Old Town 42908 is a 17 foot (I believe--- the scan is smudgy) CS (common sense, or middle) grade HW model canoe that was completed April to June of 1916. It has red Western cedar planking, CLOSED spruce gunwales, ash decks, thwarts, and seat frames and a keel. Originally, it was painted Yale Blue. It was shipped to Paterson, New Jersey, on June 14, 1916.
There's no mention of a sail rig, but if this record matches your canoe in the other respects, the rig could have been added later.
Unless added at a later time, a 1916 OT canoe would NOT have the traditional Old Town diamond-head bolts securing the thwarts and seats, but would have counter-sunk carriage bolts.
Note that this canoe has closed gunwales... if yours has open wales, then this is the wrong record. Glad to keep looking, if this is what we must do to find the right one.
The scan of this record is attached below-- click on it to get a larger image. This scan and several hundred thousand others were created with substantial grants from the Wooden Canoe Heritage Association (WCHA) and others. A description of the project to preserve these records is available at
http://www.wcha.org/ot_records/ if you want more details. I hope that you and anyone else reading this will join or renew membership in the WCHA so that services like this can continue. See
http://www.wcha.org/wcha/ to learn more about the WCHA and
http://www.wcha.org/join.php to renew.
Kathy