American boomers and the flotation of shares in the city of London in the late nineteenth century

Richard Hawkins

Business History, 2007, vol. 49, issue 6, 802-822

Abstract: During the late nineteenth century there was a wave of promotions of American companies on the London Stock Exchange, which have been described as 'free-standing'. The British company promoter, H. Osborne O'Hagan, is often regarded as the first mover in these promotions, a view based on his autobiography. This article suggests that, in fact, the American lawyer promoters, Samuel and Isaac Untermyer, were the first movers in these company promotions. This article looks at a number of free-standing companies where everyday managerial control was retained by the original managers, and in particular, the case of the Untermyer brothers who competed with O'Hagan.

Keywords: Samuel Untermyer; Isaac Untermyer; H. Osborne O'Hagan; Leopold Salomons; Henry Isaacs; Trustees; Executors & Securities Insurance Corporation Ltd; Foreign Portfolio Investment; Free-standing Companies; American Brewing Industry; American Tin Mining Industry (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (4)

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DOI: 10.1080/00076790701710282

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