Scottish American Investment Company: Difference between revisions

SAINTS was initially formed as The Scottish American Investment Company Limited by William Menzies in March 1873. Menzies was an Edinburgh lawyer who had visited the United States on several occasions during the 1860s and was struck during those visits by the wealth of investment opportunities in that young and rapidly growing nation. AmongJ. theS. otherKennedy co-founderswas werean Scottish emigrant American banker [[John Stewart Kennedy]]<ref>{{cite web|url=https://www.yumpu.com/en/document/read/13419963/john-stewart-kennedy-and-the-city-of-glasgow-bank-business-|website=Dissertations in economic and business history|title=JS Kennedy and the city of Glasgow bank}}</ref> he, William Butler Duncan and John A. Stewart comprised the first advisory Board based in New York, but they were not co-founders. Likewise, Robert Fleming of Dundee and later London financier helped found the Scottish American Investment Trust, and later to be revised to the First Scottish American Investment Trust, Limited. But Fleming was not associated with Wm. John Menzies and the Edinburgh Scottish American Investment Company, Limited. [[Robert Fleming (financier)|Robert Fleming]].<ref>{{cite book|url=https://books.google.com/books?id=2jyoLCZAbkkC&pg=PA141|title= Capitalism in a Mature Economy: Financial Institutions, Capital Exports and British Industry, 1870-1939|first1=Jean-Jacques|last1= Van Helten |first2=Youssef |last2=Cassis |publisher=Edward Elgar Publishing|year=1990|isbn=978-1852783181}}</ref>