465:
of the business by retaining founders' shares that gave them powers to override directors and shareholders. This new business became involved with the purchase and sale of a store in
Clapham, London called Grice and Son. The purchase price was about £17,000 and the sale price £48,000. It transpired that the directors selling the business and those buying were the same individuals, but this was not declared on the prospectus nor was the profit they made from the deal.
190:. He was a merchant in China for a period and in the mid 1880s worked in London for the former Hong Kong Bank chairman, Baron Adolf von André. Mendel became a partner of this business in 1886. In 1889 he was appointed a director of Trustees, Executors, and Securities Insurance Corporation (Limited), a business that made money from promoting and underwriting companies.
33:
464:
The company that Mendel and André operated during this period was called
Industrial Contract Syndicate (Limited). In 1896 they created a company called Industrial Contract Corporation (Limited) with directors James Jackson (Chairman), Newton, Bailey and Burbidge. Mendel and André maintained control
490:
Mendel married Edith Wynne Jones in 1894 and they had three children, Beatrix Mary Wynne, Vera
Rosalind Wynne and Reginald William. Mendel became a naturalised British citizen in 1889. He died on 3 January 1917 in 31 Hans Mansions, London - one of the Harrod's apartments. Probate indicated that he
472:
Because the case was purely an examination, the judge, Mr
Justice Wright, was not required to provide a ruling but he summarized at the end. He said that the memorandum of articles of association were a scandal; they gave Mendel and André the same voting rights as the shareholders and another clause
206:
departmental store to a company called Harrod’s Stores (Limited). The capital for this was raised via a stock market flotation, underwritten by André & Mendel. They received their commission plus 466 £1 founders’ shares of the 1400 that were issued. Their annual dividend from these shares was
230:
The shareholders were either ungrateful to Mendel or unaware of the part he had played because in 1899, when he came up for re-election by rotation to the board of directors, the shareholders rejected him due to his poor attendance record at meetings. A special shareholders meeting was convened at
468:
A dispute with the shareholder led to the prospects of a winding-up procedure in public court. This was avoided with a compromise agreed between the parties but Alfred Newton, who had just been elected Lord Mayor of London, asked for the case be re-opened so that the whole matter could be given a
238:
was created. Mendel travelled to
Argentina to make his own assessment of the scheme and negotiate the business arrangements before the prospectus was published in September 1913. As a show of confidence in the scheme, the Harrods directors sub-underwrote large portions of the shares on offer.
460:
Mendel’s fellow directors at Harrod’s were also involved in these deals. The chairman of
Harrods, Alfred Newton, became chairman of D. H. Evans and J. R. Roberts. Edgar Cohen was chairman of Louise & Co., whilst James Bailey and Richard Burbidge were directors of D. H. Evans and others.
226:
who had worked for
Whiteley's - one of the largest stores in London. Burbidge started in 1891 and soon recommended a major expansion plan for the store. To achieve this, an extra £100,000 investment was required, and William Mendel was appointed to the board to help raise the capital.
481:
André & Mendel were involved with other business interests including railroads and mining. The
Investors' Review of October 1898 attempted to identify their involvements with mining companies in Western Australia but found it almost impossible to untangle the web of dealings.
542:
Certificate of
Naturalisation July 17, 1889; The National Archives; Kew, Surrey, England; Duplicate Certificates of Naturalisation, Declarations of British Nationality, and Declarations of Alienage; Class: HO 334; Piece: 17; Publisher Ancestry.com Operations,
469:
public hearing. During the case, evidence was given that Mendel had written to several of the influential newspapers of the period, asking for favourable reviews of the flotation, and these letters were followed up with financial inducements.
258:
Following on from their success with
Harrods, Mendel and his partners promoted the stock market flotation of several other retail outlets in the 1890s, invariably taking founders' shares. These included:
222:
The store went through a difficult period after Charles Harrod left, and income dropped. Harrod was asked to return and he recommended a new general manager be appointed called
158:(1854–1917) was a British financier who with his partners arranged funding for several businesses in Britain during the late 19th and early 20th century. These included
522:
When Mendel joined the partnership it was called André, Reiners & Co. Reiners returned to Germany and the partnership in Britain became André, Mendel & Co.
207:
significant, for example in 1911-12 a £1 founders share paid a dividend of 5800%. Other holders of founders' shares included three directors of Harrod's Store:
1106:
170:. Some of their money making activities were controversial and evidence was given in court that they paid inducements to newspapers for favourable reviews.
250:
to buy a large portion of the shares. He offered these to Harrods and as a gesture contributed £5000 of his commission towards the purchase.
664:
1214:
1224:
1168:
England & Wales, National Probate Calendar (Index of Wills and Administrations), 1858-1966, 1973-1995 for William Mendel
554:
564:
216:
946:
772:
746:
1219:
1084:
612:
898:
1139:
1054:
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686:
828:"D. H. Evans and Company Limited". Manchester Courier and Lancashire General Advertiser. 9 April 1894.
638:
876:
208:
1128:"The Lord Mayor as Company Promoter". No. Page 2. Dublin Daily Nation. 6 December 1899.
972:
1204:
1199:
235:
199:
587:
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which the chairman persuaded the shareholders to accept him back and he was re-appointed.
8:
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in 1914. A prospectus was issued explaining that Mendel had obtained the option from
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187:
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89:
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839:"J. R. Roberts' Stores Limited". No. Page 4. The Newsman. 28 July 1894.
553:
Cameron, Rondo E.; Bovykin, Valeriĭ Ivanovich; Ananʹich, B. V. (1991).
39:
183:
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Mendel was the son of Rosa and Isaac Mendel, born on 19 June 1854 in
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100:
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104:
62:
203:
159:
115:
85:
718:
Harrods Knightsbridge; The Story of Society's Favorite Store
242:
Mendel was also involved with the purchase by Harrods of
927:. No. 25. The Colonies and India. 23 November 1895
552:
720:. London: Ebury Press. pp. 37, 38, 40, 141, 172.
879:. No. 44. The Colonies and India. 27 April 1895
747:"Abridged Prospectus Harrods (Buenos Aires) Limited"
1191:
1140:"The Mining Adventures of Andre Mendel & Co"
1085:"The Industrial Contract Corporation, Limited"
1087:. The Sydney Morning Herald. 20 November 1899
253:
667:. The Sydney Morning Herald. 30 August 1917
473:excused the directors from any liability.
234:Further funding was required in 1914 when
31:
1055:"More About André and Mendelian Finance"
559:. Oxford University Press. p. 400.
1182:. London: The Bodley Head. p. 157.
1177:
715:
1192:
1107:"The Industrial Contracts Corporation"
733:Yorkshire Post and Leeds Intelligencer
588:"Monsieur Adolf von André (1844-1911)"
735:. No. Page 9. 23 February 1899.
613:"Money Market and City Intelligence"
953:. No. Page 4. 23 November 1896
476:
13:
14:
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1215:People from the Duchy of Holstein
1225:Immigrants to the United Kingdom
556:International Banking, 1870-1914
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1005:. No. Page 4. 19 July 1897
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925:"A Sound Industrial Enterprise"
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857:. No. 15. 13 February 1895
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1:
851:"Ben Evans & Co. Limited"
799:"The Andre-Mendel Group No.1"
529:
173:
1025:"André-Mendel Group - No. 3"
905:. No. 11. 7 August 1895
731:"The Money Market - Notes".
687:"André-Mendel Group - No. 3"
506:with her financial support.
7:
1035:(36): 327. 9 September 1898
697:(36): 327. 9 September 1898
665:"Harrod's Founders' Shares"
10:
1241:
1150:(41): 510. 14 October 1898
1109:. The Age. 13 January 1900
979:. No. 15. 10 May 1897
877:"Louise & Co. Limited"
254:Further dealings in retail
193:
1178:Meynell, Francis (1971).
1065:(40): 478. 7 October 1898
809:(34): 256. 28 August 1898
773:"Harrod's Stores Limited"
592:V&A Lafayette Archive
485:
145:
122:
110:
96:
73:
48:
30:
23:
509:
248:Sir John Prichard-Jones
999:"Maison Virot Limited"
716:Callery, Sean (1991).
305:J. R. Roberts' Store.
285:D. H. Evans & Co.
202:sold his interests in
1144:The Investors' Review
1059:The Investor's Review
1029:The Investors' Review
803:The Investors' Review
691:The Investors' Review
16:Financier (1854-1917)
1220:Expatriates in China
325:Ben Evans & Co.
274:Preferential Shares
236:Harrods Buenos Aires
200:Charles Digby Harrod
899:"R & J Pullman"
753:. 22 September 1913
639:"Mr William Mendel"
244:Dickins & Jones
164:Dickins & Jones
973:"Auxiliary Stores"
502:, who founded the
364:R & J Pullman
268:Year of flotation
128:Edith Wynne Jones
458:
457:
422:Auxiliary Stores
383:J. Casse et Fils
345:Louise & Co.
277:Founders' Shares
188:Duchy of Holstein
153:
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67:Duchy of Holstein
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947:"Paquin Limited"
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477:Other activities
271:Ordinary Shares
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224:Richard Burbidge
217:Sir James Bailey
209:Alfred J. Newton
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111:Known for
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90:United Kingdom
83:
81:(aged 62)
77:3 January 1917
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779:. 18 May 1914
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97:Occupation(s)
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79:(1917-01-03)
59:19 June 1854
38:
18:
1205:1917 deaths
1200:1854 births
1154:22 November
1113:22 November
1091:22 November
1069:22 November
1039:22 November
1009:25 November
983:26 November
957:25 November
931:25 November
909:25 November
883:25 November
861:25 November
813:26 November
783:22 November
757:22 November
701:22 November
671:23 November
649:22 November
623:22 November
597:22 November
572:22 November
280:Debentures
213:Edgar Cohen
1194:Categories
530:References
174:Early life
114:Financing
55:1854-06-19
40:The Sketch
1003:The Times
977:The Times
951:The Times
903:The Times
855:The Times
777:The Times
751:The Times
643:The Times
617:The Times
494:Daughter
450:£140,000
431:£210,000
413:£250,000
410:£250,000
389:£100,000
370:£140,000
331:£100,000
320:£100,000
311:£150,000
300:£100,000
294:£160,000
291:£120,000
184:Pinneberg
168:D H Evans
101:Financier
1180:My Lives
498:married
447:£70,000
428:£70,000
392:£90,000
373:£70,000
354:£80,000
351:£80,000
340:£75,000
334:£30,000
314:£50,000
265:Company
198:In 1889
180:Elmshorn
146:Children
105:investor
63:Elmshorn
1210:Harrods
434:£1,400
395:£3,000
376:£3,000
357:£3,000
317:£2,500
297:£2,000
204:Harrods
194:Harrods
160:Harrods
140:
132:
118:in 1889
116:Harrods
563:
486:Family
403:Paquin
337:£3000
166:, and
123:Spouse
86:London
510:Notes
444:1897
425:1897
407:1896
386:1895
367:1895
348:1895
328:1895
308:1894
288:1894
134:(
130:
1156:2016
1115:2016
1093:2016
1071:2016
1041:2016
1011:2016
985:2016
959:2016
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911:2016
885:2016
863:2016
815:2016
785:2016
759:2016
703:2016
673:2016
651:2016
625:2016
599:2016
574:2016
561:ISBN
543:Inc.
496:Vera
215:and
74:Died
49:Born
37:In
1196::
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149:3
57:)
53:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
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