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Erschienen in:
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2022 | OriginalPaper | Buchkapitel

4. An Early Modern ‘Project’

verfasst von : Mabel Winter

Erschienen in: Banking, Projecting and Politicking in Early Modern England

Verlag: Springer International Publishing

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Abstract

The historiography of finance and banking and the historiography of commerce have largely been treated separately for the early modern period. However, Thompson and Company were not just an early deposit bank but incorporated a merchant partnership as well. This chapter argues that Thompson and Company can best be viewed as an early modern ‘project’, an innovative and entrepreneurial scheme that exploited the techniques of commerce and banking under one institution. Furthermore, this central banking project was then used by the partners to facilitate a variety of other joint and singular projects, which were all funded by the bank through loans to the partners themselves. Whilst projects could be highly profitable for everyone involved, there was a fine balance between an honest projector contributing to public good and a dishonest projector seeking only personal gain. Thompson and Company ended up defined by the latter persona.

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Vorheriges Kapitel Early Modern Banking
Nächstes Kapitel Family Network
Fußnoten
1
TNA: C 7/581/73.
 
2
Case of Richard Thompson and Company. 4.
 
3
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4
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5
Yamamoto. Taming Capitalism. 1, 5, 15, 21, 60, 225.
 
6
Withington. Politics of Commonwealth. 191. Withington does use the word ‘project’ here but not in the sense of ‘projecting’ or in reference to the historiography surrounding it, rather as a synonym for ‘business’ or ‘venture’.
 
7
Yamamoto. Taming Capitalism. 3; Grassby. Business Community. 172.
 
8
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9
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10
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11
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12
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16
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17
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18
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19
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20
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21
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22
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24
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25
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26
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27
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28
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29
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30
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31
TNA: C 6/526/178.
 
32
Hertfordshire Archives and Local Studies: DE/P/F81/77. Letter from Mary Popple to Edward Nelthorpe. 26 June 1677.
 
33
Gerard Malynes. 1622. Consuetudo, vel lex mercatoria, or the ancient law-merchant. London. 210–211.
 
34
Earle. Making of the English Middle Class. 111; Brenner. Merchants and Revolution. 95, 104.
 
35
Dari-Mattiacci, Gelderblom, Jonker, and Perotti. The Emergence of the Corporate Form. 225; Francesca Trivellato. 2020. Renaissance Florence and the Origins of Capitalism: A Business History of Perspective. Business History Review 94: 239.
 
36
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37
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38
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39
William A. Shaw. 1909. Calendar of Treasury Books Preserved in the Public Record Office, vol. 4, 1672–1675. London: His Majesty’s Stationery Office. 37, 38; TNA: T 70/601. Company of Royal Adventurers Trading with Africa. Home Ledger 3, 1678–1680. f. 30.
 
40
Henry Roseveare. 1987. Markets and Merchants of the Late Seventeenth Century: The Marescoe-David Letters, 1668–1680. Oxford: Oxford University Press. 126, 128; Order in Council on the petition of William Strangh, citizen and merchant of London. SPO SP 29/370 f. 284, 19 May 1675.
 
41
Contract by Edward Nelthorp with the Navy Commissioners, for delivering 30 tuns of vinegar, made of French wines, at 14l. 10s. per tun. SPO, SP 29/325 f. 135, 25 May 1672.
 
42
Defoe. Essay Upon Projects. 6, 14, 33, 35; Yamamoto. Taming Capitalism. 15, 29, 35–37, 237.
 
43
Yamamoto. Taming Capitalism. 180, 183; Birch, The History of the Royal Society of London for Improving of Natural Knowledge. 97, 99, 243, 302.
 
44
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45
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46
TNA: C 7/581/73.
 
47
Royal Commission on Historical Manuscripts. 1912. Calendar of the manuscripts of the Marquess of Ormond, K. P. Preserved at Kilkenny Castle, vol. 3. London. 352–354.
 
48
Toby Barnard. 2008. Butler, James, first duke of Ormond (1610–1688). ODNB https://​doi-org.​sheffield.​idm.​oclc.​org/​10.​1093/​ref:​odnb/​4191. Accessed 10 January 2020; Royal Commission on Historical Manuscripts. 1912. Calendar of the Manuscripts of the Marquess of Ormond, K. P. Preserved at Kilkenny Castle, vol. 4. London. 11–12, 20–21.
 
49
Case of Richard Thompson and Company. 12.
 
50
Todd. Fiscal Citizens. 57.
 
51
Reasons most humbly offered to the consideration of Parliament.
 
52
Reasons offered by several of the creditors of Richard Thompson and partners.
 
53
TNA: C 8/328/50.
 
54
Slack. Invention of Improvement. 53, 104; Yamamoto. Taming Capitalism. 2, 3, 130, 140; TNA: C 7/581/73.
 
55
Defoe. Essay Upon Projects. 10–13.
 
56
Reasons most humbly offered to the consideration of Parliament.
 
57
TNA: C 8/328/50.
 
58
Muldrew. Economy of Obligation. 115, 116; Wennerlind. Casualties of Credit. 95–96; Michael J. Braddick. 2000. State Formation in Early Modern England c.1550–1700. Cambridge: Cambridge University Press. 259–260.
 
59
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Metadaten
Titel
An Early Modern ‘Project’
verfasst von
Mabel Winter
Copyright-Jahr
2022
Buch
Banking, Projecting and Politicking in Early Modern England

Print ISBN: 978-3-030-90569-9

Electronic ISBN: 978-3-030-90570-5

Copyright-Jahr: 2022

DOI
https://doi.org/10.1007/978-3-030-90570-5_4

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