triggering a three-way price war between Vanderbilt, Morgan's Accessory Transit Company, and the U.S. Pacific Mail Lines. Vanderbilt's low fares damaged his competitors. After less than a year, the Morgan-led Accessory Transit Company and the U.S. Pacific Mail Lines agreed to pay over $1 million to Vanderbilt, in return for Vanderbilt leaving the market. This payment included a total of $800,000 for his two ships on the Pacific side and $40,000 per month in cash for a non-compete agreement. With Vanderbilt out of the field, the remaining carriers were able to restore their rates. Morgan and C. K. Garrison participated in a scheme devised by Edmund Randolph to support the filibuster of William Walker in Nicaragua. Randolph and Walker were old friends. Walker readily accepted Randolph's plan to invalidate the old transit concessions to Accessory Transit Company so that the new transit concession would eventually convey to a new company headed by Garrison and Morgan. They divested of their Accessory Transit Company stock, while Morgan even took short positions. Patricio Rivas of the Liberal-faction assumed the title of Provisional President of Nicaragua, under the supervision of Walker. Vanderbilt and two other investors accumulated enough Accessory Transit Company stock to gain a majority of its shares, recapturing control of the company and causing losses on Morgan's short positions. With Vanderbilt back in control as an investor, Morgan resigned his directorship on December 21, 1855. Yet Morgan responded to this financial and professional loss by doubling down. In the first part of 1856, Morgan went on another short selling binge, matched each time by Vanderbilt and his allies. Morgan failed in weakening the price of Vanderbilt's stock and suffered great financial losses on the process. By 1858, Morgan withdrew from running steamers on the Pacific and from transit in Nicaragua. At the same time, Vanderbilt sold his fleet of Gulf packets to Morgan, ending the feud between Morgan and the Commodore. Southern Steamship Company Morgan incorporated the Southern Steamship Company on March 14, 1855. Chartered in Louisiana, it opened some of his Gulf shipping interests to outside investors. Morgan was a minority shareholder, controlling only 500 of 4,000 shares. However, two of the members of the board were Morgan's New Orleans agents, Israel Harris (his son-in-law) and Henry R. Morgan (his son). Their partnership, Harris & Morgan, was also the largest shareholder, controlling 890 of 4,000 shares, so the triumvirate of Charles