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HESELTINE POWELL AND COMPANY

Identity Statement

Reference code(s): GB 0074 CLC/B/115
Held at: London Metropolitan Archives
  Click here to find out how to view this collection at https://www.cityoflondon.gov.uk/things-to-do/london-metropolitan-archives/Pages/ ›
Full title: HESELTINE POWELL AND COMPANY
Date(s): [1830-1965]
Level of description: Collection
Extent: 72 production units.
Name of creator(s): Heseltine, Powell and Co | stockbrokers

Context

Administrative/Biographical history:

Charles W. Marten and Edward Heseltine began trading together as stock and share brokers under the name Marten and Heseltine in 1848 at 9 Finch Lane, Cornhill.

In 1852 Thomas W Powell joined the business and its name was listed in the London Directories from that year as Marten and Powell (1852 only) and Heseltine, Powell (1852-1866). In 1867 its style changed to Heseltine, Powell and Company and remained as such for the next 110 years.

In 1977 the name of the business changed to Heseltine, Moss and Company and in 1987 they became members of Brown Shipley Stockbroking Limited.

Edward Heseltine and Thomas Powell were particularly interested in the shares and bonds of the developing American railroads and, in letters to the Stock Exchange in 1908, the company claimed that it was their encouragement of investors which had stimulated interest in the American market and helped to create the arbitrage business.

The firm remained at Finch Lane until 1856, but thereafter made several moves, to Spread Eagle Court, 3 Threadneedle Street (1856-60)); 2 Royal Exchange Buildings (1861-6); 6A Austin Friars (1867-78); 1 Drapers Gardens, Throgmorton Street (1879-1962); 3/4Trump Street (1963-86); and 10 Foster Lane (1987- ).

Content

Scope and content/abstract:

Records of Heseltine, Powell and Company, stockbrokers, including a register of clients, clients stock ledgers, correspondence, diaries and financial material. Some of the records relate to the mining industry, and to the funding and development of railroads in America. There are also papers regarding the loss of stock certificates on the S.S. Titanic.

Access & Use

Language/scripts of material:
English

System of arrangement:

Records arranged by MS number, assigned during cataloguing at the Guildhall Library Manuscripts Section.

Conditions governing access:

Access by appointment only. Please contact staff.

Conditions governing reproduction:

Copyright to this collection rests with the depositor.

Finding aids:

Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm

Archival Information

Archival history:

Immediate source of acquisition:

The records were deposited in Guildhall Library in 1969, 1986 and 1987 and converted to a gift in January 1988. The Guildhall Library Manuscripts Section merged with the London Metropolitan Archives in 2009.

Allied Materials

Related material:

Publication note:

For further background information see P. G. Warren, One Hundred Years of Stockbroking - Heseltine, Powell & Co. 1851-1951 available in the Printed Books Section of Guildhall Library.

Description Notes

Archivist's note:

Rules or conventions:
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.

Date(s) of descriptions:
November 2010 to January 2011.

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