Mary Rose was sold in 1936 to Russel B. Stearns, member of the Eastern Yacht Club. Her name was changed to Gallant alluding to the top gallant sail.
Fortunes changed in 1938 when Gallant was destroyed by a hurricane who dragged her and four anchors up on the dry. This hurricane had taken hundreds of lives and reaved havoc among thousands of sailing yachts. It was not clear if Mary Rose could be saved until E. Howard Reed bought the wreck and started restoring her.
From Coastguard to the Transpacific Regatta 1938
The US Coast Guard requisitioned Mary Rose from 1942 until 1945 when she went back to private hands in California.