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Public criticism of finance companies and cotton market theories
The text argues money pressure arose from cotton speculation and stocks, not joint stock firms. It questions claims that finance companies caused capital outflow, noting private firms often lock up more funds and that public companies share cautious funding, while private losses are less discussed. It defends directors’ prudence and disputes sensational warnings.
MENTIONED IN THIS ARTICLE
Times
Money
Malaya and Cordova
International Financial Society
Rothschild, Baring