Public Capital in Administration of Caucasus Line Center at Turn of 1840s to 1850s

This study investigates the history of public capital development within the administration of the Caucasus Line Center during the turn of the 1840s to 1850s through an analysis of the Kabardian Public Fund. Unpublished documents from the administrative center, the temporary court of Kabarda, district administrations, and fort commandants were utilized as sources. The organizational foundations for managing this public fund are examined, including its revenue streams and expenditure categories. It is emphasized that the fund functioned as a comprehensive financial institution, accumulating funds collected from representatives of various ethnic groups such as the Kabards, part of Ossetians, Karachais, Abazins, and residents of Takhtamyshev villages. At one point, it was collectively referred to as “The Kabardian Public Fund of Greater and Lesser Kabarda and Other Peoples.” The origins of this form of public capital accumulation can be traced back to the late 1840s and early 1850s when key principles governing its operation began to take shape, which remained applicable until 1917. Collected resources were primarily directed towards funding important projects like school construction and teacher salaries

Capital expenditure · Public capital · Public expenditure · Revenue · Sovereign wealth fund · Impulse Buying and Technology Impacts · Psycholinguistics and Behavioral Studies · Social and Behavioral Studies