Regional Municipality Councilors as Creditors: Concerning a Publication in the Dunav Newspaper of 1872
Hristiyan Atanasov (h_atanasov79@yahoo.com)
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Hristiyan Atanasov: State University of Library Studies and Information Technologies, Sofia, Bulgaria
Proceedings of the Centre for Economic History Research, 2020, vol. 5, 135-149
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.
Keywords: Ottoman history; Tanzimat; municipal councils; interest; yearbooks (search for similar items in EconPapers)
JEL-codes: N23 N25 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ceh:journl:y:2020:v:5:p:135-149
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