Immediately following this came the consolidation of ownership, or merger, of the principal British-American lines, in one great corporation, a majority of the stock of which is held by Americans.
"American Merchant Ships and Sailors"
Willis J. Abbot
Despite their ownership on this side of the water, these ships will still fly the British flag, and a part of the contract of merger is that a British shipyard shall for ten years build all new vessels needed by the consolidated lines this situation will persist.
"American Merchant Ships and Sailors"
Willis J. Abbot