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Having regained control of the ATC, Vanderbilt approached the Pacific Mail Steamship Company and the United States Mail Steamship Company, [1] which operated routes across Panama, and offered to stop running the Nicaragua route in return for a $40,000 monthly stipend. The companies accepted this offer, and a year later increased the stipend to ...
USS Vanderbilt was a heavy (3,360-ton) passenger steamship obtained by the Union Navy during the second year of the American Civil War and utilized as a cruiser.. Vanderbilt—with her high speed of 14 knots—was outfitted with a large battery of heavy guns and sent out on the high seas in a futile search for commerce raiders of the Confederate States of America which were inflicting serious ...
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. [1] [2] After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the ...
The Vanderbilt ships undercut the Pacific Mail Steamship Company's rates and took business away from it. Through a complicated series of transactions involving ships in both oceans, Vanderbilt sold his San Francisco-Panama business. including Orizaba , to the Pacific Mail Steamship Company for a combination of stock and cash, in June 1860.
Director was a wooden, side-wheel steamship built in 1850 specifically for the river and lake portions of Cornelius Vanderbilt's trans-Nicaragua shipping route. She was the first steam vessel to sail on Lake Nicaragua. She was not only significantly profitable for Vanderbilt, but having proved the transcontinental route viable, changed both ...
Vanderbilt used the proceeds from the sale to Champion and Nimrod, vessels launched in August 1834. [13] Even more confusingly, steamship historian Edwin Dunbaugh says Vanderbilt purchased, but did not build, the Champion and Nimrod. [14] Whoever the owner of the Westchester was, Drew was in charge of its operations. He began running the ship ...
Pacific Mail Steamship Company ship operating from Panama City in 1864 when it was the target of a Confederate Navy attempt to seize it. SS Colorado (1864–1878): Built for the Pacific Mail Steamship Company, launched on May 21, 1864 and sailed from New York for San Francisco on April 1, 1865 with calls at Rio de Janeiro, Callao and Panama ...
She was sold to the New Jersey Steamship Navigation and Transportation Company in December 1838 for around US$60,000. From 1835 to 1840, the Lexington was the fastest vessel en route from New York City to Boston.