In 1914, the school became the Revenue Cutter Academy, and then the Coast Guard Academy in 1915 with the merger of the Revenue Cutter Service and the United States Life-Saving Service to form the U.S. Coast Guard.
Land was purchased in New London on 31 July 1930 for the construction of the Coast Guard Academy. The 40-acre site was made up of two parcels from the Allyn and Payne estates and was purchased for $100,000. The $100,000 was not raised through a bond issue, as originally planned, but with a bank loan based on uncollected back taxes. The contract was awarded to Murch Brothers Construction Company of St. Louis and ground was broken in January 1931 by Jean Hamlet, daughter of Rear Admiral Harry G. Hamlet, Academy Superintendent from 1928 to 1932. On 15 May 1931, Treasury Secretary Andrew W. Mellon visited New London to lay the cornerstone of Hamilton Hall. Construction proceeded relatively on schedule and cadets moved in to the new buildings on 20 September 1932.
In 1946, the academy received the barque …
