Lot 00154 |
James Lewis Farley: The Resources of Turkey considered with special reference to the profitable investment of capital in the Ottoman Empire.London 1862
First and only edition, in 8vo,contemporary cloth slightly rubbed,a binding for practical use,text clean,complete 288p., overall in very good condition.
A journalist and diplomat, James Lewis Farley (1823-1885) work became the investor's bible for the Ottoman Empire during the early 1860s.He was the accountant-general of the Ottoman Bank in Constantinople. He wrote this book specifically to provide data to British capitalists who were pouring money into Ottoman loans and infrastructure. Farley provides exhaustive tables of imports and exports for every major Ottoman port, from Constantinople and Smyrna to Salonica and Trebizond.He focuses on the untapped potential of Ottoman soil, specifically in the production of silk, cotton, and grain. He argues that with British capital and technology, the Empire could become the granary of Europe. He was a major booster for the development of railways and telegraph lines. He provides a status report on the Smyrna-Aidinio railway, the very first in the Empire. He tried to locate any hidden treasure with economic potential of the Levant, looked at the soil for profit,identifying major deposits of copper, lead, and coal. A very rare investors guide for the Levant