Agwilines Inc.
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Agwilines Inc.
Agwilines Inc was a passenger and cargo shipping company of New York City. Agwilines is short for Atlantic, Gulf & West Indies Steamship Inc. AGWI Lines group operated four main lines in the 1910s, 1920s and 1930s: *Ward Line *Clyde Steamship Company, Clyde line * Mallory Line * Porto Rico Line * Later the Clyde-Mallory Lines Agwilines Inc had offices in: New York, Philadelphia, Boston, Chicago, and Washington and was founded in 1908. In 1949, Graham-Newman Corporation (1926–1956), an investment corporation, purchased 70,000 shares of Agwilines Inc to become the controlling interest. Graham-Newman Corporation was founded by Benjamin Graham and Jerome Newm in 1926. Mallory Line Mallory Line, also called New York & Texas Steamship Company of New York City was founded in 1866 and closed in 1932. Mallory Line was an early family-owned passenger line, started by Charles Henry Mallory ''C. H. Mallory'' (1818–1890), in the coastwise trade. Mallory established C.H. Mallory & C ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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