American Ship and Commerce Corporation

American Ship and Commerce Corporation
Item# 3876

American Ship and Commerce Corporation
In 1920, George Herbert Walker, grandfather of George H. W. Bush and great grandfather of George W. Bush, became the President of the W. A. Harriman & Company investment firm, and quickly arranged the credits that Averell Harriman needed to take control of the Hamburg-Amerika Line, a shipping line between Hamburg and Hoboken, New Jersey. Walker also organized the American Ship and Commerce Corporation to be subsidiary of the W. A. Harriman & Company, with contractual power over the affairs of the Hamburg-Amerika. W. A. Harriman & Company, well-positioned for this enterprise and rich in assets from their German and Russian business, merged with the British-American investment house Brown Brothers & Company on January 1, 1931. Walker retired to his own G. H. Walker & Company, which left the Harriman brothers, his son-in-law Prescott Bush and Thatcher M. Brown as senior partners of the new firm of Brown Brothers Harriman & Company (the London, England based branch continued operating under its historic name Brown, Shipley & Company). Walker was a director of W. A. Harriman & Company; Harriman Fifteen, American International Corporation; Georgian Manganese Corporation; Barnsdall Corporation; American Ship & Commerce Corporation; Union Banking Corporation; G.H. Walker & Company; Missouri Pacific Railroad; Laclede Gas and the New Orleans, Texas and Mexico Railroad.

Certificate: Capital Stock, issued in the 1930s

Printer: American Bank Note Company

Dimensions: 7 1/2 (h) x 11 1/2 (w)

State: DE-Delaware

Subject Matter: Maritime and Related | Shipping Lines

Vignette Topic(s): Allegorical Featured | Ship Featured

Condition: Vertical fold lines, punch hole and stamp cancels in the signature areas and body, toning and edge faults from age (particularly along the top border).

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