1930 International Mercantile Marine a J.P. Morgan company owned the RMS Titanic

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1930 International Mercantile Marine a J.P. Morgan company owned the RMS Titanic:
$6.50

International Mercantile Marine Company

50shares Capital stock sold toHarris, Upham & Co.

Certificate Number:NPO4371 - Issued: 3 June 1930

Authentic IMM stock certificate from the Great Depression. It was printed on period certificate bond by the American Banknote Company of New York. Certificate in overall Good condition. Surface dirt from storage and edge stains to margins, otherwise sound.

The certificate you see is the certificate you get! WYSIWYG!

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Thumbnail History...

The International Mercantile Marine Company was a trust whichevolved fromthe International Navigation Company, a company originally financed by the Pennsylvania Railroad in 1871. In 1902 J.P. Morgan bankrolled thecreation of theIMM. Its major subsidiary lines were:

The American Line
The Atlantic Transport Line
The Leyland Line
The Red Star Line
The White Star Line

And it was affiliated with the German Hamburg-Amerika Line, and North German Lloyd companies.

In the late 19th CenturyMorganhad been heavilyinvolved with nearly every railroad in the United States, and was considered to be a transportation guru. The IMM would soon test that notion; and while he may have had great success with the creation of the equally gigantic United States Steel Corporation, he would lose millions in building a shipping empire. The problem was that the IMM had grossly miscalculated its revenue potential. Morgan did not foresee the impact of anti-trust regulations in the U.S., nor did he anticipate that Great Britain would subsidize the competition.

The struggling company quickly spiraleddownward following the sinking of itsFlagship the RMS Titanic onApril 15, 1912, during its maiden voyage.In 1914 the company entered receivership and emerged in 1916, both debt and Morgan, free. Although WWI would be a financial boon, in the post-war era it suffered. Staggering through the Great Depression, the company sought to survive by downsizing and mergers; in 1931 it merged with the Roosevelt Steamship Company and became Roosevelt International Mercantile Marine. Following several other mergers, in 1943 it would become the United States Lines, and survive until 1986.

As per rules: These obsolete stocks, bonds and financial instruments, are sold as collectibles only. Unless otherwise stated, each item has been punch and/or stamp cancelled. Again, unless otherwise stated, all items will grade at FINE or better. Illustrations provided for reference only; except where noted, actual items may vary.

BILLING, PAYMENTS & SHIPPING

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DOMESTIC U.S. SHIPPING: This item ships safely packaged in FLAT condition via USPS First Class Mail. YES! Will combine multiple lots - except where noted.

INTERNATIONAL SHIPPING: This item ships safely packaged in FLAT condition via USPS International Mail. Rates are calculated by the system. YES! Will combine multiple lots - except where noted.

offer WITH CONFIDENCE!

DOING THE THING SINCE 1997

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