The migration of British capital to 1875 / Leland Hamilton Jenkins.

Includes bibliographical references (pages 339-415) and index.

I. Financial society at the end of the eighteenth century : setting forth the theme -- In lieu of definition -- Before the pound was sovereign -- The money market at London -- The stimulus of the war -- England faces outward --

II. Foreign investment after war : the postwar depression -- Opportunity -- Financing the French indemnity -- The financier of legitimacy -- Loan managers and revolution -- How the Philhellenes helped the Greeks -- The machine in quest of gold -- The foreign loan mania ends -- What the money accomplished --

III. A cycle of Anglo-American finance : we balance the merchandise with securities -- Country investors desire reproductive investments -- British capital in American expansion -- How the bonds were marketed -- A matter of elation -- Crisis in Anglo-American economy -- Financing a cotton boom with British money -- The collapse of Biddle's system --

IV. Migration of capital at a stand : those perfidious United States -- The missing dividends of backward states -- Investors and the Foreign Office --

V. The railway revolution : revival of home investments -- The transformed money market -- The railway contractor -- The beginnings of concession-hunting -- Angle-Belgian railway enterprise -- The railway cycle completes itself --

VI. Cosmopolitan enterprise : the discoveries of gold -- "L' empire c'est la paix" -- Concession everywhere -- British capital and Italian unity -- The export of capital and capital goods -- British capital in continental industry -- Public utilities and mines -- "Bills on London" --

VII. The stakes of empire : a period of painless income -- The grand trunk of Canada and other contracts -- Carrying civilization to India -- The crown encourages private enterprise -- The costs of government by the queen -- The "economic drain" -- An income of imponderables --

VIII. From bill-broker to finance company : stock-and-bond capitalism -- The credit-mobilier idea -- The banking tradition at London -- The finance companies -- James McHenry's railway -- The failure of Overend, Gurney & Co. --

IX. The government loan business : progress by borrowing -- The cosmopolitan family banking firm -- Negotiating loans in London -- Marketing the loan -- The international loan market -- In quantitative terms -- Foreign loans and public policy -- Organizing the bondholders -- The harvest of insolvency --

X. The bankruptcy of the Near East : the reformation of Turkey -- The high road to India -- The rise of Ottoman debt -- The rise of Egyptian debt -- Disraeli buys the canal shares --

XI. At the end of the surplus : the stock-and-bond aristocracy -- The revolution in food supply -- In lieu of conclusion --

Appendices -- A: List of foreign railway and other contracts undertaken by Thomas Bassey, 1834-1870 -- B: Table showing values of principal items of capital goods, produce of the U. K., exported, 1846-1876 -- C: Table of government issues in London, 1860 to 1866, inclusive -- D: Summary of foreign security issues made in London, 1860-1876 -- E: Securities of private companies operating abroad, issued in London, 1860-76.

The Migration of British Capital to 1875, written by Leland Hamilton Jenkins, is an economic history of the British Empire. The book follows the accumulation of wealth in London over the course of the 1830s to the year 1875. Alongside this look at accumulation, the author discusses the imperial ventures that caused wealth to pool in London, and the financial and economic systems that extracted wealth from imperial subjects of Britain. Through a discussion of loans, debt, bonds, contracts, treaties, industrialization, and de-industrialization, among other monetary tactics meant to assist in the theft of wealth from imperial subjects, Jenkins casts light on the monetary system that allowed the British Empire to build a colonial superpower. In addition, Jenkins discusses the culture of capital that formed in the imperial metropole, and some of the important organizations who helped to to shape this culture, such as the Cosmopolitan Family Banking Firm, and the Anglo-Belgian Railway Enterprise, among others. This book marks a significant study of the monetary infrastructure of the British Empire, and the systems that both supported it and resulted from it. --From the cataloger