About this same date other yachts began to appear. The schooner 'Dream' was built in New York by Webb & Allen; her length was 47 ft. over all, and she was a well-known yacht, until 1855, when she was lost near Bridgeport, Connecticut. The schooner 'Sylph' was built in Boston in 1833 by Wetmore & Holbrook, for John P. Cushing, and finally sold to R. B. Forbes. After he sold 'Wave,' Mr. Stevens brought out 'Onkahya,' a schooner, in 1839; her tonnage was 250, length on water-line 91 ft. [Illustration: Built by Bell & Brown 1832. Foot Houston St East River, Length on W.L. 65 Ft. 'Wave,' midship section.] 'Onkahya' was a departure from other craft in many respects, some of which may be seen in her mid-section here shown. Her keel was of iron, which gave her unusual stability, and her bow was long and fine to a degree. She was but a moderate success as a racer, but was a very good cruiser, having made a voyage to the West Indies. She was sold to the United States Government in 1843. After five years' service under the Revenue Marine flag, 'Onkahya' was lost on the Caicos Reefs, West Indies. Mr. Stevens next appeared on board 'Gimcrack,' a schooner built in June, 1844, by William Capes, of Hoboken, and designed by George Steers. She was about 51 ft. extreme length, and 49 ft. on water-line, 13 ft. 6 in. beam, 5 ft. 2 in. deep, and drew 7-1/2 ft. of water. Her chief peculiarity was a sort of fixed centreboard of heavy plate-iron--in short, like the fin-keel of to-day, only without being loaded with lead at the lower edge. This fin was 4 ft. wide, and 12 ft. or 15 ft. long. [Illustration: 'Onkahya,' midship section.] 'Gimcrack' was not wholly satisfactory to her owner, but served for three years; several years later she was broken up at Oyster Bay, Long Island. No model or drawings of her now exist. The little cabin of 'Gimcrack' has the honour of being the birthplace of the New York Yacht Club, an organisation that has done vastly more than anything else to foster a love of yachting, and to promote progress in naval architecture. On its roll is entered the name of every noted yachtsman in America, and every important yacht has at one time or another been the property of one or more of its members. The story of the formation of the New York Yacht Club is best told by reading the minutes of the first important meeting, and as it has such a direct bearing on the progress of yachting, it is here given in full:-- MINUTES OF THE NEW YORK YACHT CLUB On board of the 'Gimcrack,' off the Battery (New York Harbour), July 30, 1844, 5.30 P.M.