First, via Ken Craggs:
The UK government is to repay debts in part, some of which date back to the founding of the South Sea Company in 1711.
You may be also be interested in the info I’ve added to the comments section here.
Nathan Mayer Rothschild founded the ‘Alliance British and Foreign Life and Fire Assurance Company’ in 1824 (see page 4).
One of the subsidiary companies was the ‘Alliance Marine Assurance Company’ (see page 11).
George Peabody & Samuel Gurney Jnr were elected directors of the Alliance Marine Assurance Company, c1849. George Peabody and A.N. Rothschild are named as directors of the Alliance Marine Assurance Company – Lionel Nathan Rothschild and Samuel Gurney are named as Presidents of the company.
George Peabody (born in USA) is a very important link between the House of Rothschild and the House of Morgan. Peabody first came to Britain in 1827 and founded George Peabody & Co in London in 1835.
George Peabody & Co was renamed Peabody Morgan & Co in 1854 when Peabody took on Junius Spencer Morgan as partner. When Peabody retired, the company was renamed J.S. Morgan & Co in 1864. When J.S. Morgan died, his son J.P Morgan renamed the company J.P. Morgan & Co. J.P. Morgan had been sent to the USA in 1858 as an agent for Rothschild.
N.M. Rothschild & Sons + J. S. Morgan & Co. (both London) loaned U.S. government $300m in 1876 & $700m in 1877.
In 1869, George Peabody died at the home of Sir Curtis Lampson (see pages 3 & 8) Queen Victoria’s son Prince Arthur attended the funeral of George Peabody. Sir Curtis Lampson and George Peabody were directors of the Atlantic Cable Company (see pages 6 & 12).
All members of the board at HBC held directorships in other corporate bodies.
George Joachim Goschen was the Governor (Chairman) of the HBC, a member of the merchant banking house of Fruhling and Goschen, a governor of the Bank of England, a director in the Alliance Marine Assurance Company, and a director of the Alliance British and Foreign Life and Fire Assurance Company.
The Hudson’s Bay Company, is an early example of globalisation and boasts of being the world’s longest surviving corporate entity.
HBC is a prime example of an early trans-national commercial institution with extensive ties to other economic entities through its own activities and those of other organizations linked to it through its directors’ interlocking directorships.
“Edward William Terride Hamilton was Governor of the Australian Agricultural Co., Chairman of the Bank of Australasia, and a director of Crown Life Assurance Co… Richard Potter was a railway magnate of considerable stature.
Chairman of Britain’s Great Western Railway, and a director of the Great Eastern Company, the Canadian Grand Trunk Railway and the International Financial Society, he also held directorships in other companies with a strong interests in postal and telegraph systems…
Montague C. Wilkinson of Crawford, Colvin and Co. held directorships in the Imperial Continental Gas Association, and the Royal Exchange Assurance Co… Between them, the HBC directors had interests extending over six continents.
In addition to their fur trade interests, they were involved with a variety of other ventures in resource development and exploitation, transportation and communications, and, in particular, banking and finance at an international level.
Their interests in international finance, centred in London, at that time the world’s undisputed financial capital, made them potentially a formidable force to reckon with. On paper at least, the HBC’s directors had the capacity to integrate their various company interests to a considerable degree.
A bit more background to Peabody and JP Morgan:
George Peabody set up shop in the aftermath of the 1837 panic:
Because of U.S. debt troubles, Peabody became persona non grata around London (after all, he had sold the Brits much of that debt). But that did not deter him. He bought the depreciated state bonds when they were trading for pennies on the dollar. When these bonds paid interest again, in the late 1840s, Peabody reaped a fortune.
Then along came the next crash, in 1857 and:
Corsair, the Life of J.P. Morgan, tells us that the Panic of 1857 was caused by the collapse of the grain market and by the sudden collapse of Ohio Life and Trust, for a loss of five million dollars. With this collapse nine hundred other American companies failed. Significantly, one not only survived, but prospered from the crash.
In Corsair, we learn that the Bank of England lent George Peabody and Company five million pounds during the panic of 1857. Winkler, in Morgan the Magnificent, says that the Bank of England advanced Peabody one million pounds, an enormous sum at that time, and the equivalent of one hundred million dollars today, to save the firm. However, no other firm received such beneficence during this Panic.
Ron Chernow wrote that the Morgan munificence was reprised in the 1907 panic:
“In the following days, acting like a one-man Federal Reserve system, [J. Pierpont] Morgan decided which firms would fail and which survive. Through a non stop flurry of meetings, he organized rescues of banks and trust companies, averted a shutdown of the New York Stock Exchange, and engineered a financial bailout of New York City.”
And this via JD [from NO]:
… and in the comments-
We are the victims of Unqualified Unlicensed cowboys working with Unregulated cowboy banks in Unregulated cowboy offshore sinkholes supported and protected in their endeavours by the UK Mafioso Establishment. It’s time the press took this seriously.
Report from October 20th:
An Alicante court has issued a writ to indict and interrogate French banking magnate Baron Rothschild, who will now appear in court.
Spanish lawyer Antonio Flores, of Marbella-based Lawbird Legal Services, has succeeded in his demand for the Denia court to indict Baron David de Rothschild, the chairman of Swiss holding company Rothschild Continuation Holidays.
The writ comes as part of an ongoing criminal case against N.M Rothschild & Sons, for fraud and fraudulent advertising.
Lawbird is representing 15 expat couples in their action against the multinational investment banking company, after allegedly being mis-sold €4 million worth of fraudulent equity releases.“
A great opportunity has opened before us to exert maximum pressure on N.M Rothschild & Sons,” said Flores.
If you combine that with yesterday’s doings with the EU:
… then you could be forgiven for thinking that none of these people are our friends.