The Simplified Wealth of Nations of Adam Smith, Book 5, Chapter 1i: The Turkey Company


Chapter 1i: The Turkey Company (1581-1825)

 
A Turkey Company merchant, Francis Levett
A Turkey Company merchant, Francis Levett
99 The fine for admission into the Turkey Company was formerly: Only mere merchants could be admitted. 100 Sir Josiah Child observed that regulated companies frequently supported public ministers.
  1. The directors of a regulated company have no interest in the prosperity of the company's general trade which maintains such forts.
  1. The directors of a joint stock company always manage a large capital.

Next: Chapter 1j: The African Company