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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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Archibald H
Archibald is a masculine given name, composed of the Germanic elements '' erchan'' (with an original meaning of "genuine" or "precious") and ''bald'' meaning "bold". Medieval forms include Old High German and Anglo-Saxon . Erkanbald, bishop of Strasbourg (d. 991) was also rendered in Old French. There is also a secondary association of its first element with the Greek prefix '' archi-'' meaning "chief, master", to Norman England in the high medieval period. The form ''Archibald'' became particularly popular among Scottish nobility in the later medieval to early modern periods, whence usage as a surname is derived by the 18th century, found especially in Scotland and later Nova Scotia. Given name English diminutives or hypocorisms include ''Arch, Archy, Archie, and Baldie (nickname)''. Variants include French ''Archambault, Archaimbaud, Archenbaud, Archimbaud'', Italian ''Archimboldo, Arcimbaldo, Arcimboldo'', Portuguese '' Arquibaldo, Arquimbaldo'' and Spanish ''Archibald ...
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Oerlikon 20 Mm Cannon
The Oerlikon 20 mm cannon is a series of autocannons, based on an original German Becker Type M2 20 mm cannon design that appeared very early in World War I. It was widely produced by Oerlikon Contraves and others, with various models employed by both Allied and Axis forces during World War II. Many versions of the cannon are still used today. Blowback-operated models History Origins During World War I, the German industrialist Reinhold Becker developed a 20 mm caliber cannon, known now as the 20 mm Becker using the advanced primer ignition blowback (API blowback) method of operation. This used a 20×70mmRB cartridge and had a cyclic rate of fire of 300 rpm. It was used on a limited scale as an aircraft gun on ''Luftstreitkräfte'' warplanes, and an anti-aircraft gun towards the end of that war. Because the Treaty of Versailles banned further production of such weapons in Germany, the patents and design works were transferred in 1919 to the Swiss firm SEMAG (''Seeba ...
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United States Navy Armed Guard
United States Navy Armed Guard units were established during World War II and headquartered in New Orleans.World War II U.S. Navy Armed Guard and World War II U.S. Merchant Marine, 2007-2014 Project Liberty Ship, Project Liberty Ship, P.O. Box 25846 Highlandtown Station, Baltimore, M/ref> The purpose of the guard was to man the deck guns of merchant ships to provide a nominal defense against attack. This was to counter the constant danger presented by enemy submarines, surface raiders, fighter aircraft and bombers. There was a shortage of escort vessels to provide the merchant vessels with adequate protection. The NAG had three training centers, at Norfolk, Virginia; San Diego, California; and Gulfport, Mississippi. At the end of the war, there were 144,857 men serving in the Navy Armed Guard on 6,200 ships.Armed Guard - Sea Lane Vigilantes, Project Liberty Ship, 201/ref> Unit composition The United States Navy Armed Guard (USNAG) were U.S. Navy gun crews consisting o ...
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US Navy
The United States Navy (USN) is the maritime service branch of the United States Armed Forces and one of the eight uniformed services of the United States. It is the largest and most powerful navy in the world, with the estimated tonnage of its active battle fleet alone exceeding the next 13 navies combined, including 11 allies or partner nations of the United States as of 2015. It has the highest combined battle fleet tonnage (4,635,628 tonnes as of 2019) and the world's largest aircraft carrier fleet, with eleven in service, two new carriers under construction, and five other carriers planned. With 336,978 personnel on active duty and 101,583 in the Ready Reserve, the United States Navy is the third largest of the United States military service branches in terms of personnel. It has 290 deployable combat vessels and more than 2,623 operational aircraft . The United States Navy traces its origins to the Continental Navy, which was established during the American Revolut ...
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Liberty Ship
Liberty ships were a class of cargo ship built in the United States during World War II under the Emergency Shipbuilding Program. Though British in concept, the design was adopted by the United States for its simple, low-cost construction. Mass-produced on an unprecedented scale, the Liberty ship came to symbolize U.S. wartime industrial output. The class was developed to meet British orders for transports to replace ships that had been lost. Eighteen American shipyards built 2,710 Liberty ships between 1941 and 1945 (an average of three ships every two days), easily the largest number of ships ever produced to a single design. Their production mirrored (albeit on a much larger scale) the manufacture of "Hog Islander" and similar standardized ship types during World War I. The immensity of the effort, the number of ships built, the role of female workers in their construction, and the survival of some far longer than their original five-year design life combine to make them th ...
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Victory Ship
The Victory ship was a class of cargo ship produced in large numbers by North American shipyards during World War II to replace losses caused by German submarines. They were a more modern design compared to the earlier Liberty ship, were slightly larger and had more powerful steam turbine engines giving higher speed to allow participation in high speed convoys and make them more difficult targets for German U-boats. A total of 531 Victory ships were built in between 1944 and 1946. VC2 design One of the first acts of the United States War Shipping Administration upon its formation in February 1942 was to commission the design of what came to be known as the Victory class. Initially designated EC2-S-AP1, where EC2 = Emergency Cargo, type 2 (Load Waterline Length between ), S = steam propulsion with AP1 = one aft propeller (EC2-S-C1 had been the designation of the Liberty ship design), it was changed to VC2-S-AP1 before the name "Victory Ship" was officially adopted on 28 Apr ...
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War Shipping Administration
The War Shipping Administration (WSA) was a World War II emergency war agency of the US government, tasked to purchase and operate the civilian shipping tonnage the United States needed for fighting the war. Both shipbuilding under the Maritime Commission and ship allocation under the WSA to Army, Navy or civilian needs were closely coordinated though Vice Admiral Emory S. Land who continued as head of the Maritime Commission while also heading the WSA. Establishment A shortage of vessels further complicated by requirements to take vessels out of service for conversion and armament was of concern at the highest levels, including the President. Particular concern that available shipping would not be used effectively led to his establishment immediately on the nation's active entry into the war of the Strategic Shipping Board composed of the Chairman of the Maritime Commission, Army Chief of Staff, Chief of Naval Operations and Mr. Harry Hopkins reporting directly to the President ...
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Maritime Commission
The United States Maritime Commission (MARCOM) was an independent executive agency of the U.S. federal government that was created by the Merchant Marine Act of 1936, which was passed by Congress on June 29, 1936, and was abolished on May 24, 1950. The commission replaced the United States Shipping Board which had existed since World War I. It was intended to formulate a merchant shipbuilding program to design and build five hundred modern merchant cargo ships to replace the World War I vintage vessels that comprised the bulk of the United States Merchant Marine, and to administer a subsidy system authorized by the Act to offset the cost differential between building in the U.S. and operating ships under the American flag. It also formed the United States Maritime Service for the training of seagoing ship's officers to man the new fleet. As a symbol of the rebirth of the U.S. Merchant Marine and Merchant Shipbuilding under the Merchant Marine Act, the first vessel contracted for ...
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Chartering (shipping)
Chartering is an activity within the Maritime transport, shipping industry whereby a ship-owner, shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French ''"charte partie"'', or "parted document"). The three main types of charter are: demise charter, voyage charter, and time charter. The charterer In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate. Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers) or alternatively may be expressed in terms of a total sum - normally in U.S. dollars - per day for the agreed duration of the charter. A charterer may also be a party without a cargo who takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire r ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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