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Meanwhile Steamship Row buzzed with other possibilities. President Chapman continued conferences with Chairman O'Connor, continued talking of "an adjustment, rather than a sale" of the lines. Mr. Chapman wanted to be relieved of the expensive duty of operating the largest U. S. steamship, S. S. Leviathan, which is also his largest money loser. He wanted also to be rid of the George Washington, next most costly steamer of his fleet. The Government could then sell the Republic, he suggested, leaving him the America, President Roosevelt, President Harding, and the five ships of the American Merchant Line. Last week...

Author: /time Magazine | Title: Business & Finance: Atlantic Auction | 8/17/1931 | See Source »

...first-class rates, of 13% in third-class rates. In shipping circles it was rumored that the cut had been practically forced by the British, who had threatened a rate war against the French and German lines. Oldsters recalled that in 1904 British and German steamship companies competed so bitterly for immigrant trade that one could travel from Great Britain to New York for less than...

Author: /time Magazine | Title: Business & Finance: Transatlantic Cut | 8/10/1931 | See Source »

Roosevelt Steamship Co.'s City of Baltimore was, as TIME stated, the first ship documented out of Baltimore since days of clippers. "Documented" means flying the flag of the port. Allan Line was an English line of which the home port was Glasgow. It operated between Quebec and Glasgow, using Halifax as a winter port. Its boats all had one word names and there is no record of a Novascotian. In 1915 the Allan Line was bought by Canadian Pacific. Empress of France is an old Allan Liner...

Author: /time Magazine | Title: Letters, Aug. 3, 1931 | 8/3/1931 | See Source »

Formed in 1924 after old Atlantic Fruit Co. had been foreclosed, the company lost money in every succeeding year. Last week it suddenly announced it had disposed of its $6,000,000-a-year fruit business (bananas in Jamaica and Cuba) to Standard Fruit & Steamship Corp., controlled by the Vaccaro interests of New Orleans. With the sugar industry in bad shape, with its current liabilities greater than current assets as last reported, Atlantic Fruit & Sugar seemed on the verge of another reorganization despite its imposing directorate...

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 8/3/1931 | See Source »

...Baltimore pier, nosed into midchannel. After stopping at Norfolk she cleared for Havre and Hamburg. Official civic celebration marked the sailing for she was City of Baltimore, first transatlantic passenger ship to be documented out of Baltimore since the clippers, first sailing of the new Baltimore Mail Steamship Co. formed last year by interests including Baltimore Trust, Pennsylvania RR., Roosevelt Steamship Co. On Oct. 15 the line will begin a weekly transatlantic freight-passenger-mail service...

Author: /time Magazine | Title: Business: New Gangplank | 7/13/1931 | See Source »

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