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The Gaudy Era of Millionaires and Superyachts
Frank Kilburn Coffee
September 18, 1961
In the spendthrift 1920s wealthy sportsmen competed in a dizzy contest to build the most glittering pleasure craft on the seas
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September 18, 1961

The Gaudy Era Of Millionaires And Superyachts

In the spendthrift 1920s wealthy sportsmen competed in a dizzy contest to build the most glittering pleasure craft on the seas

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Turkish delight

The government, disallowing her tax claims for the big yacht, made a formal charge of fraud against poor Mrs. Cadwalader for "overstating" her losses.

In March 1938, after having been docked in Germany for close to five years, at an annual lay-up maintenance cost of around $70,000, the Savarona was sold to the Government of Turkey for $1 million. It was then presented to Turkey's president, Kemal Ataturk, as a gift from the people. As Fortune magazine commented: observers suddenly realized that the very notion of the Savarona had always been pretty Turkish.

Ataturk's floating palace was not to venture very far from home waters, for the Mediterranean had suddenly grown too dangerous for pleasurable cruising. As early as September 1937, Ambassador Davies and his wife, cruising the Mediterranean aboard Mrs. Davies' Sea Cloud, had abruptly broken off their cruise in view of the many "pirate submarines and anonymous destroyers" operating thereabout, and quit the yacht at Monte Carlo.

Other bodies of water were soon to become too dangerous for pleasurable cruising, including society's hallowed Newport harbor, where a practice torpedo fired from a submarine streaked off course and narrowly missed Nourmahal.

In September 1939, Swedish Industrialist Axel Wenner-Gren, crossing the Atlantic aboard his 320-foot Southern Cross, picked up an S O S from the S.S. Athenia, first major victim of Nazi warfare on the open seas. The Southern Cross, built by England's Lord Inchcape and for several years owned but rarely used by Hollywood's Howard Hughes, rescued nearly 400 of the liner's passengers under great difficulties.

With the approach of total war, many patriotically moved yacht owners, prodded by the government, made their vessels available for wartime service. J. P. Morgan took the lead and turned his Corsair over to the British early in 1940. Many big-yacht owners made outright gifts of their vessels, only too glad to be rid of them; other boats were acquired by purchase or lease.

One young naval officer, taking command of one of the more famous vessels preliminary to its conversion, had an unexpected hint of nautical hospitality revealed to him. Lazing on the owner's ample bed, he inadvertently brushed his hand against one of a pair of buttons above the headboard. His eyes opened wide as a section of the side wall yawned and disgorged a well-stocked bar which rolled right up to the bedside. Delighted with this convenience, he thumbed the second button. The opposite wall yawned even wider, and his bed was silently and smoothly joined by the one from the next room.

The converted yachts, serving as coastal patrol craft, submarine chasers and weather stations, acquitted themselves well; a few, such as H. E. Manville's handsome Hi-Esmaro. sunk by Japanese bombs off the Solomons in 1943, nobly.

Few of the big yachts were repossessed or commissioned after the war, and of those that were, all have since gone into commercial work, to the scrap heap, to foreign registry or, like J. P. Morgan's Corsair, which, only over his dead body, went into luxury cruise service, to Davy Jones's locker.

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