1907 MAINE Consolidated Steamship Lines Temporary Stock Certificate #30

Description

The certificate is dated
January 5
, 1907. The company was incorporated in Maine in 1907.
Nice low numbered certificate, #30.
Charles W. Morse organized the Consolidated Steamship Company in January 1907 as a holding company for the Eastern Steamship Company, Metropolitan Steamship Company,Clyde Steamship Company and Mallory Steamship Company. Despite an initial announcement of such a sale, Morse failed in an attempt to purchase the Long Island Sound steamers of the New York, New Haven and Hartford He did, however, acquire control of the New York and Cuba Mail Steamship Company and the New York and Porto Rico Steamship Company in 1907. Morse
established a near-monopoly of the ice business in New York, before buying several shipping companies and moving into high finance. His attempt to manipulate the price of copper-shares set off a wave of selling that developed into the  Panic of 1907. Jailed for violating federal banking laws, he faked serious illness and was released. Later he was indicted for war profiteering and fraud.
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