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International Mercantile Marine Company. 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 Griscom of the American Line and Red Star Line ...
The base selected for the purchase price was White Star earnings for the year 1900 less Boer War charter fees. The result was a figure nearly a third larger than the average earnings for the preceding five years which had been substantial, multiplied by ten to reflect true worth.
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Apr 1, 2012 · THE MOST IMPORTANT SHIPPING EVENT in North Atlantic history was the creation of the International Mercantile Marine company (IMM) in 1902. ... and a suite of rooms much more than that. They were ...
Jun 15, 2023 · In November 1899, he passed away at 62 years of age. The heir to this White Star throne would be none other than J. Bruce Ismay. Colourised photo of RMS Oceanic (1890) 1900-1912, Bruce Ismay, the IMM and the Olympic Class. The International Mercantile Marine Company was founded by the investment banker, J.P Morgan.
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. The original intention was to ...
Oct 9, 2021 · From this figure should be taken the $11,000,000 paid for Leyland, leaving $22,000,000. Similarly a figure considerably less than $60,000,000 should be used for the preferred stock issue, for nearly $8,000,000 was not distributed. The remainder had an expected market value, at $85 a share, of about $44,200,000.
Apr 3, 2021 · When, in I902, the International Navigation Company of New Jersey secured an amended charter and became the Inter- national Mercantile Marine Company, the International Naviga- tion Company, Ltd., of England, practically all of whose shares had been owned by the International Navigation Company of
