The following year the fast three-masted schooner was launched at the yard. In 1905, it raced across the Atlantic and won the Kaiser's cup and set a record for the crossing under sail which stood unbroken for almost 90 years. Another famous vessel built on Shooter's Island was , built for the Carnegie Institution of Washington for use in magnetic surveys in the Pacific Ocean. The brigantine yacht was named after industrialist and philanthropist Andrew Carnegie, who was a friend of Mr. Downey. It was built entirely of wood and nonmagnetic metals so as not to interfere with magnetic measurements.