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Regional Municipality Councilors as Creditors: Concerning a Publication in the Dunav Newspaper of 1872

Author

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  • Hristiyan Atanasov

    (State University of Library Studies and Information Technologies, Sofia, Bulgaria)

Abstract

The article presents the Tanzimat (the reform period)–created municipality councils and their role in the Ottoman province administrative system. The focus is on the capitals that these councils successfully accumulated and managed. The employees will be presented responsible for the cash funds in the area and the amount of money. These financial assets were used for giving loans with interest. Yet another proof that when there is strong market demand, combined with feeble supply, the normative acts are usually ignored. The research is based on the published ten volumes of Ottoman statistical yearly editions on the Danube area chronologically comprising the period from 1868/1869 to 1877/1878. Besides, several materials have been used taken from the officious newspaper The Dunav (Danube). These represent the administrative framework where municipality councils are located and function. Special attention has been paid to one publication of 5th January 1872, which proves that the municipality councilors used to lend money with interest.

Suggested Citation

  • Hristiyan Atanasov, 2020. "Regional Municipality Councilors as Creditors: Concerning a Publication in the Dunav Newspaper of 1872," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 5, pages 135-149, November.
    • Handle: RePEc:ceh:journl:y:2020:v:5:p:135-149
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    References listed on IDEAS

    as
    1. Hristiyan Atanasov, 2018. "Credit Institutions in the Bulgarian Lands during the 18th and 19th Centuries. An Attempt for Review," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 3, pages 62-75, November.
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    Cited by:

    1. Hristiyan Atanasov, 2021. "Buying Ottoman Debt before the Bankruptcy: Some Observations on the Emission of New Bonds (ESHAM-I CEDID) in 1871–1872," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 6, pages 86-103, November.

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    More about this item

    Keywords

    Ottoman history; Tanzimat; municipal councils; interest; yearbooks;
    All these keywords.

    JEL classification:

    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East

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