Clement Griscom
Encyclopedia
Clement Acton Griscom was a prominent American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 Quaker
Religious Society of Friends
The Religious Society of Friends, or Friends Church, is a Christian movement which stresses the doctrine of the priesthood of all believers. Members are known as Friends, or popularly as Quakers. It is made of independent organisations, which have split from one another due to doctrinal differences...

 businessman and nineteenth century shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...

 magnate.

Biography

He was the President of the International Navigation Co., and by extension, the Red Star Line
Red Star Line
The Red Star Line was an ocean passenger line founded in 1871 as a joint venture between the International Navigation Company of Philadelphia, which also ran the American Line, and the Société Anonyme de Navigation Belgo-Américaine of Antwerp, Belgium...

 and the American Line
American Line
The American Line was a shipping company based in Philadelphia that was founded in 1871. It began as part of the Pennsylvania Railroad, although the railroad got out of the shipping business soon after founding the company...

 from 1888 to the 1902 merger into the International Mercantile Marine, and also helped to create those companies, originally serving as Vice-President from their foundation in 1871. He is noteworthy for his efforts to build an all-American merchant marine to rival those of shipping powers Britain
United Kingdom of Great Britain and Ireland
The United Kingdom of Great Britain and Ireland was the formal name of the United Kingdom during the period when what is now the Republic of Ireland formed a part of it....

 and Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

, and was instrumental in convincing J. Pierpont Morgan to finance the creation of the IMM shipping trust company
Trust (19th century)
A special trust or business trust is a business entity formed with intent to monopolize business, to restrain trade, or to fix prices. Trusts gained economic power in the U.S. in the late 19th and early 20th centuries. Some, but not all, were organized as trusts in the legal sense...

. He later served as the IMM's first President. Griscom established and owned a private hunting plantation north of Tallahassee, Florida
Tallahassee, Florida
Tallahassee is the capital of the U.S. state of Florida. It is the county seat and only incorporated municipality in Leon County, and is the 128th largest city in the United States. Tallahassee became the capital of Florida, then the Florida Territory, in 1824. In 2010, the population recorded by...

 called Horseshoe Plantation
Horseshoe Plantation
Horseshoe Plantation is an cotton plantation located in northern Leon County, Florida and established around 1840 by Dr. Edward Bradford, a planter from Enfield, North Carolina.It is currently owned and maintained by Frederic C. Hamilton. Mr...

.

He died of a stroke
Stroke
A stroke, previously known medically as a cerebrovascular accident , is the rapidly developing loss of brain function due to disturbance in the blood supply to the brain. This can be due to ischemia caused by blockage , or a hemorrhage...

at the age of 71.
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