Banking and Business in South Africa by Stuart Jones (eds.)

By Stuart Jones (eds.)

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A. C. M. Webb, 'Mining in South Africa', in F. L. Coleman, South African Economic History, p. 190. , p. 191. F. Wilson, Labour in the South Africa Gold Mines, 1911-1969, Cambridge, 1972, p. 184. D. Hobart Houghton, The South African Economy, p. 46. , p. 57. , p. 42. , p. 243. South Africa: An Appraisal, Nedbank Group, 1983, p. 5. , pp. 74-5. , p. 76. , pp. 74-5. , p. 78. H. Oppenheimer, Address to the Chicago Council on Foreign Relations, 30 March 1983, Supplement to Optima, vol. 31, no. 2, 1984.

14 Only the latter can be regarded as contemplating high-risk business, so he will be the main concern here. Grant both made and lost a great deal of money during the course of his career in the City; his clientele apparently gave little thanks for the former and castigated him for the latter, and he has had a bad press. However, there are some features of his business practice that presage later developments and consequently deserve attention. According to H. O. O'Hagan, who succeeded Grant as the leading City promoter, he had 'a very great following of people who wanted to get rich quickly'; Grant said they included a string of aristocratic names as well as 'public writers', clergymen, barristers and other reputable citizens.

45. 46. 45 J. W. McCarty thesis pp. 174-9; Guildhall Library, London, Morgan Grenfell Mss 21,799, p. 27. H. Bullock, The Story of Investment Companies, New York, 1959; J. C. Gilbert, A History of Investment Trusts in Dundee, London, 1939. 'Scottish Capital Approach', Blackwood's Edinburgh Magazine, CXXXV,1884. N. Fitzherbert, Robert Fleming Holdings: A Work of Research (typescript, 1983, at R. , London) citing letter of 24 January 1881. , London Commercial List, 1877; Eton College Register; BaWol College Register 1832-1914, p.

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