Word: savarona
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Dates: during 1930-1939
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...Savarona is one of the three largest, most elegantly appointed yachts in the world. She is exceeded in length only by the British royal yacht Victoria and Albert and the Italian royal yacht Savoia, in tonnage by only the Victoria and Albert. Designed like a fast transatlantic passenger ship, carrying a crew of 83, she was built at a cost of $2,000,000 in the Blohm & Voss shipyards of Hamburg...
...Savarona's owner remained a secret almost until her launching in 1931. She had been ordered simply by the ''Savarona Ship Corporation" of New York, and it was only later discovered that she was the property of Mrs. Emily Roebling Cadwalader, Philadelphia socialite. The ship's incorporation was publicized last year when the U. S. Bureau of Internal Revenue objected to income tax deductions made by Mrs. Cadwalader and Husband Richard M. Cadwalader Jr. in their 1932 returns. It was then revealed that travel-loving Mrs. Cadwalader had sold to her attorney 400 ship shares...
...because of income tax interest was the U. S. involved in the Savarona's sale last week but rather because, in a transfer of a U. S. ship to foreign registry, the U. S. Maritime Commission must know to what purpose, whether bellicose or not, the ship is to be put. Two bids were made for the ship, one by the Turks, the other by an unnamed German. Although it appeared the German bid might win, the required information about the future use of the ship was not supplied. The Maritime Commission was thus able to presume that...
...Washington, Counsel for U. S. Internal Revenue Bureau John P. Wenchel charged Mrs. Emily Roebling Cadwalader, travel-loving Philadelphia socialite, with having connived with Husband Richard M. Cadwalader Jr. to reduce 1932 taxes, by transferring 400 shares of stock of their incorporated $2,000,000 superyacht Savarona to their attorney. Counsel Wenchel said she "engaged in fraudulent acts and deceptive gestures...
...Corsair, launched in 1930, has crossed the Atlantic six times, once in record time (for steam yachts) to Southampton (7 days, 7 hr.). A dozen or more new yachts have been placed in commission this year; the biggest is Mrs. Richard M. Cadwalader's 407-ft. 10 in. Savarona, built in Germany at an estimated cost of $5,000,000. Now being built for Edward F. Hutton at Kiel is a square-rigged, 322-ft. four-master. Cost...