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Why did Rufus King express concern about Bird, Savage & Bird?
💡 The Answer
- In 1802, Rufus King, American ambassador to Britain, instructed them to make a routine payment.
- The firm was reluctant to fully comply with the payment request.
- This reluctance led King to fear their affairs might be embarrassed.
- His fears were realized in early 1803 when the firm failed.
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