S3E4: The Crash Of 1864-65 | Bombay Born 4
Historychatter Podcast
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The History of the Bombay Reclamation Company
Bombay Reclamation or Back Bay Company was the forerunner of half a dozen similar enterprises. The tide of headlong speculation set in with the start which the Asiatic Bank gave to India-China Financial Association (ICFA) In those days, the shrewd class of lawyers would be put into requisition to draw up the formal memorandum and articles of association as the promoters desired. They were infatuated enough to believe that thousands could be made with the speed of a magic trick. When a contagion of this character spreads, the community is carried away.
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