A Russian Bank in the Khanate of Khiva of Novo-Urgench Branch of the Russo-Asiatic Commercial Bank B

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A Russian Bank in the Khanate of Khiva of Novo-Urgench Branch of the Russo-Asiatic Commercial Bank B Вестник СПбГУ. История. 2020. Т. 65. Вып. 3 A Russian Bank in the Khanate of Khiva of Novo-Urgench Branch of the Russo-Asiatic Commercial Bank B. A. Alimdjanov, D. G. Yanchenko For citation: Alimdjanov B. A., Yanchenko D. G. A Russian Bank in the Khanate of Khiva of Novo- Urgench Branch of the Russo-Asiatic Commercial Bank. Vestnik of Saint Petersburg University. Histo- ry, 2020, vol. 65, issue 3, рp. 790–813. https://doi.org/10.21638/11701/spbu02.2020.306 Cotton farming, being one of the leading branches of economic activity of Turkestan of the beginning of the 20th century, attracted the attention of big investors of the Russian Empire. This article examines functioning of the Novo-Urgench branch of the Russo-Asian commer- cial bank (RACB) on the basis of the material from Russian State Historical Archive (RGIA): successful and unsuccessful operations, organizational structure, interaction with clients, and its influence on the regional market. The unique character of this branch of one of the larg- est Russian banks lay in that fact that it was the only lending and financial institution that expanded its operations throughout the entire oasis of Khiva, including territories that were under control of the Khan of Khiva. Both local political and economic elites and entrepre- neurs from Central Russia were clients and partners of the Novo-Urgench branch of the bank. Wide-spread liaisons allowed the institution to promptly conquer and maintain, even under conditions of a crisis, its niche on the market of financial services in Central Asia. On the threshold of the World War I, the bank attempted to monopolize cotton farming, working with big clients and even stimulating development of the processing industry. Novo-Urgench branch of the Russo-Asian bank provided help to the local merchantry trying to increase ex- port of raw cotton and to enter both Russia-wide and international markets. For the objective reasons of shortage of liquid assets, underdeveloped infrastructure of the region, swings in stock-exchange and problems with human resources, the Novo-Urgench branch of the Rus- so-Asiatic bank could not capture and control the Khivan market. During the war years, the Bakhtiyor A. Alimdjanov — PhD in History, Postdoctoral Student, Al-Beruni Institute of Oriental Studies of Uzbekistan, 79, ul. M. Ulughbeka, Tashkent, 100179, Uzbekistan; Visiting Researcher, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation; [email protected] Бахтиёр Абдихакимович Алимджанов — канд. ист. наук, докторант, Институт Востоковедения им. Абу Райхана Беруни, Узбекистан, 100179, Ташкент, ул. М. Улугбека, 79; приглашенный исследова- тель, Санкт-Петербургский государственный университет, Российская Федерация, 199034, Санкт- Петербург, Университетская наб., 7–9; [email protected] Denis G. Yanchenko — PhD in History, Аssociate Professor, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation; [email protected] Денис Геннадьевич Янченко — канд. ист. наук, доц., Санкт-Петербургский государствен- ный университет, Российская Федерация, 199034, Санкт-Петербург, Университетская наб., 7–9; [email protected] The study was supported by the research grant No. 18-18-00142 “The Center and the regions: state economic policy on the outskirts of the Russian Empire (1894–1917)” of the Russian Science Foundation Исследование выполнено за счет средств проекта РНФ № 18-18-00142 «Центр и регионы: эко- номическая политика правительства на окраинах Российской империи (1894–1917)». © Санкт-Петербургский государственный университет, 2020 790 https://doi.org/10.21638/11701/spbu02.2020.306 Central Asian periphery was under the influence of the problems characteristic of not only the banking sector, but Russian economy as a whole. Keywords: Russian-Asian Commercial Bank, Khanate of Khiva, Turkestan, cotton, alfalfa, Rus- sian Empire. Российский банк в Хивинском ханстве Ново-Ургенчского отделения Русско-Азиатского коммерческого банка Б. А. Алимджанов, Д. Г. Янченко Для цитирования: Alimdjanov B. A., Yanchenko D. G. A Russian Bank in the Khanate of Khiva of Novo-Urgench Branch of the Russo-Asiatic Commercial Bank // Вестник Санкт-Петербургского университета. История. 2020. Т. 65. Вып. 3. С. 790–813. https://doi.org/10.21638/11701/spbu02.2020.306 Хлопководство, как одна из ведущих отраслей экономики Туркестана начала XX в., привлекало внимание крупных инвесторов Российской империи. В советской и со- временной историографии интерес к деятельности имперских банков на территории Центральной Азии обусловлен продолжающимися дискуссиями о роли и значении российского капитала в экономическом развитии региона. Зачастую для принятия ра- циональных долгосрочных финансовых решений представителям российского капи- тала на окраинах нужно было тщательно изучить специфику местной политической ситуации. В статье на основе материалов Российского государственного историческо- го архива подробно рассмотрено функционирование Ново-Ургенчского отделения Русско-Азиатского коммерческого банка: успешные и неудачные операции, органи- зационная структура, взаимодействие с клиентами, влияние на региональном рынке. Уникальность этого филиала одного из крупнейших русских банков в том, что он был единственным кредитно-финансовым учреждением, развивавшим свою деятельность по всему Хивинскому оазису, включая территории, подконтрольные хивинскому хану. Клиентами и партнерами Ново-Ургенчского филиала банка становились как предста- вители местной политической и экономической элиты, так и предприниматели из Цен- тральной России. Широта связей позволила этому учреждению в короткий срок заво- евать и сохранять даже в кризисных условиях свою нишу на рынке финансовых услуг в Центральной Азии. Накануне Первой мировой войны банк принял решение моно- полизировать хлопковую отрасль, работая с крупными клиентами и даже стимулируя развитие обрабатывающей промышленности. Ново-Ургенчский филиал Русско-Ази- атского банка оказывал помощь местному купечеству в попытках увеличить экспорт сырья и выйти не только на общероссийский, но и на международный рынок. В силу объективных причин (нехватка оборотных средств, слабая инфраструктура региона, биржевые колебания, кадровые проблемы) Ново-Ургенчский филиал не смог захва- тить и контролировать рынок Хивы. В годы Первой мировой войны влияние проблем, характерных для банковского сектора, как и для всей экономики России, в полной мере испытала и среднеазиатская окраина. Ключевые слова: Русско-Азиатский коммерческий банк, Хивинское ханство, Туркестан, хлопок, Российская империя. History of banks and banking in Turkestan has barely been researched, and where it has, it mostly shed light upon these aspects within the framework of the Soviet concept of “monopolistic capitalism”. Researchers have only fragmentarily studied operations of the Вестник СПбГУ. История. 2020. Т. 65. Вып. 3 791 State bank of the Russian Empire, Russo-Asiatic1 and Volzhsko-Kamski banks. It is not possible today to clearly evaluate and characterize activities and functioning of the banks of the Empire in Central Asia on the basis of the works by Soviet and post-Soviet histori- ans as they often contradict contemporary concepts of empire. According to a famous Soviet historian who researched the topic, A. S. Sadykov, “ac- tivities of the financial capital did not transform the character of the commodity-money and credit relationships which existed in Khiva in the past; they only created a certain hierarchy where almost all producers were subject to the banking capital (through mid- dlemen)”2. Given that, Z. D. Kastel’skaia argues “Russian capitalism created a vast system of banks in Turkestan to the end of exploiting the local economy”3. However, we favour N. B. Khotamov’s opinion, characteristic of late Soviet historiog- raphy: “Russian financial capital in its colony, the Central Asia… did not provide assis- tance to the local banks which emerged in the region independently of the Russian ones, and therefore remained weak and did not have a significant influence on the economic life”4. Nowadays, it is difficult to agree with the view that activities of merchants and entre- preneurs were a sign of emergence of “local industrial and commercial bourgeoisie” in the region which held strong economic position, where “connections and strong financial de- pendence on Russian commercial, industrial and especially banking capital did not allow it to become the monopolist in the commercial and industrial sector”5. Consequently, all above-stated ideas call for re-interpretation. The analysis of the sources and contemporary historiography on the subject enable to confidently maintain that it was virtually impossible to become a monopolist in the profiteering economy that developed in the Khanate of Khiva. Establishing routes of communication and building railroads indeed strengthened ties between central parts of the country and its economically backward outskirts, stim- ulated their involvement in the Russian market, promoted emergence and development of economic sectors (most of all, those related to cotton farming) previously unknown to Russia’s Central Asia, and even their entering the international market as T. M. Kitanina 1 Aminov A. M. Ekonomicheskoe razvitie Srednei Azii (Kolonial’nyi period). Tashkent, 1959. P. 272; Veksel’man M. I. Rossiiskii monopolisticheskii I inostrannyi kapital v Srednei Azii (konets XIX — nachalo ХХ v.). Tashkent, 1987. P. 35, 40–50, 62–67, 69–74, 82–83, 85–90, 93, 114–116, 119–120; Gindin
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