Esperanto was designed by Thomas F. McManus of Boston and built by James and Tarr Shipbuilders of Essex, Massachusetts.
The Esperanto was used in several races and is one of only two undefeated champions at the International Fisherman's Cup.
Under command of Captain Martin Leander Welch, Esperanto became the first winner of the International Fisherman's Cup on November 1, 1920, when she beat the Canadian fishing schooner Delawana of Riverport under command of Capt.
In the next race, in 1921, the Canadian sailing ship Bluenose, built in Lunenburg after the model of Esperanto, won against the schooner Elsie from Gloucester, Massachusetts.
Her crew for the 1920 race included: On May 30, 1921, Esperanto struck a submerged wreck near Sable Island and sank.