'V, June, 19iO ^^ rn • Q "" ' VouHLNo. 1 -• . i Bulletin OF American International Corporation History and Development of New York Shipbuilding- Corporation 120 BROADWAY • NEW YORK I Bulletin of American I?iter7tati(mal Corporation History and Dcve/opmer/t of New York Shipbuilding Corporation > * 3 -»1>>^3 >>,> 3 3 J J ' ' ' ^ J , ' * ^ :» ' ' 1 3 > 120 BROADWAY • NEW YORK Copyright 1920 Amerii-an International Corporation American International Corporation George J. Baldwin Charles A. Coffin William E. Corey Robert Dollar Pierre S. du Pont Philip A. S. Franklin Joseph P. Grace Robert F. Herrick Otto H. Kahn Henry S. Pritchett 'Boiif'J of T)i7'ecfo7's Frank A. Vanderlip, Chairman Charles A. Stone, President Percy A. Rockefeller John D. Ryan William L. Saunders James A. Stillman Guy E. Tripp Edwin S. Webster Albert H. Wiggin Daniel G. Wing Beekman Winthrop William Woodward Officers Charles A. Stone, President George J. Baldwin, Senior Vice-President Matthew C. Brush, Vice-President Philip W. Henry, Vice-President Richard B. Sheridan, Vice-President Thomas W. Streeter, Vice-President Richard P. Tif^stEY, Vice-President Joseph S. Lovering, Treasurer Cecil Page, Secretary American International Corporation, organized by bankers, business men and engineers of the l-nited States, aims First — To establisli friendly commercial relations with all countries of the world ; Second — To participate in the development of such enterprises — domestic or foreign — as will broaden the scope of American activities and lead to a better understanding of international relations; Third — To promote the organization of corporations or associations to bring together foreign and American bankers, business men and engineers, for the transaction of business and the develop- ment of undertakings which will be mutually advantageous. 417951 Underwood & Underwood GEORGE J. BALDWIN FOREWORD AMERICAN International Corporation can best serve the three ^^ purposes which inspired its organization by assisting the mer- chants, bankers and engineers of the United States to meet their competitors of other nations in the marlcets of the world on an independent and competitive basis and thus to develop our country as an active partner in the world's affairs through the operation and ownership of our own ocean transportation facilities. The suc- cessful world trader is usually the one who is best equipped to deliver his products cheaply and quickly at his customer's door. Intensified war production of cargo vessels has placed the United States in a favorable position in the freight-carrying trade of the world, yet along with this development our present ocean transporta- tion lines must be strengthened and more fully equipped by the con- struction of those classes of passenger liners best suited to each of our various trade requirements. New passenger routes must be inaugurated, supplied with suitable vessels and operated in a world service in which both the freighters we have built and the passenger liners we are now building and shall build in the future will play their proportionate parts. Such a passenger service will provide direct interchange of passengers, fast freight and mails with those foreign countries with which we trade and thus tend to overcome the obstacles placed in the way of free trading when negotiations are conducted through the ports and firms of a third country. If we are to hold and increase our foreign commerce, it is essential that our customers be enabled to travel in American steamships operated by us for our mutual benefit and sailing directly to our shores, instead of being compelled to reach our markets through competitive countries. The position which our shipping now holds in the maritime world by reason of the shipbuilding and ship operating facilities created by the war's demands for tonnage marks a new era for the United States on the seas — marks an upturn from the ruinous depres- sion into which our merchant marine declined after the Civil War and during which the foreign commerce of the United States was almost entirely dependent upon the foreign shipbuilder and operator whose first object is always to benefit the trade of his own country. This position is now being subjected to the test of competitive condi- tions of peai[:G.-time workl.tiiade. We can maintain it by constructing and opemtH^g: in: vYOpljci C(?n3petkion those classes of ships which will contribute *m*ds