Sir Thomas Lipton, gallant yachtsman with the barnacle beard whose toast is drunk in 5,000,000 cups of tea, is a sportsman who has made an enormous reputation for his tea by knowing how to be beaten. Last week, in the famed Shamrock IV, he heard a pistol crack and scurried past a buoy at Cowes, England. Pennants crackled stiffly at mastheads; admirals, generals, statesmen, literary lions, captains of industry, peers and parasites eyed the heeling white boats, for it was the first day of the famed Cowes Week, and the King's cutter with Prince...
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