Edward P. Morse
Photo: Unknown author Unknown author, Public domain, via Wikimedia Commons8

Edward P. Morse

Canadian-American shipbuilder

Edward Phinley Morse (7 March 1859—26 August 1930) was a Canadian-American industrialist and proprietor of the Morse Dry Dock and Repair Company, a major turn of the 20th century ship repair facility located in Brooklyn, New York. He later assisted in the creation of United Dry Docks, Inc., a corporation formed by the merger of six New York-based ship repair companies including his own, and at the time the largest corporation of its type in the world.2

From Wikipedia’s article on Edward P. Morse (this version), CC BY-SA 4.0.

Born Mar 7, 1859, died Aug 26, 1930.1

About

At one time, Morse's fortune was estimated to be $40 million, but after his death in 1930, his taxable estate was appraised at a relatively modest $1.646 million ($22.5 million in 2015 dollars).

From Wikipedia’s article on Edward P. Morse, shared under CC BY-SA 4.0.2

Companies

Career

Morse was born in Clementsport, Nova Scotia, British North American, in 1859. At the age of 20, he arrived in Brooklyn, New York, US, seeking work, which he eventually obtained in a shipsmithing yard. About five years later in 1885, he opened a small shipsmithing yard of his own at the foot of 26th Street, Brooklyn, which he named the Morse Iron Works.

In 1890 a fire destroyed the Morse Works but he re-established it quickly thereafter. Over the next dozen or so years, Morse was forced to place his company into receivership several times but on each occasion was able to recover and continue to expand the business. By 1900 his repair yard, now known as the Morse Iron Works and Dry Dock Company, was not only servicing many of the great steamships of the era, but was also maintaining the yachts of many members of New York's elite business community, including those of J. P. Morgan, Cornelius Vanderbilt III, John Jacob Astor IV and August Belmont, Jr. After a brief period in receivership due to industrial action in 1903, Morse reincorporated his yard in 1904 as the Morse Dry Dock and Repair Company.

Like many other U.S. shipyards, the Morse company made lucrative profits during World War I, estimated at more than $15,000,000. In 1919, the Morse Company built the world's largest floating dry dock, capable of servicing a ship 725 feet (221 m) long and weighing 30,000 tons.

Morse was a presidential elector in the 1924 presidential election.

In 1929, Morse masterminded the merger of six New York ship repair yards, including his own, into a new $20,000,000 entity named United Dry Docks, Inc. – the largest company of its type in the world. Morse was named president of the new company before being appointed chairman of the board. After only a short time in this role however, Morse retired from active business and returned to his native Nova Scotia, where he died a few months later at the age of 72.

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Business legacy

After Morse's death, his Brooklyn ship repair yard remained in business another 33 years, first as part of the United Dry Docks/United Shipyards group, and later under the management of Bethlehem Shipbuilding as Bethlehem Brooklyn 56th Street. The yard closed in 1963 after 63 years of operation. In total, Morse's various companies and their successors contributed their services to the New York waterfront for some 78 years.

From Wikipedia’s article on Edward P. Morse (this version), CC BY-SA 4.0.

Personal life

  • BornMar 7, 1859, Clementsport4
  • DiedAug 26, 1930, Digby Neck5
  • CitizenshipCanada6

Edward P. Morse married Ada Martha Gavel on November 8, 1878, shortly before leaving his hometown of Clementsport, Nova Scotia, to begin his Brooklyn career. The marriage produced three children: Jessie Elizabeth (1879–unknown), Edward Phinley Jr. (1882–1948) and Roy Bertram (1886–1953). Both sons followed Morse into the shipbuilding industry, Edward P. Jr. as head of a rival ship repair company, and Roy B. as head of a ship parts supply company.

Morse was a longtime resident of 47 Plaza Street, Brooklyn, but he also owned a 20-acre (81,000 m2) estate on Long Island then known as "Grey Gables", known today as Villa Maria. According to a granddaughter, Morse was a non-smoker and teetotaller who was not overly fond of social occasions. He was however an enthusiastic horseman, maintaining his own stable, and at one time owned Theodore Roosevelt's favorite saddle-horse, General Ruxton.

From Wikipedia’s article on Edward P. Morse (this version), CC BY-SA 4.0.