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Saturday, October 21, 2017

Norwegian-American Securities Corporation


THE part that men from Norway and the ether Scandinavian countries have taken in the development of shipping and export business and of international trade in general terms an important item in American commerce. Anv comprehensive list of leaders in those lines in :m principal cities will reveal a large percentage f Scandinavian names.

For many years Norway, in particular, has been especially prominent in the carrying of American cargoes, doing a larger share of American overseas transportation, proportionately, than any ether country.

Among those who have established a place of importance and recognition for their share in the business life of New York is Trygve Barth, president of the Norwegian-American Securities Corporation. Mr. Barth is a native of Norway, and has a thorough and experienced knowledge of the shipping business in its various departments. Since coming to New York he has been actively identified with the shipping line in various capacities, and with commercial transactions between Scandinavia and the United States. He has been constantly engaged in conserving and advancing the commercial relations of these countries and a prominent factor in their improvement and growth. Becoming impressed by the fact that the development of this international business was best to be promoted by establishing better financial facilities for transactions between Norway and the rest of Scandinavia and this country, he set himself to work to create facilities to meet this need. He secured the co-operation of a number of representative men, American and Scandinavian, and secured the co-operation of financial institutions in Scandinavian and other countries, and organized and incorporated the Norwegian-American Securities Corporation.

The corporation, which has a capital of one million dollars, was formed for the purpose of facilitating business between Norway and the other Scandinavian countries and the United States of America. It is equipped in a most effective way

from its own resources and its connections in Norwegian and other Scandinavian centers to greatly aid in carrying through this international operation of trade and transportation.

The management of the business is in able and experienced hands, the officers, in addition to Mr. Barth, the president, being Leif H. Strom, vice-president and director; George Reith, vice- president and director; B. Kroepelien, secretary and treasurer and director; and Leroy Jones, assistant secretary. Leif H. Strom is also president of the New York Overseas Company. The Board of Directors, besides Messrs. Barth, Strom, Reith and Kroepelien, includes T. Langland Thompson, attorney; Gunnar Hartmann, president Hart Trading Company; W. K. Frimann, ship owner; C. Steendal, president Jefferson Insurance Company; Wilhelm Alme, managing director of Bedgen Agent a/s; Th. Jullum, general agent of Norwegian marine insurance companies; William Schenstrom, president Electric Welding Company of America; P. Harselm, merchant; and Karl Krogstad, president S. O. Stray & Company.

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