifetime he owned over 17 vessels, ranging from steamers to  schooners.