WHAT YACHTING COSTS.
WHAT does yachting cost? That to be able to own and properly maintain a large yacht a man must have a good solid bank account to draw upon, is a truth; but that one in very moderate circumstances may enjoy all the pleasures of yachting is also true. Where there is one man who is able to own and run an Electra or a Volunteer, there are hundreds of Corinthian yachtsmen who have “fun alive” with boats of from fifteen to forty feet in length.
To state exactly, or even approximately, what yachting costs is well-nigh as difficult as to guess the correct number of hairs on a man’s head. But a very good general idea may be obtained by drawing deductions from well-known data.
If old Commodore John C. Stevens, the first flag-officer of the New York Yacht Club, were alive to-day, he would be surprised as well as delighted to observe the wonderful growth and improvement yachting has made since his time, nearly half a century ago, and no doubt he would hold up his hands in amazement at the increase in the luxuriousness of the appointments of a yacht during the same period.
The New York Yacht Club was organized in 1844, by Mr. Stevens and others, and was the outcome of the first organized effort ever made in this country to popularize yachting. The yachts of those days were few in number, and of small tonnage, The Maria, Commodore Stevens’ last yacht, though in her time a giant among her sister yachts, would be rated as only of average size compared with the larger pleasure craft of to-day. Her appointments, too, though far superior to those of her contemporaries, were very commonplace and inexpensive as compared with the palatial luxuriance of the interior fittings of any of the large yachts now afloat. To spend $20,000 at that time in building and equipping a yacht was considered extraordinary, if not a financial impossibility, for any man except Commodore Stevens, who, as the owner of nearly all of Hoboken and Weehawken, was estimated to be about the wealthiest man in America.
Since the organization of the New York Yacht Club, however, and especially since the success of the yacht America in England, each succeeding year has witnessed a multiplication of yachts, an increase in their size, and especially an augmentation of the luxuriance of their furnishings that have excited the wonder and admiration of the yachting world.
The yachts America, Julia, Una, and Widgeon, of the early period of American yachting history, were prodigies of their day and generation in respect to speed and size. All four were productions of that famous designer, George Steers, and were invincible against vessels built by other designers of the period. In this respect Edward Burgess, of Boston, concededly holds to-day the place occupied by George Steers thirty-five years ago; and the former designer’s Puritan, Mayflower, Sachem, and Volunteer have to-day a relative standing among yachts very much like that which George Steers’ productions enjoyed in their generation.
The total cost of all the yachts of forty years ago was less than that of Mr. William K. Vanderbilt’s yacht Alva alone. Two hundred thousand dollars would have been sufficient to buy the entire fleet. Year by year the amount of money expended for yachts has kept pace with the steady increase of the wealth of the country, till now it exceeds several millions of dollars annually. What the magnificent fleet of vessels which constitute the squadron of the New York Yacht Club to-day cost to build, rig, spar and furnish, represents an outlay of more than $3,500,000. The yachts at present enrolled in the New York Yacht Club number 184. Of these sixty-seven are schooners, sixty-five sloops, cutters and yawls, forty-six steamers and six launches. The tonnage of these 184 vessels aggregates 18,000 tons. The very best estimate obtainable from figures shows that it costs $200 per ton to build, rig, and fully furnish the average American yacht ready for cruising.
Instead of the one yacht club of 1844, there were on May 1, 1888, 101 incorporated yacht clubs in America. Of the yachting associations not yet advanced to the dignity of incorporated bodies, there are doubtless from two to three times as many more. These clubs are to be found in almost every harbor on the great lakes, and on every bay, lake, river and creek from one end of the land to the other. In fact, wherever there is a sufficient body of water to sail some kind of a boat upon, there will surely be found some sort of an association for the promotion of yachting. From very careful estimates made from records of yacht building, rigging and furnishing, which have been kept for years, the total tonnage of all sailing or steam vessels owned and run exclusively for purposes of pleasure in this country, on May 1, 1888, was 203,575, representing an aggregate money-value investment of $40,715,000. In view of these large figures, and they are increasing every year, the widespread and increasing interest taken in yachting events is hardly to be wondered at. The money estimate must be more than doubled, too, when “running expenses” are considered.