Talk:Merritt-Chapman & Scott

message: The specific company with the three names did not exist until WW I salvage executives met with Assistant Secretary of the Navy Franklin Roosevelt as described in the Naval History and Heritage Command's Mud, Muscle, and Miracles: Marine Salvage in the United States Navy (Charles A. Bartholomew, USN & Commander William I. Milwee, Jr., USN (Ret.), -60). See pp 19-20 where the problems of WW I salvage, the uncertainties of the business and uneconomic idea of a Navy salvage fleet led FDR to propose a salvage monopoly with executives and the formation of the company discussed on this page.
The meeting lasted through the night. Scott and Chapman, seeing the worth of Roosevelt’s proposals, left the assistant secretary’s suite for an early breakfast and made their plans. Thus the Merritt-Chapman and Scott Salvage Corporation was born. The new company purchased four Bird-class minesweepers and fitted them out as salvage ships. Combined with those they already owned, these ships gave the salvors sufficient resources to base four ships along the Atlantic Coast and a fifth on the Pacific Coast. Salvage stations with reserve equipment and repair ships were set up at New London; Staten Island; Key West; Kingston, Jamaica; and San Pedro, California. 
Separate corporate entities existed before this decision and there was no "MC&S" until this post WW I meeting. Palmeira (talk) 15:25, 19 June 2013 (UTC)
thread_title:  Corporate origins 

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thread_title:  External links modified 

message: 68.174.30.176 (talk) 23:01, 3 November 2017 (UTC)
thread_title:  Nice research work here 

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thread_title:  External links modified (January 2018)