American Trading Company of Borneo
The American Trading Company of Borneo was a chartered company formed by Joseph William Torrey, Thomas Bradley Harris and several Chinese investors shortly after the acquisition over a parcel of land in northern Borneo from the Sultanate of Brunei.[1] The first American settlement in the area soon was named "Ellena",[2] although it was abandoned later due to financial difficulties, diseases and riots among the workers.[3]
History
[edit]In 1850, the United States and Brunei signed a commercial treaty, which was activated in 1865. Out of this agreement, C.L. Moses, the US First Consul to the sultanate, secured a lease of a large territorial concession in North Borneo.[4] The grant was made in an effort by the Sultan –who still had to address internal power struggle–[5] to solve the problems of rebellion and piracy in North Borneo.[6] Moses concessions were immediately sold to Torrey, a Hong Kong merchant. Together with his associates, Torrey founded the American Trading Company in their attempt to develop plantation agriculture at Kimanis in 1865.[4] This group then sold the lease to Gustav Overbeck in Hong Kong.[6]
References
[edit]- ^ K. G. Tregonning (November 1954). "American Activity in North Borneo, 1865-1881". Pacific Historical Review. 23 (4): 357–372. doi:10.2307/3634654. JSTOR 3634654.
- ^ Richard Ker (August 26, 2012). "Ellena – America's Lost Colony in Kimanis of North Borneo". North Borneo Historical Society. Archived from the original on May 21, 2017. Retrieved May 21, 2017.
- ^ James W. Gould (1969). The United States and Malaysia. Harvard University Press. pp. 63–. ISBN 978-0-674-92615-8.
- ^ a b Singh, D. S. Ranjit (2019). The Indonesia-Malaysia Dispute Concerning Sovereignty over Sipadan and Ligitan Islands: Historical Antecedents and the International Court of Justice Judgment. Singapore: ISEAS-Yusof Ishak Institute. p. 32. ISBN 978-981-4843-64-5.
- ^ Fitzgerald, Robert (2015). The Rise of the Global Company: Multinationals and the Making of the Modern World. Cambridge, UK: Cambridge University Press. p. 75. ISBN 978-0-521-84974-6.
- ^ a b Ciravegna, Luciano; Fitzgerald, Robert; Kundu, Sumit (August 29, 2013). Operating in Emerging Markets: A Guide to Management and Strategy in the New International Economy. Upper Saddle River, NJ: FT Press. p. 77. ISBN 978-0-13-298338-9.
External links
[edit]
Media related to Colony Ellena at Wikimedia Commons
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- American companies established in 1865
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