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SMW for 6 January 2023




AT THE CLOSING BELL ON 6 January 2023


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Quote for the Day:

But of course, there are other perspectives on the whole phenomenon, beginning with the long-run assertion that there was nothing new about close links between the City of London and landed society. The copper merchant and Bank of England director Charles Pascoe Grenfell (1790-1867) married the daughter of the Earl of Sefton; while his son Charles William (1823-61), elder brother of Henry, married the granddaughter of the second Earl of Harewood. One has only to examine the composition of the Phoenix Assurance board from 1840 to see there a strong cluster of City merchants and others whose fathers had actually had country seats. Nor, in terms of the accelerated integration that undoubtedly did take place in the late nineteenth century, should one be naive about the process.

David Kynaston. City of London: The History. Edited by David Milner. Vintage Books. (c) 2011.