In 1902 the late great John Pierpont Morgan formed a shipping combine which was to make the U. S. flag supreme on the seven seas. It was one of his several great mistakes. At first he contemplated joining all foreign lines into one. great service. Although he failed to do this, he purchased the famed British White Star Line for his new International Mercantile Marine Co. In Britain, public opinion flared up against this attempt to wrest away supremacy of the seas. But big shippingmen took the...
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