Statement of Significance (as of designation - September 25, 1997):
This wooden two-masted schooner, built in 1925, is the only known survivor of a type of vessel developed specifically to compete in yearly international races of fishing boats. In 1941, ROSEWAY became a pilot boat in Boston, and during World War II served as a patrol vessel manned by the Coast Guard Reserve. ROSEWAY has served as a passenger schooner since 1973. ROSEWAY still retains between 80 and 90 percent of its original hull fabric.