Business: Business Notes, Nov. 8, 1926

International Mercantile Marine.

Financial Partners John Pierpont Morgan and Charles Steele withdrew from the directorate of the International Mercantile Marine Co. last April to avoid embarrassing the sale of its White Star Line. Their London firm, Morgan, Grenfell & Co., was trying to sell the fleet to British shippers. That deal was abandoned. Therefore, last week, Mr. Morgan and Mr. Steele resumed their I. M. M. directorships, and the White Star Line will continue for the immediate present U. S. owned but British operated.

Bon Ami. For 40 years the chick on the brownish...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!