Beyond Market and Hierarchy: Patriotic Capitalism and the by Kwan Man Bun (auth.)

By Kwan Man Bun (auth.)

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Extra info for Beyond Market and Hierarchy: Patriotic Capitalism and the Jiuda Salt Refinery, 1914–1953

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Battling Bureaucrats Jiuda’s battle, however, had only just begun. The return of Zhou Xuexi in March 1915 as Finance Minister exposed the transitive liability of the company’s network. 63 Henceforth, Jing continued his campaign as a private citizen, albeit a well-connected one, over issues that affected the company’s viability: the length of grace period and method of gabelle payment, franchise regulations, scientific determination of wastage rate, and whether the gabelle should be adjusted accordingly.

Despite these competing ties, Bian maintained a close personal relationship with Fan, frequently sharing information, advice, and access, in addition to arranging his chemist sons to work for Fan. 39 In practice, then, Jiuda’s bank network was also internally differentiated by the varying strengths of Fan’s relationship with the banks and the bankers, as well as the bankers’ own rival claims, creating a hierarchy within Jiuda’s bank network. 41 A node in his own right as a leading intellectual and national political figure, Liang worked with (and against) Yuan Shikai in various capacities, including brief stints as Minister of Justice (1913–1914), director of the Bureau of Currency Reform (Bizhiju, 1914), and the Council of State (Canzhengyuan, 1914).

38 When Beijing politics shifted, Bian along with Sun moved to Tianjin and, as a board member, helped form the Zhongfu yinhang (Chung Fu Union Bank, founded 1916 and headquartered in Tianjin until 1930). 28%) of Jiuda by 1941. Despite these competing ties, Bian maintained a close personal relationship with Fan, frequently sharing information, advice, and access, in addition to arranging his chemist sons to work for Fan. 39 In practice, then, Jiuda’s bank network was also internally differentiated by the varying strengths of Fan’s relationship with the banks and the bankers, as well as the bankers’ own rival claims, creating a hierarchy within Jiuda’s bank network.

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