Designed By Floyd Ayers of Sparkman & Stephen's firm, and built in Bay Head, NJ at Morton Johnson Boat Works in 1951 for Amos Peasley. Peasley successfully sued the German Government for an act of terrorism committed during WWI at Black Tom Island, which is now Liberty State Park in New York Harbor. He had this boat commissioned in 1950 after the German Government was forced to honor its debt as part of the treaty that ended WWII. Peasley received a third of the $79 million settlement and started an endowment for Cornell University's debate club as well. He was a friend of Presidents Eisenhower and Nixon, and was Ambassador to Australia under Eisenhower and Ambassador to Mexico under Nixon.