Lee, Higginson & Company Belgian investment letter, 1920

Contributed by Maine Historical Society

Lee, Higginson & Company Belgian investment letter, 1920

Purchase a reproduction of this item on VintageMaineImages.com.

This record was added to Maine Memory Network through the efforts of a student at University of North Texas.


After World War I and during Belgium’s reconstruction period, American investment banks orchestrated opportunities to benefit from the peace terms. As a result of the Treaty of Versailles, Germany was required to pay war reparations to European countries, specifically Belgium.

Investment banks like Boston-based Lee, Higginson & Company encouraged its clients to purchase Belgium’s debt, predicting a 7% return. This letter, sent from the Portland office, outlines the economic potential.

While Belgium’s economy began to turn around by 1926, Lee, Higginson & Company closed in 1932 after suffering staggering loses in the famed ‘Swedish Match’ pyramid scheme.

View/Add Comments


Item has a transcription view a full transcription

About This Item

  • Title: Lee, Higginson & Company Belgian investment letter, 1920
  • Creator: Lee, Higginson & Company
  • Creation Date: 1920
  • Subject Date: 1920-01-14
  • Town: Boston, Portland
  • County: Cumberland, Suffolk
  • State: MA, ME
  • Media: Ink on paper
  • Dimensions: 28 cm x 21 cm
  • Local Code: Pamphlet 5546
  • Object Type: Text

Cross Reference Searches

Standardized Subject Headings

Other Keywords

For more information about this item, contact:

Maine Historical Society
485 Congress Street, Portland, ME 04101
(207) 774-1822 x230

The copyright and related rights status of this item have not been evaluated. Please contact the contributing repository for more information.

Please post your comment below to share with others. If you'd like to privately share a comment or correction with MMN staff, please use this form.