THE FINANCING OF CARRON COMPANY.

Focuses on Carron Company, which was founded by a Scot, William Cadell, and two Englishmen, Samuel Garbett and John Roebuck. The lack of resources in Scotland's banking system; Difficulty in financing the ironworks company, which had a liquidity problem and needed working capital; How the founders and their families raised the initial capital; Provisions of the partnership agreement; The restriction of the banks' deflationary policy; Decision of Carron to overcome the credit restriction and follow the system described by Adam Smith; Problems in marketing Carron's product; The role of manager Charles Gascoigne in deepening the financial problems of the company in the 1770s; Further complications to the financial structure of Carron.