THEY MADE MARINE SALVAGE A
Organizing a handful of salvage vessels into a dynamic force on the high seas, these resourceful entrepreneurs revolutionized sea salvage.
In 1860 the Board of Marine Underwriters of New York City started to get uneasy with the number of shipwrecks they were having to shell out money for.
So they decided to establish the Coast Wrecking Company to get these wrecks stabilized....they appointed Israel J. Merritt to head up this operation. This article is about how this all came about
click on this to read: MERRITT-CHAPMAN AND SCOTT