The Black Star Line was incorporated as a
Delaware corporation on June 27, 1919. Having a maximum capitalization of $500,000, BSL shares were sold at UNIA conventions at five dollars each. The first directors of the Black Star Line were Marcus Garvey, Edgar M. Grey, Richard E. Warner, George Tobias, Jeremiah Certain,
Henrietta Vinton Davis, and Janie Jenkins. The officers of the corporation were President Marcus Garvey, First Vice President — Jeremiah Certain, Second Vice President Henrietta Vinton Davis, Treasurer George Tobias, Secretary Richard E. Warner, Assistant Secretary Edgar M. Grey and Assistant Treasurer Janie Jenkins. Six months after incorporation the board of directors voted to increase the Black Star Line market capitalization to $10 million (equivalent to $ million in ).
Yarmouth was not the only ship that BSL bought in poor condition and completely oversold. Garvey spent another $200,000 for more ships (equivalent to $ million in ). One, , sailed the "cruise to nowhere" on the
Hudson River one summer and sank the next fall because of a leak. On its first commission, the
Yarmouth brought a shipment of
whiskey from the US to
Cuba (before
Prohibition) in record time, but because it did not have docking arrangements in Havana, it lost money sitting in the docks while the
longshoremen had a strike. The fact that the ship was not owned yet by the BSL constituted mail fraud. "In 1922, Garvey and three other Black Star Line officials were indicted by the US government for using the mails fraudulently to solicit stock for the recently defunct steamship line." On the witness stand, Garvey admitted that $600,000 ($ in ) had been "blown to the wind". The jury convicted only Garvey, but not the other three officers, and he was sentenced to five years in prison. In 1927, President
Calvin Coolidge deported Garvey back to Jamaica. The Black Star Line was suspended by Garvey in February 1922, following his arrest on mail fraud charges. The
Shady Side was abandoned on mudflats at
Fort Lee, New Jersey. The line was reconstituted as the
Black Cross Navigation and Trading Company thereafter, which purchased a new ship, the SS
General G W Goethals, in October 1924. It was then renamed the SS
Booker T. Washington. The ship sailed to Cuba and Panama in 1925, but it is unclear whether it ever returned to New York, due to lack of funds. , Costa Rica. The original building was erected in 1922, and then used as UNIA and Black Star Line offices. It was damaged beyond repair by the
Limon earthquake on April 22, 1991, and subsequently reconstructed based on the original plans. On April 29, 2016, a fire destroyed the building completely. After the fire, it was confirmed that the building would be rebuilt with aid from organizations and civilian donations. ==In popular culture==