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Sources for business history: catalogues of bank files

Sources for art history: Catalogue of the pictures of Alfred de Rothschild 1901

Sources for yachting history: Plans for Nathaniel von Rothschild's yacht Veglia 1905

Sources for natural history: Walter 2nd Lord Rothschild and his zebra carriage: c.1910

Sources for global financial history: Map of lines of the Brazil Railway Company: c.1920

Sources for business history: index cards to bank files

Sources for social history: Rothschild Hospital Paris: 1920s

Sources for business history: detail of a Rothschild bond coupon

Sources for architectural history: Halton House: 1890s

Sources for the history of travel: Lionel de Rothschild's tours of Spain: 1909

Sources for local history: Tring Park: c.1900

Sources for Royal history: shooting party with Edward Prince of Wales: 1893

Sources for political history: Lionel de Rothschild: first Jewish MP: 1858

Sources for sporting history: St Amant winner of the Derby: 1904

Sources for local history: gardeners at Aston Clinton: 1899

Sources for Rothschild family history: Lionel de Rothschild's yacht Rhodora: 1927

Sources for London history: entrance to New Court: 1965

Sources for design history: plans for Lionel de Rothschild's Rolls-Royce: 1930

Sources for business history: Rothschild gold bars produced by the Royal Mint Refinery: 1930s

Sources for business history: letters of August Belmont Rothschild Agent in New York: 1860s

Brief history of the London house, N M Rothschild & Sons

Origins

Nathan Mayer Rothschild (1777-1836) arrived in Britain in 1798. He made his first home in Manchester, the centre of the English cotton trade, and set up a cloth wholesale business. Encouraged by his success, Nathan moved to London to establish himself as a banker, founding N M Rothschild at New Court, St Swithin's Lane in the the City in 1810. By 1811 he had wound up the Manchester wholesale business to concentrate on banking from his base at New Court. 

Early business

Temporary access to funds, invested by the Rothschild House in Frankfurt for William IX of Hesse-Cassel, greatly increased the scope of Nathan's London operations. These were based upon profitable speculation in British and foreign securities, and prominent dealing in foreign exchange and bullion. By 1814, Nathan was placed uniquely to fulfil the prestigious British Government contract to purchase and transport gold coin to finance Wellington's army on the Continent. After the latter’s victory at Waterloo, the London House won a further contract to handle English subsidy payments to the European allies. The position of Nathan Rothschild as the leading City merchant banker was consolidated in 1826, when the firm stepped in, with an instant injection of gold, to save the Bank of England.

N M Rothschild & Sons

With Nathan’s death in July 1836, the City of London lost a financier whose name had become legendary in his own lifetime. However, N M Rothschild & Sonswould continue to prosper and grow at the centre of the London financial world, and his sons continued the business under the name N M Rothschild & Sons.

The business specialised in foreign loan issues, bullion trading and the finance of public utility companies, notably foreign railways, while maintaining in the first half of the nineteenth century a certain volume of merchant trade in commodities such as quicksilver, tobacco, sugar and cotton. The firm operated through a worldwide network of agents, among them August Belmont (New York, est. 1837), Weisweiller & Bauer (Madrid, est. 1835), Lionel Davidson (Valparaiso, est. 1843), and S Bleichröder (Berlin, documented from 1850).

The firm acquired the lease of the Royal Mint Refinery in 1852, refining bullion until the sale of the business in 1967. In the late nineteenth century N M Rothschild and Sons specialised in the finance of mining companies, notably De Beers, through the Exploration Company of which the bank was a founder, and also acted as bankers to the governments of Brazil, Chile and Egypt.

The twentieth century

The first non-family partner was admitted in 1960 and the firm was incorporated as a limited liability company, N M Rothschild & Sons Limited, in 1970. In 2003, following the retirement of his English cousin, Sir Evelyn Robert de Rothschild, as head of N M Rothschild & Sons, the UK and French firms merged to become one entity, under the leadership of Baron David.  Today Rothschild is one of the world’s largest independent financial advisory groups, employing approximately 2,800 people in over 40 countries around the world, providing strategic, M&A, wealth management and fundraising advice and services to governments, companies and individuals worldwide.

For more information about the activities of the London house, see the links on the left. For a detailed history of the London house, and information about its archives, Go to The Guide to the collections of The Rothschild Archive »

New Court 1850s

New Court 1850s

Detail of the cover used for accounts prepared by N M Rothschild & Sons for clients in the 1960s

Detail of the cover used for accounts prepared by N M Rothschild & Sons for clients in the 1960s