자주인라디오 병쉰색희는 자딘매디슨을 로스차일드의 돈으로 운영된 아편무역 회사로 묘사하지만 틀렸다; 자딘매디슨의 전신인 Magniac, Smith & Co.의 창립멤버인 John Abel Smith가 버트런트 러셀의 할애비인 존 러셀과 함께 라이오넬 로스차일드를 1858년 하원의원에 초대한 것에서 보듯, 라이오넬 로스차일드의 친구였던 것은 사실이나, 회사 차원에서 자딘매디슨은 베어링과 경제공동체였고, 로스차일드-사순과 동아시아 마약무역에서 경쟁관계였다

 

Magniac, Smith & Co. was a 

British merchant banking and trading firm that did not have a direct business partnership or merger with the Rothschild family banking dynasty. The firms operated independently, though a partner of Magniac, Smith & Co. was personal friends with a Rothschild family member. 

The Firms' Histories
  • Magniac, Smith & Co. This firm, which became a merchant bank in London in 1835, evolved from the China trading company Magniac & Co.. Original partners included Hollingworth Magniac, John Abel Smith, and Oswald Smith. In 1841, the bank was renamed Magniac, Jardine & Co. when William Jardine became a partner, and it eventually became Matheson & Co. in 1848.
  • Rothschild & Co. The Rothschild family established an expansive banking empire across Europe in the late 18th and early 19th centuries, with Nathan Mayer Rothschild founding the London branch. The family's business has remained under continuous family control for over 200 years. 
Connection
The only link identified between the two entities is a personal one: John Abel Smith, a partner in Magniac, Smith & Co., was a friend of Lionel de Rothschild, the leader of the London Rothschild house. Smith also sat on the committee of an association founded by Rothschild. This was a personal connection, not a formal business one between the firms themselves. 


In the 19th-century opium trade, the relationship between Jardine Matheson and the Rothschild-Sassoon network was characterized more by a shift in market dominance and competition than by direct collaboration, though they operated within the same elite British commercial and political circles.

1. Jardine Matheson vs. the Sassoons

While both firms were titans of the opium trade, they were primarily competitors who dominated the market at different times.

  • Jardine Matheson’s Peak: Under founders William Jardine and James Matheson, the firm was the premier "agency house" in the mid-19th century. They were instrumental in lobbying for the First Opium War (1839–1842) to protect their trade interests.

  • The Sassoon Takeover: By the 1860s, David Sassoon & Co. began to aggressively undercut British competitors by purchasing crops directly from Indian producers rather than through middlemen. By the early 1870s, the Sassoons handled roughly 70% of the Indian opium trade, while Jardine Matheson had largely withdrawn from the drug trade to diversify into shipping, insurance, and textiles.

  • The "Rothschild" Connection: The Sassoons were often called "The Rothschilds of the East." While there were social and political overlaps (for instance, Abel Smith, a partner in Jardine Matheson, was a close friend of Lionel de Rothschild and helped him take his seat in Parliament), this did not equate to a joint venture in opium. Instead, they were part of a high-society network that shared political influence in London while competing for market share in Asia.

2. The Role of John Abel Smith

John Abel Smith serves as a vital link between these groups.

  • He was a founding partner of Jardine, Matheson & Co. (1832).

  • He acted as their primary representative in London, lobbying the British government on their behalf.

  • His connection to the Rothschilds was largely political and financial; he and Lord John Russell famously introduced Lionel de Rothschild to the House of Commons in 1858. This suggests that while their trading firmscompeted, their principals collaborated on the broader stage of British imperial and financial policy.

3. Connection with Baring Brothers

The connection between Barings (the merchant bank) and Jardine Matheson was primarily one of correspondence and agency.

  • Financial Agents: In the 19th century, Baring Brothers acted as a critical financial link for China traders. Records in the Baring Archive show extensive correspondence between Barings and Jardine Matheson.

  • Risk Management: Barings often acted as the "London house" for various Far East merchants, providing credit and handling bills of exchange. However, Barings was generally more cautious about direct involvement in opium compared to Jardine Matheson, often preferring to act as a financier or agent for less controversial commodities like tea and silk.

  • Market Intelligence: The firms exchanged frequent "memoranda on the state of the Canton market," sharing information on exchange rates, political climate, and trade embargoes.


Summary Table

FeatureJardine MathesonDavid Sassoon & Co.Baring Brothers
Primary RoleMerchant/Agency HouseMerchant/ProducerMerchant Bank
Opium StatusDominant until 1860sDominant from 1870s onwardsFinancier/Correspondent
Key LinkJohn Abel Smith"Rothschilds of the East"Financial Agent for Jardines

Would you like me to look further into the specific correspondence between the Baring Archive and Jardine Matheson regarding their tea or silk trades?

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