Pub Date : 1953-03-01DOI: 10.1017/s0007680500025009
{"title":"BHR volume 27 issue 1 Cover and Front matter","authors":"","doi":"10.1017/s0007680500025009","DOIUrl":"https://doi.org/10.1017/s0007680500025009","url":null,"abstract":"","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1953-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127241510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1953-03-01DOI: 10.1017/S0007680500025034
T. Navin
Businessmen are accustomed to thinking of the capital they use as of two types: short-term and long-term. Short-term capital is the capital which is used typically to finance seasonal peaks in business activity, such as the rush at Christmastime; it is borrowed from commercial banks and must be repaid in a short time, usually less than a year. Long-term capital may be either equity capital, invested by the owners of the business, or borrowed capital, on loan to the owners for a number of years. Long-term capital is usually obtained by businessmen through investment bankers. There are many exceptions to these generalizations, and the exceptions have been increasing in number in recent years, but historically and in theory these general statements may be treated as working definitions.
{"title":"Investment Banking Since 1900: an Unexplored Field in American Financial History","authors":"T. Navin","doi":"10.1017/S0007680500025034","DOIUrl":"https://doi.org/10.1017/S0007680500025034","url":null,"abstract":"Businessmen are accustomed to thinking of the capital they use as of two types: short-term and long-term. Short-term capital is the capital which is used typically to finance seasonal peaks in business activity, such as the rush at Christmastime; it is borrowed from commercial banks and must be repaid in a short time, usually less than a year. Long-term capital may be either equity capital, invested by the owners of the business, or borrowed capital, on loan to the owners for a number of years. Long-term capital is usually obtained by businessmen through investment bankers. There are many exceptions to these generalizations, and the exceptions have been increasing in number in recent years, but historically and in theory these general statements may be treated as working definitions.","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1953-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116559220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1953-03-01DOI: 10.1017/S0007680500025010
M. Murphy
Only once in a generation, because of fortuitous circumstances, the stress of the period or the brilliance of a personality, a man lives a life of unusual service to his profession and to the commonweal. To the distinguished company of accounting immortals, William Plender is rightfully admitted because he, more than any other English practitioner, achieved in his lifetime wide recognition as a skillful interpreter of financial data as well as a faithful servant of the Crown. Plender's life has much to recommend it for study by the rising generation not only in Great Britain but in other parts of the world where accountancy has achieved the status of an honored profession. It is for this reason, alone, that the present memoir is written: to re-count the rise of one accountant in professional and public circles because of the quality of his mind and the force of his personality, to say, this was accomplished by one man; it can be done by others if they but dedicate themselves to the pursuit of the professional ideal wherever it may be found, in England, in America, everywhere.
{"title":"Lord Plender: A Vignette of an Accountant and his Times, 1861–1948","authors":"M. Murphy","doi":"10.1017/S0007680500025010","DOIUrl":"https://doi.org/10.1017/S0007680500025010","url":null,"abstract":"Only once in a generation, because of fortuitous circumstances, the stress of the period or the brilliance of a personality, a man lives a life of unusual service to his profession and to the commonweal. To the distinguished company of accounting immortals, William Plender is rightfully admitted because he, more than any other English practitioner, achieved in his lifetime wide recognition as a skillful interpreter of financial data as well as a faithful servant of the Crown. Plender's life has much to recommend it for study by the rising generation not only in Great Britain but in other parts of the world where accountancy has achieved the status of an honored profession. It is for this reason, alone, that the present memoir is written: to re-count the rise of one accountant in professional and public circles because of the quality of his mind and the force of his personality, to say, this was accomplished by one man; it can be done by others if they but dedicate themselves to the pursuit of the professional ideal wherever it may be found, in England, in America, everywhere.","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"74 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1953-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121039006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1952-12-01DOI: 10.1017/S0007680500024946
J. Doster
Jonathan Ware, an ironmaster from Lynn, Massachusetts, settled in central Alabama in 1825 and was for some years active in the iron business. In the 1840's his son, Horace Ware, established the Shelby Iron Company and with the financial help of a friendly planter erected a blast furnace at the village of Shelby, in Shelby County. The furnace was put in blast late in the decade and operated for a number of years without benefit of rail transportation.
{"title":"The Shelby Iron Works Collection in the University of Alabama Library","authors":"J. Doster","doi":"10.1017/S0007680500024946","DOIUrl":"https://doi.org/10.1017/S0007680500024946","url":null,"abstract":"Jonathan Ware, an ironmaster from Lynn, Massachusetts, settled in central Alabama in 1825 and was for some years active in the iron business. In the 1840's his son, Horace Ware, established the Shelby Iron Company and with the financial help of a friendly planter erected a blast furnace at the village of Shelby, in Shelby County. The furnace was put in blast late in the decade and operated for a number of years without benefit of rail transportation.","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1952-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122334369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1952-12-01DOI: 10.1017/S0007680500024922
Marvin D. Bernstein
By far the most swashbuckling figure in the history of the Mexican mining industry was “Colonel” William C. Greene. While the Guggenheims built an empire founded on financial acumen and sound metallurgical practice, Greene built an empire founded on prospectuses and sheer bluff. Greene, in his time, controlled the largest copper ore body in all Mexico, yet he drove his company into bankruptcy. The story of his opening of the Cananea copper deposit is fantastic—stranger than fiction.
{"title":"Colonel William C. Greene and the Cananea Copper Bubble","authors":"Marvin D. Bernstein","doi":"10.1017/S0007680500024922","DOIUrl":"https://doi.org/10.1017/S0007680500024922","url":null,"abstract":"By far the most swashbuckling figure in the history of the Mexican mining industry was “Colonel” William C. Greene. While the Guggenheims built an empire founded on financial acumen and sound metallurgical practice, Greene built an empire founded on prospectuses and sheer bluff. Greene, in his time, controlled the largest copper ore body in all Mexico, yet he drove his company into bankruptcy. The story of his opening of the Cananea copper deposit is fantastic—stranger than fiction.","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1952-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117102576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1952-12-01DOI: 10.1017/S0007680500024934
L. Kane
Hersey, Staples and Company was organized by eastern men in 1854 to carry on a business in Stillwater, leading lumber town in Minnesota Territory. Bringing to this business venture on the energy, experience lumbering acquired in Maine, knowledge of the mercantile trade, and capital from Maine and Massachusetts, the four partners of Hersey, Staples and Company initiated an enterprise that gained the attention of businessmen throughout the Territory. The firm became the largest owner of pinelands in the St. Croix Delta, a leading producer of logs and lumber in an area that ranked first in lumber exportation in Minnesota, operator of the finest mill in the Territory, wholesaler and retailer of logs and lumber, part owner in boom companies, dam companies, and a general store, and later, promoter of railroads and banks. Although only one partner became a resident of Minnesota, the others were favorably known in the community in which their business was located. Few of the records of the company are extant, but the history of operations that can be discovered illuminate the general problems of running a lumber business in the West in the 'fifties.
{"title":"Hersey, Staples and Company, 1854 – 1860: Eastern Managers and Capital in Frontier Business","authors":"L. Kane","doi":"10.1017/S0007680500024934","DOIUrl":"https://doi.org/10.1017/S0007680500024934","url":null,"abstract":"Hersey, Staples and Company was organized by eastern men in 1854 to carry on a business in Stillwater, leading lumber town in Minnesota Territory. Bringing to this business venture on the energy, experience lumbering acquired in Maine, knowledge of the mercantile trade, and capital from Maine and Massachusetts, the four partners of Hersey, Staples and Company initiated an enterprise that gained the attention of businessmen throughout the Territory. The firm became the largest owner of pinelands in the St. Croix Delta, a leading producer of logs and lumber in an area that ranked first in lumber exportation in Minnesota, operator of the finest mill in the Territory, wholesaler and retailer of logs and lumber, part owner in boom companies, dam companies, and a general store, and later, promoter of railroads and banks. Although only one partner became a resident of Minnesota, the others were favorably known in the community in which their business was located. Few of the records of the company are extant, but the history of operations that can be discovered illuminate the general problems of running a lumber business in the West in the 'fifties.","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1952-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126758934","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1952-12-01DOI: 10.1017/s0007680500024971
Harriet D. Hudson
From American Optical Company, Southbiidge, Massachusetts: Annual Report for 1951. From American Petroleum Institute, New York City: Quarterly, Winter, 1951-52, Spring, Summer, Autumn, 1952; American Petroleum Institute Directory, 1952; Proceedings, Thirty-first Annual Meeting: Section I, General Sessions; Section II, Marketing; Section V, Transportation; Proceedings, Seventeenth Midyear Meeting, Division of Refining, Refining; American Petroleum Institute—What it is, What it does; Security for our Oil Age. From Davison Publishing Company, Ridge wood, New Jersey: Davison's Rayon and Silk Trades, 1952; Davison's Textile Blue Book, July, 1952. From Georgia Historical Society, Savannah: The Georgia Historical Quarterly, currently. From Historical Society of Western Pennsylvania, Pittsburgh: Western Pennsylvania Historical Magazine, currently. From National Archives, Washington, D. C : National Archives Accessions, No. 47, No. 49; Annual Report on the National Archives and Records Service, June SO, 1951; Preliminary Inventories, Nos. 41, 42, 43. From National Provisioner, Chicago, Illinois: The National Provisioner, weekly issues and convention issues: The "Significant Sixty"—A Historical Report on the Progress and Development of the Meat Packing Industry, 1891-1951. From Oregon Historical Society, Portland: Oregon Historical Quarterly currently. From Philosophical Society of Texas, Dallas: Proceedings, for 1951. From Rhode Island Historical Society, Providence: Rhode Island History, currently. From Southern Pine Association, New Orleans, Louisiana: Weekly Trade Barometer and Supplement, currently. From State Historical Society of Missouri, Columbia: Missouri Historical Review, quarterly. From State Street Trust Company, Boston, Massachusetts: Yankee Ship Sailing Cards, Vol. 3.
{"title":"Acknowledgments","authors":"Harriet D. Hudson","doi":"10.1017/s0007680500024971","DOIUrl":"https://doi.org/10.1017/s0007680500024971","url":null,"abstract":"From American Optical Company, Southbiidge, Massachusetts: Annual Report for 1951. From American Petroleum Institute, New York City: Quarterly, Winter, 1951-52, Spring, Summer, Autumn, 1952; American Petroleum Institute Directory, 1952; Proceedings, Thirty-first Annual Meeting: Section I, General Sessions; Section II, Marketing; Section V, Transportation; Proceedings, Seventeenth Midyear Meeting, Division of Refining, Refining; American Petroleum Institute—What it is, What it does; Security for our Oil Age. From Davison Publishing Company, Ridge wood, New Jersey: Davison's Rayon and Silk Trades, 1952; Davison's Textile Blue Book, July, 1952. From Georgia Historical Society, Savannah: The Georgia Historical Quarterly, currently. From Historical Society of Western Pennsylvania, Pittsburgh: Western Pennsylvania Historical Magazine, currently. From National Archives, Washington, D. C : National Archives Accessions, No. 47, No. 49; Annual Report on the National Archives and Records Service, June SO, 1951; Preliminary Inventories, Nos. 41, 42, 43. From National Provisioner, Chicago, Illinois: The National Provisioner, weekly issues and convention issues: The \"Significant Sixty\"—A Historical Report on the Progress and Development of the Meat Packing Industry, 1891-1951. From Oregon Historical Society, Portland: Oregon Historical Quarterly currently. From Philosophical Society of Texas, Dallas: Proceedings, for 1951. From Rhode Island Historical Society, Providence: Rhode Island History, currently. From Southern Pine Association, New Orleans, Louisiana: Weekly Trade Barometer and Supplement, currently. From State Historical Society of Missouri, Columbia: Missouri Historical Review, quarterly. From State Street Trust Company, Boston, Massachusetts: Yankee Ship Sailing Cards, Vol. 3.","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1952-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134614650","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1952-12-01DOI: 10.1017/s0007680500024910
{"title":"BHR volume 26 issue 4 Cover and Front matter","authors":"","doi":"10.1017/s0007680500024910","DOIUrl":"https://doi.org/10.1017/s0007680500024910","url":null,"abstract":"","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"188 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1952-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123231978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1952-12-01DOI: 10.1017/S0007680500024958
Robert W. Lovett
Although the Beverly Cotton Manufactory and its records disappeared without a trace more than a century ago, it has received an honored place in almost all the subsequent histories of manufacturing. The reason for this interest is suggested by the title of the most complete account of the Manufactory, Robert S. Rantoul's “The First Cotton Mill in America.” The present writer is more interested in how the mill came into being and how it functioned, than in the controversy as to whether Beverly, or Worcester, or Philadelphia, or South Carolina is entitled to claim the earliest cotton mill; however, as a native of Beverly he will have something to say on this subject at the end of the article. Recent discoveries at the Rhode Island Historical Society, the Massachusetts State Archives, and the Beverly City Hall help to fill out the basic documents used by Rantoul and all subsequent writers. The most significant of these basic documents relates to the incorporation of the Manufactory in 1789 and the succeeding petitions to the State Legislature for aid.
{"title":"The Beverly Cotton Manufactory: or Some New Light on an Early Cotton Mill","authors":"Robert W. Lovett","doi":"10.1017/S0007680500024958","DOIUrl":"https://doi.org/10.1017/S0007680500024958","url":null,"abstract":"Although the Beverly Cotton Manufactory and its records disappeared without a trace more than a century ago, it has received an honored place in almost all the subsequent histories of manufacturing. The reason for this interest is suggested by the title of the most complete account of the Manufactory, Robert S. Rantoul's “The First Cotton Mill in America.” The present writer is more interested in how the mill came into being and how it functioned, than in the controversy as to whether Beverly, or Worcester, or Philadelphia, or South Carolina is entitled to claim the earliest cotton mill; however, as a native of Beverly he will have something to say on this subject at the end of the article. Recent discoveries at the Rhode Island Historical Society, the Massachusetts State Archives, and the Beverly City Hall help to fill out the basic documents used by Rantoul and all subsequent writers. The most significant of these basic documents relates to the incorporation of the Manufactory in 1789 and the succeeding petitions to the State Legislature for aid.","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"106 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1952-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126674884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1952-09-01DOI: 10.1017/S0007680500024879
H. Aitken
Many American historians have stressed the completion of the Erie Canal in 1825 as a turning point in the expansion of commerce across the Appalachian barrier from the seaports of the Atlantic coast. Less attention has been paid to the Erie's competitors, perhaps because they were uniformly less successful than their prototype. Yet they have a certain interest. In this article we shall be dealing with only one of these competing projects—the Welland Canal in Upper Canada, the by-pass for Niagara—and with only one aspect, namely the financial. Nevertheless, we shall perhaps be able to draw some general conclusions as to the reasons why the Erie Canal succeeded so brilliantly, while other projects, at least in a relative sense, failed.
{"title":"Financing the Welland Canal: an Episode in the History of the St. Lawrence Waterway","authors":"H. Aitken","doi":"10.1017/S0007680500024879","DOIUrl":"https://doi.org/10.1017/S0007680500024879","url":null,"abstract":"Many American historians have stressed the completion of the Erie Canal in 1825 as a turning point in the expansion of commerce across the Appalachian barrier from the seaports of the Atlantic coast. Less attention has been paid to the Erie's competitors, perhaps because they were uniformly less successful than their prototype. Yet they have a certain interest. In this article we shall be dealing with only one of these competing projects—the Welland Canal in Upper Canada, the by-pass for Niagara—and with only one aspect, namely the financial. Nevertheless, we shall perhaps be able to draw some general conclusions as to the reasons why the Erie Canal succeeded so brilliantly, while other projects, at least in a relative sense, failed.","PeriodicalId":359130,"journal":{"name":"Bulletin of the Business Historical Society","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1952-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128735786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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