J. Pierpont Morgan Jr. could never have imagined his yacht Corsair IV being converted into a deluxe cruise ship whose short career would end in tragedy but it happened on a sailing from California to Acapulco in 1949.
J.P. Morgan Jr. and his legendary business tycoon father, J. Pierpont Morgan, made cruise history, owning four magnificent yachts christened Corsair, and built three of them.
Each yacht was bigger, faster, and more comfortable than the preceding one.
The Morgan Corsair created major media attention for the times resulting in a legendary quote by the senior Morgan when he was asked how much it cost to operate a boat that size. His quick response: “Sir, if you have to ask that question, you can’t afford it.”
Corsair IV was constructed in Maine at the beginning of the Great Depression for $2.5 million (or about $60 million in today’s currency). Measuring 2,142 gross tons, with a registered length of 300 feet and overall length of 343 feet, the Corsair IV was the largest yacht ever built in the U.S. Designed in the traditional piratical look of Morgan yachts, CorsairIV was long, dark, heavy underneath – paler and suaver in the superstructure.