Oliver Gould Jennings, 1865-1936, was amongst 12 prominent New York Yacht Club members to order one of the new 40 footers from the Herreshoff Manufacturing company in the Autumn of 1915. He was assigned the Hull number 782 and the sail number 8, (the 4 being added later to denote the 40 foot class) and if we can believe the New York Times article previously posted, she was the second vessel launched, which makes her the oldest surviving member of the series but not by much. All 12 boats were all built and launched before the end of April 1916 as they all took part in their first race on the 30th May off Glen Cove.
Jennings was an important member in US politics and industry and served in the Connecticut House of Representatives and was on the boards of Bethlehem Steel and The US Industrial Alcohol Company among others.
The Oliver Gould Jennings House is located on 7 East 72nd Street in the Upper East Side of New York City. I venture a guess that his yacht was named after his wife, Pauline, or perhaps he had a daughter. His wife passed away in 1964, the year of my birth.

The lovely photo is of Jennings and wife in 1914.

Jono