The Cangarda is a 126-foot (38 m) long luxury steam yacht that was built in 1901 at the Pusey and Jones shipyard in Wilmington, Delaware.

After years of service at sea, on inland rivers, on the Great Lakes, and in port as a houseboat, the yacht was in poor condition and sank in Boston Harbor in 1999.

The boat was docked at Fulford Place, his 20,000-square-foot (1,900 m2) mansion nestled on the banks of the St. Lawrence River in Brockville, Ontario, Canada.

His efforts to preserve the old yacht and carry her into a time when interest in old things was growing can be credited with saving the vessel, but she slowly went into disrepair.

[1] The restored hull was welded, fitted with trim and stabilizer tabs, and equipped with modern generators and other technology to automate the ship as much as possible.

[2] Over the following nine years, the shipyard maintained her during winters while she spent summer months cruising around the Maine islands under private ownership.