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A Classification of American Wealth |
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| Part I-Chapter 3 : Shipping Merchants > Howland & Aspinwall : « Previous 1 - 2 - 3 - 4 Next » |
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William Henry Aspinwall and the Pacific Mail steamship company … After 1840, William Henry Aspinwall left day-to-day management of the mercantile business of Howland & Aspinwall in the hands of his partners, now also including his younger brother John Lloyd Aspinwall. He first turned his energies to ship design, commissioning John Willis Griffiths to build the "Rainbow", one of the first clipper ships in America. Other ships followed but very soon the restless shipping magnate turned towards larger enterprises. In 1845, the US Congress voted the Mail Steamship Bill, an act allowing subsidized ocean mail contracts …
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