Godeffroy & Son dissolves; its Yap holdings pass to the DHPG.
What happened
When Godeffroy & Son was dissolved, the Deutsche Handels- und Plantagen-Gesellschaft (DHPG) took over its holdings. By the early 1880s it was one of three major firms on Yap besides O’Keefe, along with Hernsheim and Crayton Holcomb’s private operation.
Who’s who
- David O’KeefeIrish-born trader on Yap who shipped Palauan stone money in exchange for copra from the 1870s.