At the Clubís Annual Meeting in December, 1937 Commodore Barbier took over from Commodore Finch; Miles Johnson moved up to second in command; and Al Smith was elected Rear Commodore. Hal Corson continued as the Clubís Secretary-Treasurer, Roger Calvert was named his assistant, Bill Carnegie joined the Board and Todd Fredricks was chosen to fill Al Smithís Directors term. Since the winter of 1932 Crescent had been struggling. Thanks to many friends and helping hands, that struggle abated. In March, 1938 Commodore Barbier decided that the Club owed something to itís many benefactors and a banquet was held with every Member of the Club present to honor the following special guests.
- Commodore Harry Kendal and Dr. W. A. Wilson, constantly available and ready with wise advice and a helpful word in the right spot, honored with Crescent Lifetime Memberships.
- Gregory Frederick, distinguished Detroit lawyer, was publicly thanked for his continued help in steering the Club through many legal entanglements.
- Commissioner Bush, of Detroit Parks and Boulevards, was thanked for permitting Club boats to moor at Memorial Basin when the first River home of the Club was lost.
- Present, too, were Mr. and Mrs. Henry Joy, Jr. and Mrs. Chalmers Burn and her daughter, for the unveiling of portraits of Mr. Joy and Mr. Burn, for without whose help, foresight and generosity there would never have been a Crescent. At this dinner Mr. Henry Joy, Jr. generously made the offer of a Joy Perpetual Trophy on which the names of the Clubís leading racing sailors might be inscribed.