The story
In August 1817 Thomas S. Byrnes, George T. Trimble and Silas Wood established Byrnes, Trimble & Co. This was some years before the opening of the Erie Canal, when the chief supplies of breadstuffs for this market came from Pennsylvania and Virginia, and the firm, for some years engaged in the Chesapeake trade, was among the largest receivers of flour and grain from there. Silas Wood was by birth a New Yorker but he resided at the city of Fredericksburg upon the Rappahannock River to promote that part of the business. The partners also became owners and managers of several merchant ships, and in late 1818 established the Red Star Line of packet ships.
From Wikipedia’s article on Robert Kermit Red Star Line, shared under CC BY-SA 4.0.4