Word: harrimans
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Dates: during 1920-1929
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...young Harriman made a master play. He created a contract with the Hamburg-American Line so that for 20 years his United American Line would represent the German company in the U. S. They would represent his company in Germany. German shipping had sunk to a pitiful low of 672,671 tons. Wilhelm Cuno, onetime head of the German line, was busy in Germany's muddled politics. The contract was profitable for both parties...
...years ago Mr. Harriman, then only 29 years old, made a pact with the Hamburg-American Line. In 1916, only three years out of Yale, he had decided that "the most important matter connected with the growth and well-being of the U. S." was shipping. He put to the back of his mind the legacy of railroad activities that his dour, nervous father, Edward Henry Harriman,* left him, that he himself trained in. He took interest in a small shipbuilding plant on the Delaware, enlarged it, built concrete shipways. After the War he operated Shipping Board vessels on commission...
...Herr Cuno eventually returned to his business affairs. German officials at Hamburg and other ports grew less affable to the U. S. agents. Yet they dared not hint their wish to abrogate that contract. At the same time Mr. Harriman was noting the low earnings of transatlantic carriage. Now it seems, from the sale of these three ships, that the Hamburg-American Line is to go more on its own, that Harriman will concentrate more on his coastwise shipping, mayhap resume his railroad activities. (He is a director of the Union Pacific, of the Illinois Central, besides being chairman...
...died in 1909, leaving $10,000,000 to his boy, who was then at Groton preparing for college. The bulk of the estate, $100,000,000, went to the widow, Mary W. Harriman. She is manager of the estate, is active in charitable work, passes from her home at "Arden House," Harriman, N. Y., to her Manhattan town residence...
...What preparatory school did E. H. Harriman choose...