Capital in other Industries

The history of the capitalization of other trades is not so illuminating as that of the pioneer engineering firm. In the first place, London was the only town where the bankers had control over large capitals, ³¹² and, in many cases, appeal had even yet to be made from London to Amsterdam; ³¹³ and the history of the connexion between one banking house and an industry must have been fairly typical. Moreover, in many industries large scale production and large capital could exist side by side with a small scale production and a very small capital, ³¹⁴ but this was impossible in the steam-engine business, combined as it was with a monopoly.