After beginning talks in 1930, the Los Angeles Steamship Company was taken over by Matson Navigation on January 1, 1931, but continued to operate as a subsidiary.
[5] Matson called for redemption on July 1, 1935 the entire $4,900,000 of mortgage bonds issued in 1931 as part of the LASSCO merger (due 1936-1940) to curtail interest payments.
The Yale and Harvard, sister ships launched in December 1906 and January 1907 and both triple-screw steamers capable of a speed in excess of 20 knots, were to make up the fleet, expected to arrive in July 1920 from the Atlantic coast.
[10] Eventually there was $8,000,000 spent on Yale and Harvard by the time they were ready for their first journey,[11] the job was performed by the Los Angeles Shipbuilding and Dry Dock Company.
According to their entries in Lloyd's register, this overhaul neither changed the principal dimensions of the ships by more than mere inches nor did it involve a replacement of the 3 steam turbines.
[16] Waimea was used to feed cargo to ships sailing on the Los Angeles-Hawaii line,[17] but could also ferry 80 first-class passengers along the coast at a lower rate than Yale and Harvard.
The Iroquois, chartered from the Clyde-Mallory Line as a replacement for the Harvard, arrived from the east coast on June 29, 1931 and started service the next day, going to San Francisco.