The formation of the foundations and methods of managing people's capital in the Central Caucasus in the late of the 1840s (using the example of the malokabardinsky social sum)

The article investigates the issues of foundation development and ways of administering national capital in the Central Caucasus in the late of the 1840s, using the Malokabardin public administration as an example. The article identified the routes of replenishment and spending of monetary fees from the Malokabardinsky public during 1848-1849. It was determined that the primary source of income were monetary fees collected from the Malaya Kabarda population for the export of timber outside the Caucasian Line for sale, fines for crimes, and funds from the sale of property owned by locals who voluntarily moved from their native region to territories beyond the control of the Russian government. The Caucasian line’s head administers collected funds. The Caucasian Line forces’ headquarters, Chernomoriya, the head of the Caucasian Line Center, the Center’s state treasurer, and the Malaya Kabarda bailiff define their main operational areas within their respective jurisdictions. The mechanism for the treasurer to keep a specific corded ledger to record the arrival and expenditure of the Malokabardinsky public sum has been established, and the preservation of periodic reports on the arrival, expenditure, and balance of its amount has been examined. It is determined that in the late 1840s, the Malokabardinsky social sum was a significant financial instrument that established the principles and foundations for the growth and administration of the national capital. Its operation reflected the authorities’ goal to build a competent system of managing and accounting for financial resources in the Caucasus.