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Three weeks ago Steamship Row heard of a big Italian shipping merger more closely knit than the British and German pooling agreements. Officials of two trans-atlantic Italian lines refused to comment. Giuseppe Cosulich in New York said he had heard nothing about it. Rome despatches last week confirmed the rumors. A new company, Italian Lines, was formed with capital of 800,000,000 lire. Banca Commerciale took a 42% interest, Credito Maritime 40%; the remaining 18% was divided between the shipping companies...

Author: /time Magazine | Title: Business: Italian Lines | 10/26/1931 | See Source »

Navigazione Generate Italiana, 19 ships; Lloyd Sabaudo, ten ships; Cosulich, 22 ships. Senator Guglielmo Marconi was in line for presidency of the company which will control 412,761 gross tons. Guiding hand in the deal, which not all the companies welcomed: Benito Mussolini...

Author: /time Magazine | Title: Business: Italian Lines | 10/26/1931 | See Source »

...Fascist Party may again belong to the Catholic clubs Azione Cattolica and vice versa. Spurred Italy's rapidly expanding mer chant marine by inducing all the larger Italian lines to merge last week into a new operating trust, the Lloyd Orientale. The mammoth merged fleet includes Vulcania (Cosulich), the Conte Grande and Conte Biancamano (Lloyd Sabaudo). Rumor named Count Costanzo Ciano. Minister of Communications and father-in-law of Daughter Edda. as the destined board chairman of Lloyd Orientale, thus making Italy's entire merchant marine a Mussolini-Ciano family affair. Expanded plans for the loth anniversary (next...

Author: /time Magazine | Title: ITALY: Grandpapa | 10/12/1931 | See Source »

Twelve hundred members of the Order of Ahepa.† 800 of them bachelors, boarded the Cosulich liner Saturnia last week, sailed for Athens...

Author: /time Magazine | Title: GREECE: Ahepa | 3/31/1930 | See Source »

Last fortnight one of the innumerable roads to Rome (this one was the Saturnia of the Cosulich Line) took His Eminence Patrick Joseph Cardinal Hayes, third-ranking U. S. Cardinal, Archbishop of New York to His Holiness Pius XI. Ghostly was His Eminence's business. As Archbishop of Rome's largest diocese (1,273,291) he had some to report on its spiritual condition...

Author: /time Magazine | Title: Religion: Business, Pleasure | 11/11/1929 | See Source »

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