Sport: Stand By to Repel Raiders

The U.S. again sails out to defend the America's Cup

It is now June of the third year, and millionaires once again are at play on the high seas off Newport, R.I., a harbor town that smells strongly of salt water and money, the yachtsman's favorite aromas. Seven small navies have arrived from five stubborn countries, the largest assault force in 132 years, and are fighting it out among themselves for the right to challenge for the America's Cup, a symbol of U.S. ingenuity, or treachery, or both, that is bolted snugly, smugly, or both, to a heavy oak slab in...

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