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Frederick Cornes, 1837–1927: Founder And Senior Partner Of Cornes And Company (1873–1911)

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Chapter Summary

William Aspinall and Frederick Cornes worked closely together in Yokohama from the establishment of their partnership in 1861 until October 1863. Cornes and Company, unlike many of its competitors, was remarkably successful in adapting to the changes in its trading environment. Thus it steadily reduced its direct involvement in both the export of raw silk and green tea and largely confined itself to working on a commission basis or via joint accounts. Following the discovery of fraud by the principal silk buyer in 1902, Cornes closed their silk piece goods department; at that time its stock was still valued at over £41,000.The firm also greatly extended over time the range of its imports into Japan so that while these continued to include the finer quality textiles and yarns from the U.K. It also provided cheaper yarns from Bombay.

Keywords: Frederick Cornes; Japan; trading environment; William Aspinall; Yokohama



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