Born December 8, 1916, Arthur B. "Tim" Hanson started sailing as a child at his familys home on the Chesapeake Bay. He continued the sport during his years at Cornell University and the College of William and Mary. In 1963, Hanson purchased Figaro III, a 47.5-foot Sparkman and Stephens yawl, and renamed it Foolscap. He sailed every Newport-Bermuda Race from 1964 - 1982, and four transatlantic races including Bermuda to Travemunde, Germany; Bermuda to Vigo, Spain; Newport to Cork, Ireland; and Bermuda to Khristiansand, Norway. He also raced many Annapolis-Newport and Marblehead-Halifax races and Block Island Race Weeks. In the early 1970s, Hanson tested the first Electronic Positioning Indicating Radio Beacon (EPIRB) on a private yacht during a transatlantic race.