White Star Line
The International Mercantile Marine Company , originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade.
International Mercantile Marine Company - Wikipedia
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Preferred share of the International Mercantile Marine Company, issued 21. November 1922. The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. IMM was founded by shipping magnates Clement ...
The White Star Line, the Oceanic Steam Navigation Company was, from 1902 until 1927, a wholly owned subsidiary of the International Mercantile Marine Company (IMMC). From its inception thirty years earlier up to the turn of the century, it was probably the most successful of the British transatlantic carriers.
The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade.
The International Mercantile Marine Company merger of 1902 has hitherto been misrepresented as a promotion of Wall Street. The subsequent course of this venture shows how even a combination of the world's most astute bankers and shipping men could be misled in analysis and held powerless to affect their own destiny by the march of economic and ...
The International Mercantile Marine Co., originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. The result was heavy losses for Morgan. John Pierpont Morgan, owner of the IMM Co.
The International Mercantile Marine Company, commonly known as “The Shipping Trust,” was incorporated in October, 1902, as the result of a plan which was formulated several months before by Messrs. J. P. Morgan & Company to consolidate the various steamship lines running between the United States and Europe.
In 1902, with financing from J. Pierpont Morgan, the companies were merged into the International Mercantile Marine shipping trust company, which operated 136 vessels over five transatlantic lines. Griscom served as president of IMM from 1902 until 1904, when he retired due to ill health.
The International Mercantile Marine Co., originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. The result was heavy losses for Morgan.
The International Mercantile Marine Co., originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. The result was heavy losses for Morgan.
THE INTERNATIONAL MERCANTILE MARINE COMPANY-AN ILL-CONCEIVED TRUST-Concluded' M. J. FIELDS2 O N OCTOBER i, I9I4, and again on April i, I9I5, the International Mercantile Marine Company defaulted in its interest payments due on the outstanding $52,594,- 000 42 per cent bonds.3 The default having continued for six