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Maritime

International Mercantile Marine

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United States Lines

International Mercantile Marine Company (Titanic)

SKU: 160br
International Mercantile Marine Company Stock Certificate
International Mercantile Marine Company Stock Certificate
International Mercantile Marine Company Stock Certificate
International Mercantile Marine Company Stock Certificate

International Mercantile Marine Company (Titanic)

SKU: 160br
  • Only one piece available...
  • Inventory on the way
$19.00
/
Color

You will receive the exact certificate pictured



Guaranteed authentic



Over 75 years old



Capital stock


September 19, 1939 (orange)
January 4, 1937 (brown)



Issued, canceled



American聽Bank Note Company



Hand signed



12" (w) by 8" (h)



NA

The International Mercantile Marine Company, originally the International Navigation Company, was a trust company formed in the early twentieth century as an attempt to monopolize the shipping trades. It was founded by shipping magnates Clement Griscom of the American Line and Red Star Line, Bernard 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 & Company, led by financier J. Pierpont Morgan. The company also had working profit-sharing relationships with the German Hamburg-Amerika Line and the North German Lloyd lines.

The trust caused a great panic 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. However, the new company had dramatically overpaid for acquiring stock due to an overestimation of potential profit and a proposed subsidy bill in the United States Congress failed, and the company thus was never really successful. In 1932 the company was dissolved; Cunard bought the remnants of the White Star Line and the remaining American pieces were amalgamated into United States Lines.

The company is noteworthy in popular history for having owned the RMS Titanic.

RMS Titanic was a British Olympic class passenger liner that became famous for her collision with an iceberg on April 14, 1912 and dramatic sinking the following day. The second of a trio of superliners, Titanic and her sisters were designed to provide a three-ship weekly express service and dominate the transatlantic travel business for the White Star Line.

Built at the Harland and Wolff shipyard in Belfast, Ireland (now Northern Ireland), Titanic was the largest passenger steamship in the world at the time of her sinking. During Titanic's maiden voyage (from Southampton, England to Cherbourg, France, then onto Queenstown (Cobh), Ireland and finally New York City), she struck an iceberg at 23:40 (ship's time) on Sunday April 14, 1912, sinking two hours and forty minutes later at 02:20 on Monday April 15, having broken into two pieces at the aft expansion joint.

Titanic was designed to compete with rival company Cunard Line's Lusitania and Mauretania, luxurious ships and the fastest liners on the Atlantic. Titanic and her Olympic class sisters, Olympic and the then upcoming Gigantic, were intended to be the largest, most luxurious ships ever to operate (The planned name Gigantic was changed to Britannic after the disaster). Titanic was designed by Harland and Wolff chairman William Pirrie, head of Harland and Wolff's design department Thomas Andrews, and general manager Alexander Carlisle, with the plans regularly sent to the White Star Line's managing director J. Bruce Ismay for suggestions and approval. Construction of the Titanic, funded by the American J.P. Morgan and his International Mercantile Marine Company, began on March 31, 1909. Titanic No. 401 was launched two years and two months later on May 31, 1911. Titanic's outfitting was completed on March 31st the following year.

Titanic was 882 feet 9 inches long and 92 feet 6 inches at the beam. She had a Gross Register Tonnage of 46,328 tons, and a height from the water line to the boat deck of 60 feet. She contained two reciprocating four-cylinder, triple-expansion, inverted steam engines and one low-pressure Parsons turbine. These powered three propellers. There were 25 double-ended and 4 single-ended Scotch-type boilers fired by 159 coal burning furnaces that made possible a top speed of 23 knots. Only three of the four 63 foot tall funnels were functional; the fourth, which served only as a vent, was added to make the ship look more impressive. Titanic could carry a total of 3,547 passengers and crew and, because she carried mail, her name was given the prefix RMS (Royal Mail Steamer) as well as SS (Steam Ship).

The Titanic was considered a pinnacle of naval architecture and technological achievement, and was thought by The Shipbuilder magazine to be "practically unsinkable." Titanic had a double-bottom hull, containing 44 tanks for boiler water and ballast to keep the ship safely balanced at sea (later ships also had a double-walled hull). Titanic exceeded the lifeboat standard, with 20 lifeboats (though not enough for all passengers). Titanic was divided into 16 compartments by doors held up, i.e. in the open position, by electro-magnetic latches which could be closed by a switch on the ship's bridge and by a float system installed on the door itself.

For her time, Titanic was unsurpassed in luxury and opulence. She offered an onboard swimming pool, a gymnasium, a Turkish bath, libraries for each passenger class, and a squash court. First-class common rooms were adorned with elaborate wood panelling, expensive furniture and other decorations. In addition, the Caf茅 Parisien offered superb cuisine for the first-class passengers with a sunlit veranda fitted with trellis decorations.

The ship was technologically advanced for the period. She had an extensive electrical subsystem with steam-powered generators and ship-wide electrical wiring feeding electric lights. She also boasted two wireless Marconi radio sets manned by operators who worked in shifts, allowing constant radio contact and the transmission of many passenger messages.

The Titanic was almost identical to her older sister Olympic but there were a few differences. Two of the most noticeable were that half of the Titanic's forward promenade A-Deck (below the lifeboat deck) was enclosed against outside weather, and her B-Deck configuration was completely different from the Olympic's. The Titanic had a specialty restaurant called Caf茅 Parisien, a feature that the Olympic did not receive until 1913. Some of the flaws found on the Olympic, such as the creaking of the aft expansion joint, were corrected on the Titanic. The skid lights that provided natural illumination on A-deck, were round, while on Olympic they were oval. The Titanic's wheelhouse was made narrower and longer than the Olympic's. These, and other modifications, made the Titanic 1,004 gross tons larger than the Olympic.

The first-class passengers for Titanic's maiden voyage included some of the richest and most prominent people in the world. Among them were millionaire John Jacob Astor IV and his pregnant wife Madeleine; industrialist Benjamin Guggenheim; Macy's department store owner Isidor Straus and his wife Ida; Denver millionaire Margaret "Molly" Brown; streetcar magnate George Dunton Widener, his wife Eleanor and their 27-year-old son, Harry Elkins Widener; Pennsylvania Railroad executive John Borland Thayer; journalist William Thomas Stead; Charles Hays, president of Canada's Grand Trunk Railway; the Countess of Rothes; United States presidential aide Archibald Butt; author and socialite Helen Churchill Candee; author Jacques Futrelle; Broadway producers Henry and Rene Harris; writer and painter Francis Davis Millet; pioneer aviation entrepreneur Pierre Mar茅chal Sr.; American silent film actress Dorothy Gibson, White Star Line's Managing Director J. Bruce Ismay (who survived the sinking) and, from the ship's builders, Thomas Andrews, who was on board to observe any problems and assess the general performance of the new ship.

Among the second-class passengers was Lawrence Beesley, a journalist who wrote one of the first-hand accounts of the voyage and the sinking. Father Thomas R.D. Byles was a Catholic priest on his way to America to officiate at his younger brother's wedding. Also in second-class was Michel Navratil, a Frenchman kidnapping his two sons, Michel Jr. and Edmond and taking them to America.

Both J. P. Morgan and Milton S. Hershey had plans to travel on the Titanic but cancelled their reservations before the voyage.

On the night of April 14, 1912 the Titanic struck an iceberg and sank, with great loss of life. The United States Senate investigation reported that 1,517 people perished in the accident, while the British investigation has the number at 1,490. Regardless, the disaster ranks as one of the worst peacetime maritime disasters in history and by far the best known. The media frenzy about the Titanic's famous victims, the legends about what happened on board the ship, the resulting changes to maritime law, Walter Lord's 1955 non-fiction account A Night to Remember, and the discovery of the wreck in 1985 by a team led by Robert Ballard and Jean Louis Michel have sustained the Titanic's fame.

For seventy years after the disaster, it was believed that the Titanic had sunk intact. Although there were several passengers who insisted that the ship had broken in two as it sank (including Jack Thayer, who even drew a set of sketches depicting the sinking), the inquiries believed the statements of the ship's officers and first-class passengers that it had sunk in one piece.

In 1985, when the wreck was discovered by Robert Ballard and his crew, they found that the ship did in fact break in two as it sank. It was theorized that as the Titanic sank, the stern rose out of the water. It supposedly rose so high that the unsupported weight caused the ship to break into two pieces, the split starting at the upper deck. This became the commonly accepted theory.

In 2005, new evidence suggested that in addition to the expected side damage, the ship also had sustained damage to the bottom of the hull (keel). This new evidence seemed to support a less popular theory that the crack which split the Titanic in two started at the keel plates. This proposition is supported by Jack Thayer's sketches. However, it is more likely that the plates found (the evidence suggested) were torn away from the stern as it plunged downwards into the deep vertically from the force of water ripping past it at 80 mph.

The Titanic did not carry sufficient lifeboats for all of her passengers and crew. This is due to a law that stipulated that a minimum of 16 lifeboats were required that weighed more than 10,000 tons. However the law had not been ratified for many years and ships had increased rapidly in size, meaning that Titanic was legally required to carry only enough lifeboats for 1,178 passengers (the ship had room for 3,547 passengers). The White Star Line exceeded the regulations by including four collapsible lifeboats.

The lack of lifeboats was not the only cause of the tragic loss of lives. After the collision with the iceberg, one hour was taken to evaluate the damage, recognise what was going to happen, inform first-class passengers, and lower the first lifeboat. Afterwards, the crew worked quite efficiently, taking a total of 80 minutes to lower all 16 lifeboats. The crew was divided into two teams, one on each side of the ship, and an average of 10 minutes of work was necessary for a team to fill a lifeboat with passengers and lower it.

Yet another factor in the high death toll that related to the lifeboats was the reluctance of the passengers to board them. They were, after all, on a ship deemed to be "unsinkable." Because of this, some lifeboats were launched with far less than capacity, the most notable being Lifeboat #1, with a capacity of 65, launched with only 12 people aboard.

The excessive number of casualties has also been blamed on the "women and children first" policy for places on the lifeboats. Although the lifeboats had a total capacity of 1,178 - enough for 53% of the 2,224 persons on board - the boats launched only had a capacity of 1,084, and, altogether only 705 people were actually saved - 32% of those originally on board. This is a tragic result when the 1,084-person capacity of the lifeboats actually launched had sufficient room to include all of the 534 women and children on board, plus an additional 550 men (of which there were 1,690 on board).

It has been suggested based on these figures that allowing one man on board for each woman or child from the start would not only have increased the number of women and children saved, but also had the added benefit of saving more lives in total. In addition, the psychological impact of seeing fully loaded lifeboats may have spurred more passengers to evacuate, and the resulting less crowded and chaotic deck would have made the process much more efficient. There would also have been the added benefit of keeping families united, whereas in the policy adopted aboard the Titanic, this was not the case. As it was, the many desperate men had to be held off at gunpoint from boarding the lifeboats, adding to the chaos of the scene and there were many more casualties - of women, children and men - than otherwise.

The sinking of the Titanic was not the first time the internationally recognized Morse code distress signal "SOS" was used. The SOS signal was first proposed at the International Conference on Wireless Communication at Sea in Berlin in 1906. It was ratified by the international community in 1908 and had been in widespread use since then. The SOS signal was, however, rarely used by British wireless operators, who preferred the older CQD code. First Wireless Operator Jack Phillips began transmitting CQD until Second Wireless Operator Harold Bride suggested, half-jokingly, "Send SOS; it's the new call, and this may be your last chance to send it." Phillips, who perished in the disaster, then began to intersperse SOS with the traditional CQD call.

Are the certificates offered on your site genuine or reproductions?

All of our pieces are genuine - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

All of our pieces are genuine - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

Are the images presented in your product listings of the exact piece I will receive?

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.聽聽

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.聽聽

How will you ship my order and how much do you charge?聽

We ship all orders via the United States Postal Service.聽Most domestic orders are shipped via Ground Advantage.聽USPS International, Priority and Express Mail, UPS and聽DHL services are also available, and costs are calculated during checkout.聽Current charges may be reviewed here.

We ship all orders via the United States Postal Service.聽Most domestic orders are shipped via Ground Advantage.聽USPS International, Priority and Express Mail, UPS and聽DHL services are also available, and costs are calculated during checkout.聽Current charges may be reviewed here.

Can I return my purchase?聽

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

Do you buy stocks and bonds?

Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Yes. We purchase old stocks and bonds as collectible pieces. Feel free to contact us or use our chat system to let us know what you have. We will get back to you as soon as we can!

Do you research stocks and bonds to determine if they are still negotiable?

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

No we do not. You would need to have a firm that specializes in such a search to determine if your stock or bond remains negotiable. We buy and sell stocks and bonds as collectible pieces only.

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