Claim: The Collins Line was founded in 1818, and after receiving a new ship in 1835, grew to become a serious competitor to Cunard on the transatlantic routes; it went bankrupt in 1858.
Evidence: From then on, the company was a serious competitor for the transatlantic trade. Under Edward Collins' guidance, the company grew to be a serious competitor on the transatlantic routes to the British Cunard shipping company. Israel Collins had left the sea in 1818 to establish the shipping company in New York City. Up until 1835 the company had not seriously competed in the transatlantic trade, but in that year it received a new ship, the Shakspeare. By the next February, the Collins Line had suspended operations, and on 1 April 1858, in the midst of bankruptcy proceedings, its remaining vessels were sold at auction. 
1818 (1818) Cunard Line 1858 (1858) Up until 1835 the company had not seriously competed in the transatlantic trade, but in that year it received a new ship, the Shakspeare. From then on, the company was a serious competitor for the transatlantic trade. Bankrupt following recession and termination of government subsidy