1. Morgan did not "own" IMM, although J. P. Morgan & Co. effectively controlled it through the mechanism of the Voting Trust. 2. IMM had a net profit of over $4.5 million in 1911. It was not at the time of Titanic's sinking in "serious financial trouble." Source: IMM 1911 annual report.Just remember White Star Line is owned by Mr JP Morgan who is a very demanding man and his IMMC is in serious finical trouble.
Did Titanic crew or passengers report seeing any ice before the berg they struck? I don't remember. I did a quick search and didn't find anything. Its been a long time since I read the Inquiries. Guess I need to re-read them.
Evasive response. You were asked "What source material(s) are you using?"
Please be so kind as to answer the question.
Pressure is mounting not just for Smith but also for B Ismay too. Morgan is not a man to listen to excuses. To achieve his ambitious like a true banker he was, it’s all about profits and margins.
Titanic is late on delivery and over spent on budget too? Titanic only 53% full of passengers. Ismay as a business man knows the crossing will be a lost making just adding to his problems!
The Olympic is a financial disaster in her first year…cost of repairs over £125,000 and the lose three returning crossing revenue.
I see with the Titanic late on delivery and over budget has turn into a pressure pot without a safety valve. Pressure is mounting not just for Smith but also for B Ismay too. Morgan is not a man to listen to excuses. To achieve his ambitious like a true banker he was, it’s all about profits and margins..
Mr JP MORGAN.
He is the one who arranged the finical arrangement to build the two new ships Olympic and Titanic.