Word: bermudas
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NEVINS YACHT yard will continue to build and repair custom yachts, thanks to a last-minute rescue by Carl Hovgard, 48, president of the Research Institute of America and enthusiastic yachtsman (his Swedish-built yawl Circe won the Class B Newport-Bermuda race last month). Hovgard bought the yard, which was going to close (TIME, July 12) for a reported $900,000, will keep the Nevins name, try to run the company as a break-even hobby...
Many do both. In Boston, dealers offer toasters, trips to Bermuda, gold watches, electric ranges or TV sets with each new sale. In other cities, dealers promise trade-ins of $500 or more for anything customers can drive, push or shovel onto their lots, flood newspapers with ads offering wonderful-sounding deals that often turn out to be phony. Sample: $195 down for a 1954 Plymouth, payments of only $44 per month for 24 months. What the ads do not say is that the 24th payment is a whopping...
Cups & Minesweepers. Under Nevins' skilled hand, his yard turned out such ships (designed chiefly by Sparkman & Stephens) as John Nicholas Brown's Bolero, which has twice been first-boat-in in the Bermuda race; R.J. Schaefer's Edlu I, winner of the 1934 Bermuda; Henry Morgan's Djinn, winner of the Seawanhaka Cup in 1947; Stormy Weather, winner of the ocean race to Norway and the Florida Trophy; R. J. Reynolds' Blitzen, winner of the Miami-Nassau...
First across the finish line, after 4 days 13 hrs. afloat, was John Nicolas Brown's famed, 73-ft. black yawl Bolero, leader in two other Bermuda races. But when committeemen had done their homework, they found that Malay, 40th to finish in a fleet of 77, had been at sea for 5 days...
...smallest boat to take the trophy since 1906, when the 38-ft. yawl Tamerlane won the first Bermuda race...