Collectible Stocks Certificate - Company that Made the Titanic "International Mercantile Marine" 1915-20

$44.90
by IMPACTO COLECCIONABLES

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Original stock of the International Mercantile Marine Company, signed and issued by the renowned J.P. Morgan. It is believed that these shares were issued to finance the losses incurred after the sinking of the Titanic. With a dimensions of: 300x200 mm At the beginning of the 20th century, stocks were decorated by important engravers. Each stock is a work of art in itself. In this case, a ship of the fleet and a merchant marine muse can be visualized. The Titanic shares correspond to the series issued in the state of Jersey and have a value of "100 shares". Each one of them was numbered and kept as real treasures. A stock certificate is issued by businesses, usually companies. Is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates. The perfect gift for history lovers. Discover our wide range of items by clicking on our brand name ''IMPACTO COLECCIONABLES'' just below the title. Famous 'Titanic' stock. This co. owned White Star Lines & the Titanic. Vignette of 'Titanic' type ship with tugboats. Also lady with an anchor. It is interesting to note that the hole cancellation includes JPM & Co. which represents J. Pierpont Morgan & Company. Morgan controlled this very large enterprise and it proved to be one of his poorer investments. 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. The sinking of the Titanic did not bring about the end of the IMM. Although theoretically powerful due to its continued influence with some of the top American, British, and German shipping companies, the overseeing company never managed to overcome its own financial problems, nor dominate the bulk of the North Atlantic shipping trade, and was therefore not as successful as expected. The company went into receivership in 1915 and was placed in the hands of Franklin, who managed to save it. In the late 1920s, he received grants from the government to American ships (built in the United States or flying the flag) and in 1926 it sold the White Star Line to the Royal Mail Steam Packet Company for £7 million.

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