Abstract
The reconstruction of the partnership in 1849 was an important turning point in the history of J. Henry Schröder and Co. For the first time the firm had two full resident partners who devoted themselves to the development of its business. One measure of their achievements is the increase in the number of clerks from ten in 1849 to twenty-five in 1870. Another yardstick is the growth of the capital from £244,000 in 1852, the first year for which figures are available, to £890,000 in 1870 — from about £9 million to £31 million in 1990 money. By the latter date Schröders and Kleinworts were the largest of the City’s Anglo-German houses, though still considerably smaller than Rothschilds or the leading Anglo-American firms, Barings and Brown, Shipley. Table 3.1 shows the capital of some leading merchant banks around 1870, though these figures may not have been recorded on the same basis.
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Notes and References
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© 1992 J. Henry Schroder Wagg & Co. Ltd
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Roberts, R. (1992). Emergence as Leading Merchant Bankers 1849–71. In: Schroders. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-09650-3_3
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