Hornblower & Weeks was founded in 1889 by brothers George and Henry Weeks. The company started as a small investment firm in Boston, Massachusetts.
The Weeks brothers had a strong vision for the company, which focused on providing expert investment advice to their clients. They built a reputation for their integrity and commitment to excellence.
Hornblower & Weeks went on to become one of the largest investment firms in the country, with a presence in major cities across the United States. The company's success was built on the principles of the Weeks brothers, who prioritized their clients' needs above all else.
The company's growth and success were a testament to the Weeks brothers' hard work and dedication to their craft.
Founding and Early History
Hornblower & Weeks was founded on August 7, 1888, by Henry Hornblower and John W. Weeks. They took over the business of Hornblower & Page, which had been founded and managed by Henry's father, Edward Thomas Hornblower.
Suggestion: Henry Paulson Goldman Sachs
The Hornblower family has a long history in Boston, with the name being one of the most distinguished in the city. Henry Hornblower joined his father's firm in 1879 at the age of 16, serving as a clerk.
The original office of Hornblower & Weeks was located at 51 State Street, with just one clerk, James J. Phelan, who would later become a partner of the firm. Phelan's dedication and hard work were instrumental in the firm's early success.
In 1889, Hornblower & Weeks bought a seat on the New York Stock Exchange for $19,000 and moved to the Merchant's Bank Building on Devonshire Street. This strategic move marked a significant milestone in the firm's growth and expansion.
The young firm survived the Panic of 1893, a period of economic turmoil that saw numerous failures of industrial corporations and financial houses. This achievement demonstrated the firm's resilience and ability to adapt to challenging circumstances.
Hornblower & Weeks eventually moved to larger quarters on the second floor of the Exchange Building at 53 State Street, marking another significant step in the firm's growth and development.
A unique perspective: Investment Firm Specialising in Managing Risk
Sources
- https://en.wikipedia.org/wiki/Hornblower_%26_Weeks
- https://archives-manuscripts.dartmouth.edu/agents/people/1219
- https://portal.ct.gov/DOB/Securities-Bulletin/2002/Winter-2002-Securities-Bulletin
- https://fr.findagrave.com/memorial/98378700/henry-hornblower
- https://portal.ct.gov/DOB/Bulletin/2002/News-Bulletin-2020--November-8-2002
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