The New York Times
The New York Times is an American daily newspaper and continuously published in New York City since September 18,1851, by The New York Times Company. The New York Times has won 119 Pulitzer Prizes, more than any other newspaper, the papers print version in 2013 had the second-largest circulation, behind The Wall Street Journal, and the largest circulation among the metropolitan newspapers in the US. The New York Times is ranked 18th in the world by circulation, following industry trends, its weekday circulation had fallen in 2009 to fewer than one million. Nicknamed The Gray Lady, The New York Times has long been regarded within the industry as a newspaper of record. The New York Times international version, formerly the International Herald Tribune, is now called the New York Times International Edition, the papers motto, All the News Thats Fit to Print, appears in the upper left-hand corner of the front page. On Sunday, The New York Times is supplemented by the Sunday Review, The New York Times Book Review, The New York Times Magazine and T, some other early investors of the company were Edwin B.
Morgan and Edward B. We do not believe that everything in Society is either right or exactly wrong, —what is good we desire to preserve and improve, —what is evil, to exterminate. In 1852, the started a western division, The Times of California that arrived whenever a mail boat got to California. However, when local California newspapers came into prominence, the effort failed, the newspaper shortened its name to The New-York Times in 1857. It dropped the hyphen in the city name in the 1890s, One of the earliest public controversies it was involved with was the Mortara Affair, the subject of twenty editorials it published alone. At Newspaper Row, across from City Hall, Henry Raymond and editor of The New York Times, averted the rioters with Gatling guns, in 1869, Raymond died, and George Jones took over as publisher. Tweed offered The New York Times five million dollars to not publish the story, in the 1880s, The New York Times transitioned gradually from editorially supporting Republican Party candidates to becoming more politically independent and analytical.
In 1884, the paper supported Democrat Grover Cleveland in his first presidential campaign, while this move cost The New York Times readership among its more progressive and Republican readers, the paper eventually regained most of its lost ground within a few years. However, the newspaper was financially crippled by the Panic of 1893, the paper slowly acquired a reputation for even-handedness and accurate modern reporting, especially by the 1890s under the guidance of Ochs. Under Ochs guidance and expanding upon the Henry Raymond tradition, The New York Times achieved international scope, circulation, in 1910, the first air delivery of The New York Times to Philadelphia began. The New York Times first trans-Atlantic delivery by air to London occurred in 1919 by dirigible, airplane Edition was sent by plane to Chicago so it could be in the hands of Republican convention delegates by evening. In the 1940s, the extended its breadth and reach. The crossword began appearing regularly in 1942, and the section in 1946
In the antebellum South, most cotton planters relied on cotton factors to sell their crops for them. At the same time, the port of New Orleans exported the most cotton, Cotton factors frequently purchased goods for their clients, and even handled shipment of those goods to the clients, among other services. As one source notes, The factor was a man of business in an agrarian society who performed many different services for the planter in addition to selling his crops. Not all factors in the antebellum South were cotton factors, some were factors of other commodities, in 1858, for example, New Orleans boasted sixty-three sugar and molasses factors, but it probably had an even greater number of cotton factors. Factor Mobile Cotton Exchange New Orleans Cotton Exchange Edmund Richardson
William Collins Whitney
William Collins Whitney was an American political leader and financier and a prominent descendant of the John Whitney family. He served as Secretary of the Navy in the first administration of President Grover Cleveland from 1885 through 1889, a conservative reformer, he was considered a Bourbon Democrat. William Whitney was born at Conway, Massachusetts, of Puritan stock, the family were descended from John Whitney of London, who settled at Watertown, Massachusetts, in 1635. William Whitneys father was Brigadier General James Scollay Whitney, his mother and his sister Laurinda Collins Lily Whitney married Charles T. Barney, who became the president of the Knickerbocker Trust Company. Another sister, Susan Collins Whitney, married attorney Henry F. Dimock, educated at Williston Seminary, Massachusetts, Whitney was graduated from Yale University in 1863, where he was a member of Skull and Bones, and studied law at Harvard. He left in 1864 to study law with Abraham R. Lawrence in New York City, Whitney was active in organizing the Young Mens Democratic Club in 1871.
He was an opponent of the Tweed Ring, and was actively allied with the anti-Tammany County Democracy of 1871-1890. In 1872, he was inspector of schools, but the same year met defeat in the election for district attorney. In 1882, he resigned to attend to personal interests, in 1883, through the Broadway Railroad Company, Whitney became involved in a struggle with Jacob Sharp and Thomas Fortune Ryan for the Broadway street-railway franchise. Sharp initially won the franchise by means of bribery, but in December 1884 Ryan formed an alliance with Whitney, by arousing public opinion, instituting court action, and prompting legislative investigation, they defeated Sharp. The Ryan syndicate finally received the franchise in 1886, during President Clevelands first administration, Whitney was United States Secretary of the Navy, and did much to develop the United States Navy. Whitney promoted the adoption by industry of the technology needed for the construction of steamships and modern naval guns.
He reorganized the finances and logistics of the Navy Department and these constituted the nucleus of the New Navy During Whitneys four years in the cabinet, his home in Washington, D. C. was a social center of great attraction. In 1888, Yale conferred upon him the degree of LL. D. Whitney joined Charles T. Barney, Henry F. Dimock, Francis W. Jenks, and others in forming the New York Loan and Improvement Company in 1890. This concern developed the Washington Heights section of New York City, Barney was president of the company when he died in 1907, three years after Whitney. In opposition to Tammany, Whitney was instrumental in bringing about the nomination of Cleveland in 1892. Other early investors included Henry F. Dimock, Almeric H. Paget, in the next general election, in 1896, disapproving of the free-silver agitation, Whitney refused to support his partys candidate, William Jennings Bryan
When they transfer funds to another institution it may be characterised as a capital flight. As a bank run progresses, it generates its own momentum, as more people withdraw cash and this can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. A systemic banking crisis is one where all or almost all of the capital in a country is wiped out. The resulting chain of bankruptcies can cause an economic recession as domestic businesses. According to former U. S. Federal Reserve chairman Ben Bernanke, the Great Depression was caused by the Federal Reserve System, and much of the economic damage was caused directly by bank runs. The cost of cleaning up a banking crisis can be huge, with fiscal costs averaging 13% of GDP. Several techniques have been used to try to prevent bank runs or mitigate their effects. S, Federal Deposit Insurance Corporation, and after a run has started, a temporary suspension of withdrawals. These techniques do not always work, for example, even with deposit insurance, Bank runs first appeared as part of cycles of credit expansion and its subsequent contraction.
In the 16th century onwards, English goldsmiths issuing promissory notes suffered severe failures due to bad harvests, plummeting parts of the country into famine and unrest. Other examples are the Dutch Tulip manias, the British South Sea Bubble, the French Mississippi Company, the post-Napoleonic depression, Bank runs have been used to blackmail individuals or governments. In 1832, for example, the British government under the Duke of Wellington overturned a majority government on the orders of the king, William IV, to prevent reform. Wellesleys actions angered reformers, and they threatened a run on the banks under the rallying cry Stop the Duke, many of the recessions in the United States were caused by banking panics. The Great Depression contained several banking crises consisting of runs on multiple banks from 1929 to 1933, in December, New York City experienced massive bank runs that were contained to the many branches of a single bank. Philadelphia was hit a week by bank runs that affected several banks, but were contained by quick action by the leading city banks.
Withdrawals became worse after financial conglomerates in New York and Los Angeles failed in prominently-covered scandals, much of the US Depressions economic damage was caused directly by bank runs, though Canada had no bank runs during this same era due to different banking regulations. Bank runs continued to plague the United States for the several years. City-wide runs hit Boston, Toledo, and St. Louis, among others. Institutions put into place during the Depression have prevented runs on U. S. commercial banks since the 1930s, even under such as the U. S. savings
McKim, Mead & White
McKim, Mead & White was a prominent American architectural firm that thrived at the turn of the twentieth century. The firms founding partners were Charles Follen McKim, William Rutherford Mead and they hired many other architects, associates and draftsmen, who came to prominence during or after their time at the firm. The firms New York City buildings include Manhattans former Pennsylvania Station, the Brooklyn Museum, elsewhere in New York State and New England, the firm designed college, library and other buildings such as the Boston Public Library and Rhode Island State House. In Washington, D. C. the firm renovated the West and East Wings of the White House, and designed Roosevelt Hall on Fort Lesley J. McNair and the National Museum of American History. Across the United States, the firm designed buildings in Illinois, Ohio, Tennessee, other examples are in Canada and Italy. McKim and Mead joined forces in 1872 and they were joined in 1879 by White, like McKim, had worked for architect Henry Hobson Richardson.
Its vision was to clean up the confusion of American cities and imbue them with a sense of order. The firm retained its name long after the deaths of founding partners White, McKim, among the firms final works under the name McKim, Mead & White was the National Museum of American History in Washington, D. C. Designed primarily by partner James Kellum Smith, it opened in 1964, Smith died in 1961, and the firm was soon renamed Steinmann and White. In 1971, it became Walker O. Cain and Associates, lewis Colt Albro – who formed a partnership with Harrie T. Lindeberg from 1906 to 1914. Henry Bacon – worked at the firm from about 1886 through 1897, boring – worked at the firm in 1890 before forming a separate partnership with Edward Lippincott Tilton. Page Brown - worked with the beginning in the 1880s, went to California. Walker O. Cain – worked at the firm, he took it over in 1961, john Merven Carrère – worked with McKim, Mead & White from 1883 through 1885, joined Thomas Hastings to form the firm Carrère and Hastings.
Arthur Loomis Harmon – of Shreve and Harmon, Thomas Hastings – of Carrère and Hastings, worked with McKim, Mead & White from 1883 through 1885. William Mitchell Kendall, worked with the firm from 1882 until his death, Harrie T. Lindeberg – started at the firm in 1895 as an assistant to Stanford White and remained with the firm until Whites death in 1906. Austin W. James Kellum Smith – a member of the firm from 1924 to 1961, full partner in 1929, and he primarily designed academic buildings, but his last major work was the National Museum of American History. Egerton Swartwout of Tracy and Swartwout – both Tracy and Swartwout worked together for the firm on multiple projects prior to starting their own practice, robert von Ezdorf – took over much of the firms business after Whites death. William M. Wells – worked as firms first Chief Draftsman from 1879–90, often considered to be the fourth partner
Wells Fargo & Company is an American international banking and financial services holding company headquartered in San Francisco, with hubquarters throughout the country. It is the worlds second-largest bank by market capitalization and the third largest bank in the U. S. by assets, Wells Fargo surpassed Citigroup Inc. to become the third-largest U. S. bank by assets at the end of 2015. Wells Fargo is the second-largest bank in deposits, home mortgage servicing, the firms primary U. S. operating subsidiary is national bank Wells Fargo Bank, N. A. which designates its main office as Sioux Falls, South Dakota. In 2016, Wells Fargo ranked 7th on the Forbes Magazine Global 2000 list of largest public companies in the world, in 2015, the company was ranked the 22nd most admired company in the world, and the 7th most respected company in the world. As of October 2015, the company had a rating of AA−. However, for a period in 2007, the company was the only AAA-rated bank. Along with JPMorgan Chase, Bank of America, and Citigroup, as of December 31,2015, it had 8,700 retail branches and 13,000 automated teller machines.
The company operates across 35 countries and has over 70 million customers globally, in February 2014, Wells Fargo was named the worlds most valuable bank brand for the second year running in The Banker and Brand Finance study of the top 500 banking brands. In December 2016, following the scandal, the company amended its by-laws to separate the roles of chairman, in January 2017, it emerged that Wells Fargo had kept its talks with the U. S. Consumer Financial Protection Bureau about the fake account investigation silent from shareholders for up to six months beginning as early as March 2016. A regulatory filing by Wells Fargo revealed in November 2016 that it was under investigation by the U. S. Securities and Exchange Commission in relation to its accounts sales practices. Also in November 2016, three U. S. senators alleged that Wells Fargos sales scandal had extended from retail bankers to its employees. Wells Fargo delineates three different business segments when reporting results, Community Banking, Wholesale Banking, and Wealth, the Community Banking segment includes Regional Banking, Diversified Products, and the Consumer Deposits groups, as well as Wells Fargo Customer Connection.
Wells Fargo has around 2,000 stand-alone mortgage branches throughout the country, in March 2017, Wells Fargo announced a plan to offer smartphone-based transactions with mobile wallets including Wells Fargo Wallet, Android Pay and Samsung Pay. Wells Fargo Home Mortgage is the largest retail mortgage lender in the United States, as of Q32011, originating one out of every four home loans. Wells Fargo services $1.8 trillion in home mortgages, the 2nd largest servicing portfolio in the U. S. Now, in 2013 its share is closer to 22%, of which eight percentage points is aggregation. Wells Fargo private student loans are available to students to pay for college expenses, such as, books, computers. Loans are available for undergraduate and community colleges, graduate school, law school, Wells Fargo provides private student loan consolidation and student loans for parents
Cleveland is a city in the U. S. state of Ohio and the county seat of Cuyahoga County, the states second most populous county. The city proper has a population of 388,072, making Cleveland the 51st largest city in the United States, Greater Cleveland ranked as the 32nd largest metropolitan area in the United States, with 2,055,612 people in 2016. The city is the center of the Cleveland–Akron–Canton Combined Statistical Area, the city is located on the southern shore of Lake Erie, approximately 60 miles west of the Pennsylvania border. Clevelands economy has diversified sectors that include manufacturing, financial services, Cleveland is home to the Rock and Roll Hall of Fame. Residents of Cleveland are called Clevelanders, Cleveland has many nicknames, the oldest of which in contemporary use being The Forest City. Cleaveland oversaw the plan for what would become the downtown area, centered on Public Square, before returning home. The first settler in Cleaveland was Lorenzo Carter, who built a cabin on the banks of the Cuyahoga River, the Village of Cleaveland was incorporated on December 23,1814.
In spite of the swampy lowlands and harsh winters, its waterfront location proved to be an advantage. The area began rapid growth after the 1832 completion of the Ohio, growth continued with added railroad links. Cleveland incorporated as a city in 1836, in 1836, the city, located only on the eastern banks of the Cuyahoga River, nearly erupted into open warfare with neighboring Ohio City over a bridge connecting the two. Ohio City remained an independent municipality until its annexation by Cleveland in 1854, the citys prime geographic location as a transportation hub on the Great Lakes has played an important role in its development as a commercial center. Cleveland serves as a point for iron ore shipped from Minnesota. In 1870, John D. Rockefeller founded Standard Oil in Cleveland, other manufacturers located in Cleveland produced steam-powered cars, which included White and Gaeth, as well as the electric car company Baker. Because of the significant growth, Cleveland was known as the Sixth City during this period, by 1920, due in large part to the citys economic prosperity, Cleveland became the nations fifth largest city.
The city counted Progressive Era politicians such as the populist Mayor Tom L. Johnson among its leaders, many prominent Clevelanders from this era are buried in the historic Lake View Cemetery, including President James A. Garfield, and John D. Rockefeller. In commemoration of the centennial of Clevelands incorporation as a city, conceived as a way to energize a city after the Great Depression, it drew four million visitors in its first season, and seven million by the end of its second and final season in September 1937. The exposition was housed on grounds that are now used by the Great Lakes Science Center, following World War II, the city experienced a prosperous economy. In sports, the Indians won the 1948 World Series, the hockey Barons became champions of the American Hockey League, as a result, along with track and boxing champions produced, Cleveland was dubbed City of Champions in sports at this time
National Bank of Commerce (Kansas City)
The National Bank of Commerce was a U. S. bank of the late 19th and early 20th centuries. It first chartered as the Kansas City Savings Bank in 1865, after a controlling interest was acquired by Dr. The National Bank of Commerce was the principal correspondent bank for bank clearings in the area southwest of Chicago, because of this role, Commerce was at one point among the 20 largest banks in the United States, as measured by assets. The bank paid out its depositors in full and after recapitalization was returned to its previous owners, the National Bank of Commerce was merged into the Commerce Trust Company, which became Commerce Bank of Kansas City, now part of Commerce Bancshares
Harry Payne Whitney
Harry Payne Whitney was an American businessman, thoroughbred horse breeder, and member of the prominent Whitney family. Harry Payne Whitney was born on April 29,1872 in New York City, he was the eldest son of Flora Payne, the very wealthy businessman and United States Secretary of the Navy. Harry was the brother of William Payne Whitney. Harry Payne Whitney studied at Groton School in Groton, Massachusetts attended Yale University and he was a member of the Skull and Bones. In 1904, after the death of his father, he inherited $24,000,000, an avid sportsman, he was a ten-goal polo player. Whitney Field polo field near Saratoga Springs, New York is named for him and he was a board member of the Montauk Yacht Club and competed with his yacht Vanitie in the Americas Cup. Whitney served on the board of directors of the Long Island Motor Parkway, built by his wifes cousin, Whitney enjoyed quail hunting and purchased the 14, 000-acre Foshalee Plantation in northern Leon County, Florida from Sydney E.
Hutchinson of Philadelphia, Pennsylvania. Whitney was a figure in thoroughbred horse racing. He was thoroughbred racings leading owner of the year in the United States on eight occasions and his leading sire was first Hamburg and the great sire Broomstick, by Ben Brush. His Kentucky-bred horse Whisk Broom II raced in England, at age six came back to the U. S. where he won the New York Handicap Triple and he owned Upset, who gave Man o War the only loss of his career. Whitney had nineteen horses who ran in the Kentucky Derby, winning it the first time in 1915 with another Broomstick foal, Regret went on to earn Horse of the Year honors and was named to the National Museum of Racing and Hall of Fame. Whitney won the Kentucky Derby for the time in 1927 with the colt Whiskery. His record of six wins in the Preakness Stakes stood as the most by any breeder until 1968 when Calumet Farm broke the record, Whitneys colt Burgomaster won the 1906 Belmont Stakes and received Horse of the Year honors. Amongst many, Whitneys breeding operation produced Equipoise and Johren, Whitneys stable won the following prestigious U. S. V.
Whitney, who owned it until 1989 when it became part of Gainesway Farm, on August 25,1896 he married Gertrude Vanderbilt, a member of the wealthy Vanderbilt family. They had an estate in Westbury, Long Island. Together, they had three children, Flora Payne Whitney Cornelius Vanderbilt Whitney Barbara Whitney, Harry Whitney died in 1930 at age fifty-eight. He and his wife are interred in the Woodlawn Cemetery, The Bronx, TIME magazine reported that at the time of his death, Harry Payne Whitneys estate was appraised by New York State for tax collection purposes at $62,808,000 net
Harlem is a large neighborhood in the northern section of the New York City borough of Manhattan. Since the 1920s, Harlem has been known as a major African-American residential, originally a Dutch village, formally organized in 1658, it is named after the city of Haarlem in the Netherlands. Harlems history has been defined by a series of economic boom-and-bust cycles, African-American residents began to arrive by a lot in 1905, with numbers fed by the Great Migration. In the 1920s and 1930s, Central and West Harlem were the focus of the Harlem Renaissance, with job losses in the time of the Great Depression and the deindustrialization of New York City after World War II, rates of crime and poverty increased significantly. Harlems African-American population peaked in the 1950s, in the second half of the 20th century, Harlem became a major hub of African-American businesses. In 2008, the United States Census found that for the first time since the 1930s, less than half of residents were black, since New York Citys revival in the late 20th century, long-time residents of Harlem have been experiencing the effects of gentrification and new wealth.
Harlem is located in Upper Manhattan, often referred to as Uptown by locals. Central Harlem is bounded by Fifth Avenue on the east, Central Park on the south, Morningside Park, St. Nicholas Avenue and Edgecombe Avenue on the west, and the Harlem River on the north. A chain of three large linear parks—Morningside Park, St. Nicholas Park and Jackie Robinson Park—are situated on steeply rising banks, on the east, Fifth Avenue and Marcus Garvey Park, known as Mount Morris Park, separate this area from East Harlem. The bulk of the falls under Manhattan Community Board No.10. In the late 2000s, South Harlem, emerged from area redevelopment, the West Harlem neighborhoods of Manhattanville and Hamilton Heights comprise part of Manhattan Community Board No.9. The two neighborhoods area is bounded by Cathedral Parkway on the South, 155th Street on the North, nicholas/Bradhurst/Edgecome Avenues on the East, and Riverside Park/the Hudson River on the west. Morningside Heights is located in the southern most section of West Harlem, Manhattanville begins at roughly 123rd Street and extends northward to 135th Street.
The northern most section of West Harlem is Hamilton Heights, the New York City Police Department patrols six precincts located within Harlem. The New York City Fire Department operates 9 firehouses in Harlem, as many as several hundred farmed the Harlem flatlands. Between 1637 and 1639, a few settlements were established, during the American Revolution, the British burned Harlem to the ground. It took a time to rebuild, as Harlem grew more slowly than the rest of Manhattan during the late 18th century. After the American Civil War, Harlem experienced an economic boom starting in 1868, the neighborhood continued to serve as a refuge for New Yorkers, but increasingly those coming north were poor and Jewish or Italian
Greenwich /ˈɡrɛnᵻtʃ/ is a town in Fairfield County, United States. As of the 2010 census, the town had a population of 61,171. The largest town on Connecticuts Gold Coast, it is home to many hedge funds, Greenwich is the southernmost and westernmost municipality in Connecticut as well as the six-state region of New England. It takes roughly 40-50 minutes by train from Grand Central Terminal in Manhattan, cNN/Money and Money magazine ranked Greenwich first on its list of the 100 Best Places to Live in the United States in 2005. The town is named after Greenwich, a borough of London in the United Kingdom, the town of Greenwich was settled in 1640. One of the founders was Elizabeth Fones Winthrop, daughter-in-law of John Winthrop, Greenwich was declared a township by the General Assembly in Hartford on May 11,1665. During the American Revolution, General Israel Putnam made an escape from the British on February 26,1779. Although British forces pillaged the town, Putnam was able to warn Stamford, p1270020-300x225.
jpg | Putnam Hill, where General Putnam escaped. In 1974, Gullivers Restaurant and Bar, on the border of Greenwich and Port Chester, in 1983, the Mianus River Bridge, which carries traffic on Interstate 95 over an estuary, resulting in the death of three people. For many years, Greenwich Point, was only to town residents. However, a lawyer sued, saying his rights to freedom of assembly were threatened because he was not allowed to go there, the lower courts disagreed, but the Supreme Court of Connecticut agreed, and Greenwich was forced to amend its beach access policy to all four beaches. According to the United States Census Bureau, the town has an area of 67.2 square miles, of which 47.8 square miles is land and 19.4 square miles. In terms of area, Greenwich is twice the size of Manhattan. The town is bordered to the west and north by Westchester County, New York, to the east by the city of Stamford, and faces the Village of Bayville to the south across the Long Island Sound. The Census Bureau recognizes seven CDPs within the town, Cos Cob, Old Greenwich, Riverside, the USPS lists separate zip codes for Greenwich, Cos Cob, Old Greenwich, and Riverside.
Additionally, Greenwich is often divided into several smaller, unofficial neighborhoods. The Hispanic population is concentrated in the corner of the town. In 2011, numerous neighborhoods were voted by the Business Insider as being the richest neighborhoods in America, Cos Cob, Old Greenwich, and Riverside each have their own ZIP Codes and with the exception of Byram, each has a Metro North station
Dominion Steel and Coal Corporation
The Dominion Steel and Coal Corporation was a Canadian coal mining and steel manufacturing company. DOSCO was one of the largest private employers in Canada during the 1930s-1950s, in 1957, DOSCO was purchased as a subsidiary of A. V. Roe Canada Ltd. and was assumed in 1962 by Hawker Siddeley Canada. Industrial Cape Breton consisted of two geographic regions for industrial activity, the north side of Sydney Harbour, and the south side. The north side was dominated in the 1800s by the General Mining Association, several independent collieries opened on the south side and by the 1870s, Canadas federal government had implemented its National Policy of economic protectionist measures. The group purchased one mine and obtained options on others south of Sydney in eastern Cape Breton Island and this process took some months, and Whitney was not ready to consolidate operations at Sydney until early 1893. On February 1,1893, Dominion Coal Company Ltd. was incorporated with Whitney as president, B. F. Whitney as secretary and these were consolidated and operated as a department of the company, and in 1895 were extended south to Louisbourg.
The railroad lines were incorporated in 1910 as the Sydney and Louisburg Railway, by 1912, DOMCO operated 16 collieries, comprising 40% of Canadas coal production. The company effected numerous efficiencies and improvements, there were, costly mistakes, prominent among them the tendency to become locked into low-price contracts, thus missing a large market at higher prices. By 1901 some 90 percent of its output was committed to such low-price contracts, the company made a large public offering of stock, which tumbled in price when Whitney failed to get the American import duty on coal removed or at least reduced. Flushed with the success of creating DOMCO in the 1890s, the Whitney syndicate sought to create a use for coal resulting from mixing and screening processes at DOMCOs coal wash plants. Whitney expanded operations at Sydney with the organization in March 1899 of the Dominion Iron & Steel Company Ltd. which had funding in both Canada and the United States, Whitney was joined in the new enterprise by his long-time business friends F. S.
Barney, H. F. Dimock, A. H. Paget, located on the south side of Sydney Harbour, which Whitney said offered more advantages to steel making than anywhere else in the world, the mill was completed in 1901. Competitors in Britain, France and the United States were initially concerned, continuing problems of management and cost control led to Whitneys early withdrawal from the project. Later in 1901, Whitney and his associates sold majority control of DOMCO to engineer turned businessman James Ross of Montreal, and their minority share of DISCO to Ross and other Canadian interests. Whitney resigned as president of DISCO in 1902 and as a member of the DOMCO board in December 1909, in 1903, Ross and the Canadian investors in DISCO sold control to James H. Plummer of Toronto, Ontario. P. Jones 1906-1910 M. J. Butler 1910-1916 D. H, the fall-out from World War I saw a syndicate of British investors led by Montreal, Quebec industrialist Roy M. Wolvin negotiate a takeover of Dominion Steel Corporation from Plummer in 1919.
BESCO proposed a $500 million merger of DOMCO and DISCO, along with various British steel, in 1921, SCOTIA was merged with the conglomerate to form the British Empire Steel Corporation