The wooden-hulled screw steam yacht Red Cross was completed in 1892 at East Providence, RI, and by 1907 had been renamed Admiral. At that time, the yacht was owned by the banker, George Rumsey Sheldon. She was next owned by Irving T. Bush (1869–1948), the founder and creator of the famed Bush Terminal in South Brooklyn, NY, before being acquired by the president of the Submarine Signal Co., of New London, Gordon Dexter (1864–1937) about 1914.