1 vols. An Archive Concerning Yachting Magazine. One full red calf corporate ledger titled "Yachting, Incorporated"; one green cloth stock ledger with the remains of a Yachting label on the upper cover; two green cloth books of stock certificates, each labeled "Yachting, Incorporated Preferred Stock", and one such book labeled "Yachting, Incorporated Common Stock"; a similar book of stock certificates of Kennedy Brothers, Incorporated; two appointment books with tide tables for 1937 and 1938; and a brown expanding legal-size folder of documents Item #8945
John C. Kennedy was successively treasurer, then president of Yachting, Inc., publishers of Yachting Magazine, and retained this archive after the magazine changed hands in the late 1930s. Included in this material are the corporate records of the Kelmo Corporation, into which Yachting, Inc. was merged in 1924 (it later separated and was re-merged in 1940), records of the Yachting Board of Directors' meetings (primarily concerning financing, and including the meeting agreeing to sell all the capital stock to Kennedy); the actual books of issued and unissued common and preferred stock certificates of Yachting, Inc., a book of shares of common stock of Kennedy Brothers Incorporated transferring Yachting stock to the Kennedys; the original 1923 signed option agreement by which Yachting's owners transferred, for $40,000, the total outstanding stock (common and preferred) and the actual stock certificates themselves, and the original agreement of Oswald Garrison Villard conferring, for $15,000, his title and interest in the magazine--name, records and other assets; Yachting's corporate income tax returns for 1927 and 1933 and some later tax and real estate correspondence; a lengthy Price, Waterhouse report concerning the history and financial condition of Yachting as of January 1924 and a less encouraging special balance sheet and P&L for 1933; a 1933 recapitulation of book sales; and balance sheets and stock certificates of related companies.
Also included are two 4 x 7" black leatherette books "Tide Tables and Daily Log" for l937 and 1938 in which John C. Kennedy has recorded his daily activities from July 7, l937, thru December 31, 1938. Of particular interest are the efforts made in the fall of 1937 to interest Roy E. Larsen of Time, Inc. in the purchase of Yachting Magazine by Time--a proposition which Larsen declined. The entries for 1938 deal mostly with Kennedy's growing financial worries and the decline of his sister's and his own health: it comes as a shock to learn that the author of these almost unbearably poignant entries was only 50 years old. On June 28 Kennedy reports the transfer "which took away my last of Yachting after 15 yrs."
In addition, the archive contains the original certification of the familiar "Yachting" logo as a U.S. trade-mark registered June 3, 1924; the original certificate registering the same in Canada, dated January 20, 1925; the unsigned carbon of a 1935 deposition by John C. Kennedy, with accompanying schedule showing Yachting, Inc.'s stock portfolio at the time of its sale in 1933 at a loss of $144,000; the magazine's copy of a signed agreement to publish "The Model Yacht" by John O. Berg; a corrected draft of a document changing the corporate name of Yachting, Inc. to Kelmo Corporation dated October 26, 1939; 5 insurance policies, with photostats of applications, on the life of John C. Kennedy; his U.S. passport, issued 1924; his autograph 2-pp enumeration of property to be divided among the heirs of his mother, along with photographs and correspondence concerning her grave; and other papers, including his agreement to lease from Jules S. Bache his 112-ft. diesel yacht "Colmena" for July and August, 1931, for $13,500--a unique souvenir of happier days. Altogether, an archive of engrossing interest for the business and sporting historian alike.
Price: $3,500.00 Free International Delivery