HMCo #367p [Launch for St. Y. Corsair III]

"[Item Transcription:] [Penciled calculations, apparently made by NGH to determine appropriate profit margins for future cost estimates, after the death of JBH:]
No. 313 [#313p] - 1915. 26ft Steam Lauch for CAROLA. 2255.93 [Time & Materials] + 33 1/3 [% Shop Overhead] x 50% [Profit Margin] = [$]4511.86. [Time & Mat.:] 2255.93. [Contract Price:] 4500.00
No. 294 [#294p] - 1914. 30ft Steam Lauch, Oil burning for V. Astor. 2423.49 [Time & Materials] + 33 1/3 [% Shop Overhead] x 50% [Profit Margin] = [$]4845.48. [Time & Mat.:] 2423.49. [Contract Price:] 4875.00
No. 274 [#274p] - 1910. 27ft Steam Lauch for Bath Iron Works. 2485.64 [Time & Materials] + 33 1/3 [% Shop Overhead] x 30% [Profit Margin] = [$]4308.45. [Time & Mat.:] 2485.64. [Contract Price:] 4300.00
No. 270 [#270p] - 1909. 27 1/2ft Steam Lauch for H.A.C. Taylor. 2293.59 [Time & Materials] + 33 1/3 [% Shop Overhead] x 40% [Profit Margin] = [$]4271.37. [Time & Mat.:] 2293.59. [Contract Price:] 4250.00
No. 298 [#298p] - 1914. 32ft Motor Launch for WAYFARER. Premier Motor. 3045.99 [Time & Materials] + 33 1/3 [% Shop Overhead] x 30% [Profit Margin] = [$]5257.72. [Time & Mat.:] 3045.99. [Contract Price:] 5250.00
No. 297 [#297p] - 1914. 30ft Motor Launch for WAYFARER. Stirling Motor. 2327.49 [Time & Materials] + 33 1/3 [% Shop Overhead] x 37% [Profit Margin] = [$]4251.54. [Time & Mat.:] 2327.49. [Contract Price:] 4250.00
No. 282 [#282p] - 1911. 35ft Motor Launch. 45/65 Sterling. CORSAIR. 3514.72 [Time & Materials] + 33 1/3 [% Shop Overhead] x 44% [Profit Margin] = [$]6748.26. [Time & Mat.:] 3514.72. [Contract Price:] 6750.00
No. 277 [#277p] - 1911. 30ft Motor Launch ISABEL (for LCL [L.C. Ledyard] by J.B. Webb). 2573.00 [Time & Materials] + 33 1/3 [% Shop Overhead] x 75% [Profit Margin] = [$]5903.67. [Time & Mat.:] 2573.00. [Contract Price:] 6000.00
No. 273 [#273p] - 1910. 30ft Motor Launch for M.F. Plant (Premier). 2576.78 [Time & Materials] + 33 1/3 [% Shop Overhead] x 60% [Profit Margin] = [$]5497.14. [Time & Mat.:] 2576.78. [Contract Price:] 5500.00
No. 278 [#278p] - 1910. 35ft Motor (Ideal) stock boat sold to WESTWARD. 2114.46 [Time & Materials] + 33 1/3 [% Shop Overhead] x 40% [Profit Margin] = [$]3947.00. [Time & Mat.:] 2114.46. [Contract Price:] 4000.00
No. 265 [#265p] - 1908. 34ft Motor (Premier) [for] NORTH STAR. 2259.20 [Time & Materials] + 33 1/3 [% Shop Overhead] x 18% [sic, i.e. 6% Profit Margin] = [$]3199.04. [Time & Mat.:] 2259.20. [Contract Price:] 3200.00
No. 283 [#283p] - 1911. 30ft Motor (Premier) [for] ALOHA A.C. James. 2974.84 [Time & Materials] + 33 1/3 [% Shop Overhead] x 45% [Profit Margin] = [$]5751.35. [Time & Mat.:] 2974.84. [Contract Price:] 5750.00
No. 292 [#292p] - 1912. 40ft Motor (8 cyl Sterling) [for] F.L. Dunne. 4630.47 [Time & Materials] + 33 1/3 [% Shop Overhead] x 55% [sic, i.e. 30% Profit Margin] = [$]8019.64. [Time & Mat.:] 4630.47. [Contract Price:] 8000.00
No. 296 [#296p] - 1914. 30ft Motor Launch (Stillson) Stock HMCo inventoried at 3,500. 2185.60 [Time & Materials] + 33 1/3 [% Shop Overhead] x 20% [Profit Margin] = [$]3496.95. [Time & Mat.:] 2185.60
No. 291 [#291p] - 1912. 50ft Motor Launch (2 Sterlings) Admirals Barge USN. 8141.40 [Time & Materials] + 33 1/3 [% Shop Overhead] x 18% [Profit Margin] = [$]12[8]08.57. [Time & Mat.:] 8141.40. [Contract Price:] 12000.00
No. 295 [#295p] - 1914. 19 1/2ft Motor Launch (Model E Sterling) W.K. Vanderbilt. 1240.68 [Time & Materials] + 33 1/3 [% Shop Overhead] x 22% [Profit Margin] = [$]2018.17. [Time & Mat.:] 1240.68. [Contract Price:] 2000.00
[Time & Materials:] 44757.68 [sic, i.e. 44857.68]. [Contract Price:] 80625.00
[p. 2]
[Unreadable]
Time & Material for 15 boats cost 44,757.68
adding 33 1/3% average for shop 14,919.23
makes shop cost 59,676.91
To equal contract price have to add about 35% = 20886.91733
Total 80,563.82. [Undated, between 1915 (when #313p, the latest boat on this list, was built) and 1919 (when #367p CORSAIR, the first launch not on this list, was built and a price for her had to be determined).]" (Source: Herreshoff, N.G. (?) (creator). Cost Estimate. Halsey C. Herreshoff Collection at the Herreshoff Marine Museum Item MRDED1_00160. Folder [no #]. No date (between 1915 and 1919 ?).)
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"[Item Description:] Herreshoff Manufacturing Company, Inc. Tentative Financial Statements for the Year Ended December 31, 1920. Tentative Comparative Balance sheet as at December 31, 1920 and 1919. Tentative Condensed Statement of Profit and Loss for Year Ended December 31, 1920. Including detailed profitabilty statements for several contracts including #367p Launch for St. Y. CORSAIR III for J.P. Morgan [loss of $20.71], #372p VASANTA for G. M. Pynchon [loss of $2,362.72], #373p ADOLAR for August Heckscher [loss of $1,277.95], #374p ALERT for Charles A. Stone [loss of $17,652.54], #375p PETUNIA for Henry L. Tiffany [loss of $2,122.67], #376p ESLOMA for William H. Vandervoort [loss of $5,244.00], #827s OHONKARA for Carll Tucker [profit of $3,257.44], 16 S-Boats [#850s ELLEN, #828s GOB, #851s MONSOON, #830s SPINSTER, #831s PAPOOSE, #832s WOODCHUCK, #833s CHEERIO, #834s WIDGEON, #835s KAJEE, #836s DAPHNIA, #837s DOODAH, #838s TEATICKET, #844s VANT, #845s SWALLOW, #846s FANO, #849s CIMA: loss of $7,548.16 (i.e. $471.76 per boat on a sales price of $2,450)], 8 Buzzards Bay Boats 12 1/2s [#829s FALCON, #839s SHELDRAKE, #840s OPITSAH, #841s MISTRAL II, #842s JABBERWOCK, #843s BULLRUSH, #847s PENGUIN, #848s DOODLE BUG: loss of $819.48], 4 small boats for yacht Edgar Palmer [GUINEVERE #192005es, #192003ep, #192004ep, #192004es: loss of $3,839.25]. [These documents found / filed with 'Tentative Financial Statements for the Period from January 1, 1923 to June 27, 1923.']" (Source: Halsey C. Herreshoff Collection at the Herreshoff Marine Museum Item MR_50660. Financial Statement. Subject Files, Folder [no #], formerly 124?. No date (after 1920-12-31).)
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"[Item Transcription:] [Carbon copy of typed letter:] Harry and I greatly enjoyed our visit to you yesterday. It was a great pleasure to be able to express to you in person my sentiments about the 'GAMECOCK' [#932s].
You may remember that you once designed a launch [#282p], I think a thirty-five foot boat for the 'CORSAIR' and subsequently built a duplicate [#367p]. The hull of the original launch has now come to me, and I propose to convert it into a launch to use as a tender for a racing boat, and I should like very much to have you give me your suggestions and possibly a sketch or some plan of arrangement for her. I propose taking out the original engine, which is altogether too powerful and uneconomical of fuel, and putting in a thirty or forty horsepower medium duty motor, which I suppose will drive the boat at about twelve or fourteen miles per hour and still have sufficient power to tow an 'R' boat at a reasonable pace. I should like to put a house on the boat, which will have sufficient room to have a water-closet and possibly two pipe bunks, in case I should want to have a man live on board. The boat is now laid up at Fife's Yard, Glenwood, and I should propose to have the work done there, as there is considerable difficulty attached to taking to Bristol, but I should be very much obliged if you, or the company would furnish me the necessary plans for the work to be done." (Source: Morgan, Junius S. Letter (copy) to N.G. Herreshoff. Herreshoff Marine Museum Collection Acc. 98.85. Correspondence, Folder 30, formerly 179. 1925-08-25.)
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Note: This list of archival documents contains in an unedited form any and all which mention #367p [Launch for St. Y. Corsair III] even if just in a cursory way. Permission to digitize, transcribe and display is gratefully acknowledged.

• Corsair (HMCo-made index card)
• Corsair (MIT Museum-made index card)
• Note: The vessel index cards comprise two sets of a total of some 3200 cards about vessels built by HMCo, with dimensions and information regarding drawings, later or former vessel names, and owners. They were compiled from HMCo's early days until 1920 and added to in later decades, apparently by Hart Nautical curator William A. Baker and his successors. While HMCo seems to have used only one set of index cards, all sorted by name and, where no name was available, by number, later users at MIT apparently divided them into two sets of cards, one sorted by vessel name, the other by vessel number and greatly expanded the number of cards. Original HMCo cards are usually lined and almost always punched with a hole at bottom center while later cards usually have no hole, are unlined, and often carry substantially less information. All cards are held by the Francis Russell Hart Nautical Collections of the MIT Museum in Cambridge, Mass.

Name: Corsair
Type: 35' gas launch for steam yacht "Corsair"
Owner: J. P. Morgan
Row No.: 134

Source: Herreshoff, L. Francis. "Partial List of Herreshoff-Built Boats." In: Herreshoff, L. Francis. Capt. Nat Herreshoff. The Wizard of Bristol. New York, 1953, p. 325-343.

Year: 1918c
E/P/S: P
No.: 367
Name: Corsair
OA: 35'

Source: Vermilya, Peter and Maynard Bray. "Transcription of the HMCo. Construction Record." Unpublished database, ca. 2000.

Note: The transcription of the HMCo Construction Record by Peter Vermilya and Maynard Bray was performed independently (and earlier) than that by Claas van der Linde. A comparison of the two transcriptions can be particularly useful in those many cases where the handwriting in the Construction Record is difficult to decipher.

"Dimensions from vessel name index card at M.I.T." (Source: van der Linde, Claas. October 11, 2014.)

"Note that M.I.T. plans database lists a steam engine for #367p Corsair and not a 6 cyl. van Blerck as per the vessel name index card at M.I.T." (Source: van der Linde, Claas. October 11, 2014.)

"All four launches built by HMCo for various Corsairs (#282p, #367p, #381p, #409p) were owner's launches as indicated by their elaborate curved glass deckhouses which were not fitted to crew launches." (Source: van der Linde, Claas. November 30, 2014.)

"Drawings 108-1 to 108-23, dated from July 29, 1918 to December 9, 1918 show a '10 & 20 x 14' Marine Engine for #367p which would have been the second launch for Corsair III that HMCo built in 1919. That boat, however, was fitted with a 6 cylinder VanBlerck gasoline engine. The drawings should be investigated to determine if this engine was really intended for #367p. Note, that these drawings were drawn by ASdeWH, NGH and Ralph E. Winslow." (Source: van der Linde, Claas. December 1, 2014.)

"Marine Engine of Inclosed Type. 10 & 20 x 14. [Note:] Patterned 1918." (Source: Herreshoff, N. G. Handwritten List of HMCo-Made Steam Engines. Halsey C. Herreshoff Collection at the Herreshoff Marine Museum, MRDED1_00220. Undated, between 1903 and 1918.)

"#367p Corsair was completed in May 1919 as per vessel name index card at M.I.T." (Source: van der Linde, Claas. October 11, 2014.)

Note: Research notes contain information about a vessel that is often random and unedited but has been deemed useful for future research.