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Charles W. Morse
Charles Wyman Morse (October 21, 1856 – January 12, 1933) was an American businessman and speculator who committed frauds and engaged in corrupt business practices. At one time he controlled 13 banks. Known as the "Ice King" early in his career out of New York City, through Tammany Hall corruption he established a monopoly in New York's ice business, before buying several shipping companies and moving into high finance. His attempt to manipulate the price of copper-shares set off a wave of selling that developed into the Panic of 1907. Jailed for violating federal banking laws, he faked serious illness and was released. Later he was indicted for war profiteering and fraud. Early life and education Morse was born in Bath, Maine, in 1856, the son of Benjamin Wyman and Anna Eliza Jane (Rodbird) Morse. His father had a large role in the towing business on the Kennebec River. Charles was already involved in the shipping business while a student at Bowdoin College, and at his graduati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bath, Maine
Bath is a city in Sagadahoc County, Maine, in the United States. The population was 8,766 at the 2020 census. It is the county seat of Sagadahoc County, which includes one city and 10 towns. The city is popular with tourists, many drawn by its 19th-century architecture. It is home to the Bath Iron Works and Heritage Days Festival, held annually on the Fourth of July weekend. It is commonly known as "The City of Ships" because of all the sailing ships that were built in the Bath shipyards. Bath is part of the metropolitan statistical area of Greater Portland. History Abenaki Indians called the area Sagadahoc, meaning "mouth of big river". It was a reference to the Kennebec River, which Samuel de Champlain explored in 1605. Popham Colony was established in 1607 downstream, together with Fort St George. The settlement failed due to harsh weather and lack of leadership, but the colonists built the New World's first oceangoing vessel constructed by English shipwrights, the ''Vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hudson River
The Hudson River is a river that flows from north to south primarily through eastern New York. It originates in the Adirondack Mountains of Upstate New York and flows southward through the Hudson Valley to the New York Harbor between New York City and Jersey City, eventually draining into the Atlantic Ocean at Lower New York Bay. The river serves as a political boundary between the states of New Jersey and New York at its southern end. Farther north, it marks local boundaries between several New York counties. The lower half of the river is a tidal estuary, deeper than the body of water into which it flows, occupying the Hudson Fjord, an inlet which formed during the most recent period of North American glaciation, estimated at 26,000 to 13,300 years ago. Even as far north as the city of Troy, the flow of the river changes direction with the tides. The Hudson River runs through the Munsee, Lenape, Mohican, Mohawk, and Haudenosaunee homelands. Prior to European ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Copper
The United Copper Company was a short-lived United States copper mining business in the early 20th century that played a pivotal role in the Panic of 1907. United Copper was incorporated in 1902 by F. Augustus Heinze, a copper magnate who had tussled for years with Amalgamated Copper for lucrative copper mines in Butte, Montana. The firm was incorporated in New Jersey with an authorized capital of US$80,000,000. United Copper combined Heinze interests in The Montana Ore Purchasing Company, The Nipper Consolidated Copper Company, The Minnie Healy Mining Company, The Corra Rock-Island Mining Company, and The Belmont Mining Company. Retrieved on September 16, 2008. Upon consolidation, United Copper was capable of producing about 42 million pounds (19 thousand metric tons) of copper a year, as compared to 143 million pounds (65 thousand metric tons) per year for Amalgamated Copper. United Copper was literally traded " on the curb" outside the New York Stock Exchange (NYSE). "On th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornering The Market
In finance, cornering the market consists of obtaining sufficient control of a particular stock, commodity, or other asset in an attempt to manipulate the market price. One definition of cornering a market is "having the greatest market share in a particular industry without having a monopoly". Companies that have cornered their markets have usually done so in an attempt to gain greater leeway in their decisions; for example, they may desire to charge higher prices for their products without fears of losing too much business. The cornerer hopes to gain control of enough of the supply of the commodity to be able to set the price for it. Strategy and risks Cornering a market can be attempted through several mechanisms. The most direct strategy is to buy a large percentage of the available commodity offered for sale in some spot market and hoard it. With the advent of futures trading, a cornerer may buy a large number of futures contracts on a commodity and then sell them at a profi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consolidated Stock Exchange Of New York
The Consolidated Stock Exchange of New York, also known as the ''New York Consolidated Stock Exchange'' or ''Consolidated'',See ''Brooklyn Daily Eagle'', Saturday, January 13, 1912, p. 18 was a stock exchange in New York City, New York in direct competition to the New York Stock Exchange (NYSE) from 1885–1926. It was formed from the merger of other smaller exchanges, and was referred to in the industry and press as the "Little Board." By its official formation in 1885, its membership of 2403 was considered the second largest membership of any exchange in the United States. History 1875–1900: Background and formation The New York Mining Stock Exchange opened for active business on November 1, 1875 at noon, with John Stanton Jr. as president. Total membership equaled 25. As the exchange expanded, it moved from 24 Pine Street to 32 Pine Street, and then to 18 Broad Street, and finally to the "Bond Room" of the New York Stock Exchange at 16 New Street. The exchange returned to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Russell Thomas
Edward Russell Thomas (December 30, 1875 – July 6, 1926) was an American businessman and sportsman. Early life and education Edward Russell Thomas was born in Columbus, Ohio on December 30, 1875. He was a son of Ann Augusta (née Porter) Thomas (1847–1944) and Union general Samuel Russell Thomas (1840–1903), who left a fortune estimated at $20,000,000. His younger sister, Eleanor Thomas, was married to Robert Livingston Beeckman, who served as the Governor of Rhode Island from 1915 to 1921. He graduated from Yale University in 1894. Career Thomas was a senior member of Thomas & Thomas, a Wall Street firm. In 1904, he acquired the ''New York Morning Telegraph'' from the estate of William Collins Whitney. On October 31, 1905, board vacancies of Consolidated National Bank were filled by E. R. Thomas, O. F. Thomas, Robert Maclay, and George B. Hays, all who were selected by E. R. Thomas. E.R. Thomas sold his interest in the Consolidated National Bank in October 1907, al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercantile National Bank
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other products and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Amsterdam National Bank
New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, 1995 Songs * "New" (Daya song), 2017 * "New" (Paul McCartney song), 2013 * "New" (No Doubt song), 1999 *"new", by Loona from '' Yves'', 2017 *"The New", by Interpol from ''Turn On the Bright Lights'', 2002 Acronyms * Net economic welfare, a proposed macroeconomic indicator * Net explosive weight, also known as net explosive quantity * Network of enlightened Women, a conservative university women's organization * Next Entertainment World, a South Korean film distribution company Identification codes * Nepal Bhasa language ISO 639 language code * New Century Financial Corporation (NYSE stock abbreviation) * Northeast Wrestling, a professional wrestling promotion in the northeastern United States Transport * New Orleans Lakefront Airp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of North America
National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, census-designated place * National, Nevada, ghost town * National, Utah, ghost town * National, West Virginia, unincorporated community Commerce * National (brand), a brand name of electronic goods from Panasonic * National Benzole (or simply known as National), former petrol station chain in the UK, merged with BP * National Car Rental, an American rental car company * National Energy Systems, a former name of Eco Marine Power * National Entertainment Commission, a former name of the Media Rating Council * National Motor Vehicle Company, Indianapolis, Indiana, USA 1900-1924 * National Supermarkets, a defunct American grocery store chain * National String Instrument Corporation, a guitar company formed to manufacture the first resonator gui ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York And Cuba Mail Steamship Company
The New York and Cuba Mail Steamship Company, commonly called the Ward Line, was a shipping company that operated from 1841 until liquidated in 1954. The line operated out of New York City's Piers 15, 16, and 17—land which later became the site of the South Street Seaport and also the Manhattan terminal of the IKEA- Red Hook ferry route. The company’s steamers linked New York City with Nassau, Havana, and Mexican Gulf ports. The company had a good reputation for safety until a series of disasters in the mid-1930s, including the '' SS Morro Castle'' disaster. Soon after, the company changed its name to the Cuba Mail Line. In 1947, the Ward Line name was restored when service was resumed after World War II, but rising fuel prices and competition from airlines caused the company to cease operation in 1954. History The Ward Line evolved from the freight consignment company established by James Otis Ward in New York in 1841. After Ward's death in 1856, his son James Edward Ward to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York, New Haven And Hartford Railroad
The New York, New Haven and Hartford Railroad , commonly known as The Consolidated, or simply as the New Haven, was a railroad that operated in the New England region of the United States from 1872 to December 31, 1968. Founded by the merger of the New York and New Haven Railroad, New York and New Haven and Hartford and New Haven Railroad, Hartford and New Haven railroads, the company had near-total dominance of railroad traffic in Southern New England for the first half of the 20th century. Beginning in the 1890s and accelerating in 1903, New York banker J. P. Morgan sought to monopolize New England transportation by arranging the NH's acquisition of 50 companies, including other railroads and steamship lines, and building a network of electrified trolley lines that provided interurban transportation for all of southern New England. By 1912, the New Haven operated more than of track, with 120,000 employees, and practically monopolized traffic in a wide swath from Boston to New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long Island Sound
Long Island Sound is a marine sound and tidal estuary of the Atlantic Ocean. It lies predominantly between the U.S. state of Connecticut to the north and Long Island in New York to the south. From west to east, the sound stretches from the East River in New York City, along the North Shore of Long Island, to Block Island Sound. A mix of freshwater from tributaries and saltwater from the ocean, Long Island Sound is at its widest point and varies in depth from . Shoreline Major Connecticut cities on the Sound include Stamford, Norwalk, Bridgeport, New Haven, and New London. Cities on the New York side of the Sound include Rye, Glen Cove, New Rochelle, Larchmont and portions of Queens and the Bronx in New York City. Climate and geography The climate of Long Island Sound is warm temperate or Cfa in the Köppen climate classification. Summers are hot and humid often with convective showers and strong sunshine, while the cooler months feature cold temperatures and a mix o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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