At Spes non Fracta: Hope & Co. 1770–1815 by Marten Gerbertus Buist

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By Marten Gerbertus Buist

The environment for this learn is mirrored within the sub-title 'Merchant bankers and diplomats at paintings. ' the purpose is to keep on with the companions of their many and various actions: of their courting in the direction of one another, of their contacts with different homes and of their attitudes in the direction of govt of­ ficials. furthermore, the writer has tried to teach the reasons for his or her advertisement and monetary activities, the place those have been discernible. some extent of departure reminiscent of this means that the surviving correspondence consti­ tutes the vital resource of knowledge. Quantitative information are incorporated, yet inside this framework their position is subsidiary. simply because this booklet is meant for varied different types of readers, it's been divided into 3 elements. The introductory bankruptcy, which incorporates an abridged heritage of desire & Co. as much as 1815, is meant for these whose curiosity within the topic is of a extra basic nature. within the related bankruptcy, a couple of major issues reminiscent of the expansion of overseas loans within the Nether­ lands and the approach in line with se of issuing loans are mentioned, and at­ tention is dedicated to a few of the issues of exchange and to the query even if wish & Co. may be considered as retailers or as bankers. In end, an effect is given of the half performed by way of Amsterdam as a monetary centre throughout the Napoleonic period and of the very extraordinary po­ sition which desire & Co. occupied at that time.

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Extra info for At Spes non Fracta: Hope & Co. 1770–1815

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Trading beyond the limit of one's financial resources was regarded as a mortal sin. Financial capacity was of course important, but was not the primary consideration. 1 The amount of credit which could be allowed to a correspondent was of great importance. In determining this, references were usually sought from more than one house, and these were compared. This information, together with the solidity characteristics already referred to, were entered in separate books. If a change of partners occurred, information had quickly to be obtained concerning the wealth and solidity of the new member or members.

The Nieuwe Nederlandsche Jaarboeken subsequently noted that: 'Some embittered Patriots, incensed by the somewhat larger Orange Cockades worn by the Gentlemen referred to, drew attention to these, made scornful utterances and at last pushed towards them on the Exchange, ostensibly out of curiosity; but they jostled so forcefully that the Gentlemen named were in danger of being crushed and trampled underfoot; assistance was thereupon requested, and a number of officers of the Law hurried to the place, but they were not able to deal with the situation.

3 Hope's relationship with Barings was closer than with any other house, and this fact can only be explained by a far-reaching similarity in outlook, in both the commercial and private spheres. This naturally did not rule out differences of opinion in matters of business, or personal tiffs, but these did not impinge upon the underlying mutual confidence. Thus was the foundation laid for a friendship which has survived to this day. Political developments in the Holland of the 1780s also gave rise to countless problems for the partners.

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