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By R.P.T. Davenport-Hines

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Extra info for Speculators and Patriots: Essays in Business Biography

Example text

His position in the new generation of international financiers and promoters was marginal, marked more by failure than success in conventional business terms. Yet his career as international civil servant, banker and mining company promoter in the Sublime Porte, South Africa, Paris and the City exemplifies several salient features of Victorian finance and provides an insight into a number of the City’s practices of company promotion and market rigging. The article is divided into four parts. The first part surveys Vincent’s youth and early career in Egypt where he was financial adviser to the Khedive.

20 Twice during 1884 the Egyptian government came within £E5,000 of insolvency, and it fell to Vincent to withstand the ‘pitiless pelting of that year of storms’. ‘To Mr Vincent was assigned the thankless task of refusing supplies alike to the deserving and undeserving’, according to his predecessor as Financial Adviser, Sir Auckland Colvin. ’ Under his auspices, a new coinage was introduced in 1886; during the following three years his attempt to reduce the corvée was partly blocked by French diplomacy; but he had more success in commuting government pensions, a traditional Egyptian extravagance.

P. 186. 32 HOOLEY AND THE BOVRIL COMPANY 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. Saturday Review, Vol. LXXXII (1896), p. 419. Dicks, op. , pp. 58–9. The Times, 22 Feb. 1943; Johnston, op. , p. 23. The Times, 21 July 1896 states they were nearly £30,000 at 30 June 1896; Grocers Journal, 25 July 1896, p. 18 suggests £46,750 at the same date. The Economist, 21 Nov. 1896, p. 1537. Mitchell and Deane, op. , p. 455. The Economist, 17 Oct.

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