“Misery loves company”
Thomas W. Lawson, with his America’s Cup entry “Independence,” and Nathanael G. Herreshoff with his America’s Cup entry “Constitution,” console each other after their yachts initially were denied entry in the America’s Cup challenge in 1901.
Comments and Context
Thomas W. Lawson was a wealthy American financier born into poverty and, ironically, lived in poverty when he died. One of his passions was yacht racing. He balked at the requirement to join the New York Yacht Club in order to race his yacht “Independence” in the 1901 America’s Cup. Several years after this cartoon, the rebellious Lawson wrote a series of magazine articles, “Frenzied Finance,” discussing corruption among the business class “from the inside,” and became one of the early Muckrakers. This cartoon is a snapshot in time: Nathaniel Greene Herreshoff built the yacht “Constitution” for J. P. Morgan. It encountered initial problems in registering for the race, but eventually the “Constitution” was ratified, raced, and won the America’s Cup in 1901, the second cup for a boat designed and built by Herreshoff.
