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Little Lillian Wade is presented with a toy yacht which inspires her youthful admirer to remark to Sir Thomas Lipton: "Someday I am going to be the greatest yachtsman in the world like you are." This childish prattle in after years comes true, for when the boy becomes a man he retrieves the failing fortune of ins father by building the winning yacht that lifts the cup and the mortgage which threatens his father's house.