Word: yachted
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Dates: during 1930-1939
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Behind a high wind, the Freshman division of the Yacht Club dropped a close decision to the dinghy delegations of Dartmouth and M.I.T. The score was Dartmouth 43, Tech 41, and Harvard...
...pressed for funds that he hypothecated the funds of his wife's trust fund for a firm loan, subsequently repaid it. In 1929 his brother lent him $500,000. In 1930, same year he became president of the Exchange, Richard Whitney began misusing securities of the New York Yacht Club. By 1931, Depression had nicked him so badly that he used his position as a director of the Corn Exchange Bank to get an unsecured loan from it for $500,000. Morgan-Partner Francis Bartow happened to learn of this and arranged to have it exchanged...
Meanwhile, the stockmarket was falling faster than ever before. Dick Whitney got loans on his wife's securities, on those of the Yacht Club. He cadged loans as small as $15,000 from some Wall Street acquaintances, as big as $100,000 from others. He tried to peg Distilled Liquors at about $9 a share, thus eating away his cash. He had already mortgaged his 495-acre estate in Far Hills...
...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...
Three dinghies acquired by the newly formed Harvard Yacht Club arrived yesterday at the Union Boat Club and are available for use by members between 9:00 and 7:00 o'clock...