Yachting: The Intrepid Gentleman

(See Cover) Shed no nostalgic tears for New port. The great "Gilded Age" of the early 1900s — when O.H.P. Belmont's carriage horses used to sleep on pure white linen sheets, and William Fahnestock festooned the trees on his estate with 14-carat gold artificial fruits—has passed. But Rhode Island's "Queen of Resorts" still has its cachet and its names: the Auchinclosses, the Dukes, the Donahues, the Drexels, Lorillards, Woolworths and Hartfords.

Mrs. Margaret Van Alen Bruguiere, the summer colony's grande dame, still lives in her 50-room "cottage," Wake-hurst, surrounded by a fortune in...

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