Business & Finance: Sea Change

The corridors of the Cannon Street Hotel in London are not accustomed to the mixed contents which one day last week filled them to overflowing. There were gentlemen in morning coats, grim-eyed widows and doddering old men. All of them displayed a pressing desire to get into a certain large room where Britain's right financially reverend Sir Josiah Charles Stamp sat at a table. All or nearly all had a right to enter, being preference shareholders of the White Star Line. At length Sir Josiah called the packed room to order and presented to...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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