Hollow Sword Blade Company | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-18

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Hollow_Sword_Blade_Company


00:00:51 1 Founder
00:02:24 2 Company origins
00:04:26 3 Banking operations



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Voice name: en-AU-Wavenet-D


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SUMMARY
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The Hollow Sword Blades Company was a British joint-stock company founded in 1691 by a goldsmith, Sir Stephen Evance, for the manufacture of hollow-ground rapiers. 
The company ceased manufacturing swords in 1702 following the suicide of its founder and was purchased by a syndicate of businessmen who used the corporate identity of the company to operate as a bank. At this time the Bank of England held a monopoly by act of parliament as the only organisation permitted to operate as a bank in England, so anyone wishing to carry out banking operations had to do so by devious means. The company was used as a stepping stone to the foundation of the South Sea Company which set out to supplant the Bank of England as banker to the government.