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White
Star Line was first founded in Liverpool in 1850 by, John Pilkington
and Henry Threlfall Wilson.
It was a sound company, but the original ships known as clipper
ships eventually became water soaked, overstrained and slow.
They just needed a plan to meet modern day requirements.
White Star Line was sold in 1867 to business partners Sir Edward
Harland and Thomas Henry Ismay. Their intent was to build faster,
longer lasting iron ships and continue in the shipping trade market.
A good relationship was soon formed between White Star and the reputable
Belfast shipbuilders, Harland and Wolff.
Harland and Wolff would build the ships to their own specifications,
sparing no expense, they would then tack on a fixed percentage to
the building cost to constitute their fee.
Further agreement stated that Harland and Wolff would never build
a ship for any of White Star's competitors, and at the same time
White Star would never contract a rival shipbuilder.
In 1869 Thomas Ismay created the Oceanic Stream Navigation company
that would open trade to the Atlantic.
The creation of the Teutonic won the ship and White Star the Blue
Ribband award for setting a speed record, crossing the Atlantic.
This was the incentive that Ismay needed to expand his company.
Competition arose ands all eyes were focused on White Star. Many
people believed that White Stars greatest triumph was the Oceanic.
The first class accommodations were placed amidships unlike other
ships that had them placed at the stern where engine noise and vibration
were present. A grand dining saloon was added, with promenades on
deck. It also featured running water and electricity in the passenger
cabins.
In 1985 Sir Edward Harland passed away, shortly followed by Thomas
Dismay who died in 1899. John Bruce Ismay succeed his fathers position
with in the company.
With a new owner a new partnership would take place - between
Bruce Ismay and the new Harland and Wolff chairman, Lord W.J. Pirrie.
By the early 1900's, the shipping companies were in a state of
a vicious rate war which was hurting all parties involved. American
financier and multi-millionaire John Pierpont Morgan, saw this as
a tremendous opportunity to expand his capital. Morgan was a railroad,
coal and steel magnate and decided to turn his interest to the Atlantic
shipping trade. Morgan decided to buy up all these rival shipping
companies and place them under one controlling trust with fixed
shipping prices. He called this trust the International Mercantile
Marine, or IMM.
The British shipping companies considered this a definite threat
to their business, and the formation of IMM inspired the Cunard
line to make a move, and fast. Hence the birth of Cunard's greatest
achievements, the Lusitania and the Mauritania. These two ships
would be the largest and fastest ships the world had ever seen.
The Lusitania quickly grabbed the famed Blue Ribband award for
setting a transatlantic crossing speed record. These ships played
a vital role in convincing Cunard's rival White Star Line to accept
Morgan's buyout proposal, especially when he offered them 10 times
the shipping line's earnings for the year 1900. An additional agreement
by the Morgan trust said that the White Star ships would remain
reserves for the British Navy and could be requisitioned by the
Admiralty in case the need arose. A smart inclusion to the deal,
with England but a few years from entering the Great War.
In 1902 the deal had been made final. Ismay would remain managing
director and chairman of White Star. Morgan later convinced him
to assume the presidency of IMM. This meant that his company would
build all of the ships for all of the individual lines that fell
under the IMM trust, and under the same agreement that had existed
before.
Ismay and Pirrie decided that something was going to have to be
done about the competition that was begining to hold a threat for
them.
After meeting one night for dinner in 1907, Ismay and Pirrie came
up with an idea of building two twin leviathans that would be even
larger than the Cunard ships, enabling them to carry more passengers
and freight. As well, these ships that would feature the last word
in luxury rather than speed. A third ship was to later join this
special group called the "Olympic Class Liners." In fact
the first ship would be named Olympic. The second ship would be
named Titanic and the third, Gigantic. Gigantic was later renamed
to Britannic in remembrance to the Titanic disaster.
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