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Jacob Schiff and the Art of RiskFinancing the War

Jacob Schiff and the Art of Risk: Financing the War [Jacob Schiff committed to the first loan to Japan in spring 1904, at a time that negotiations between Japan’s financial commissioner, Takahashi Korekiyo, and the English banking syndicate had reached a stalemate. Japan had won only one battle in its war against Russia, a land engagement on 1 May known as the Battle of the Yalu RiverBattle of the Yalu River. This occurred just three days before Schiff agreed to participate in the loans. Schiff’s intent to commit came before any other bank acted in recognition of this early display of Japan’s military prowess. Yet Schiff’s decision enabled all principals’ interests to coalesce.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Jacob Schiff and the Art of RiskFinancing the War

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2018
ISBN
978-3-319-90265-4
Pages
197 –269
DOI
10.1007/978-3-319-90266-1_7
Publisher site
See Chapter on Publisher Site

Abstract

[Jacob Schiff committed to the first loan to Japan in spring 1904, at a time that negotiations between Japan’s financial commissioner, Takahashi Korekiyo, and the English banking syndicate had reached a stalemate. Japan had won only one battle in its war against Russia, a land engagement on 1 May known as the Battle of the Yalu RiverBattle of the Yalu River. This occurred just three days before Schiff agreed to participate in the loans. Schiff’s intent to commit came before any other bank acted in recognition of this early display of Japan’s military prowess. Yet Schiff’s decision enabled all principals’ interests to coalesce.]

Published: Jun 20, 2018

Keywords: Takahashi Korekiyo; Lord Revelstoke; Japanese Loans; Baring Brothers; Imperial Japanese Government

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