BALLIN, ALBERT German shipowner, was born in Ham burg Aug. 15, 1857. Educated for a mer cantile career, his first notable achieve ment was the organization of the emigrant traffic on the Carr line. He then took over the management of the passenger traffic on the Hamburg-Amerika line, becoming, in 1886, director and shortly afterwards director-general of that enterprise. Under Ballin's leadership the Hamburg-Amerika line expanded steadily, acquiring numerous other shipping companies and increasing its capital tenfold. By negotiating agreements with other shipping com panies, Bailin practically reorganized Germany's shipping trade; and he was the author of the German-American shipping agree ment of 1902. He died suddenly in Hamburg Nov. 9, 1918.
See P. F. Stubmann, Bailin: Leben and Werk eines deutschen Reeders (1926) .