Rockefeller Foundation issued to International Mercantile Marine - Bond - Co. th for Sale

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Rockefeller Foundation issued to International Mercantile Marine - Bond - Co. th For Sale

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Rockefeller Foundation issued to International Mercantile Marine - Bond - Co. th:
$239.00

International Mercantile Marine Co. $10,000 Bond issued to the Rockefeller Foundation. Of course, this is the parent company of White Star Lines. It is interesting to note that this is the very rarest of all Titanic related stocks and bonds. This NJ bond is dated in the teens just a very few years after the sinking. Excellent Condition. 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, Bernard N. Baker of the Atlantic Transport Line, J. Bruce Ismay of the White Star Line, and John Ellerman of the Leyland Line. The Dominion Line was also amalgamated. The project was bankrolled by J.P. Morgan & Co., led by financier J. P. Morgan. The company also had working profit-sharing relationships with the German Hamburg-Amerika and the North German Lloyd lines. The trust caused great concern in the British shipping industry and led directly to the British government's subsidy of the Cunard Line's new ships RMS Lusitania and RMS Mauretania in an effort to compete. IMM was a holding company that controlled subsidiary corporations that had their own subsidiaries. Morgan hope Item ordered may not be exact piece shown. All original and authentic.