London and Chicago Contract Corporation, Limited
by Michael R. Reilly, Editor, copyright March 18, 2013
Last updated08/15/2015
Big Financial Enterprise
Chicago Will Be the American Headquarters of the
Company
Chicago, Sept 6 – Chicago is to have another great financial enterprise involving $6,000,000. the title of the new venture is the London and Chicago Contract Corporation. The stock of $5,000,000 will be divided into 100,400 shares at $48.70 each. One-half of the securities have been granted by the City of London Contract Corporation (Limited) and other responsible parties in Great Britain. The other half is reserved for the United States and has been guaranteed by responsible Chicago parties. The object of the bank is to aid corporations in placing stock on the market to conduct in Chicago and throughout the United States such businesses as is usually contracted by debenture and trust corporations. Co-operation with the London Contract Company has already been arranged for. A cablegram received to-day says that Mr. Charles Henrotin will have charge of placing the securities in America.
The Directors of the new bank are: H. Osborne O’Hagan, Chairman of the City of London Contract Corporation, Limited; Russell H, Monroe, Director of the City of Chicago Brewing and Malting Company, Limited; L. Bishop, Deputy Director of the City of London Contract Corporation, Limited; Sir William Magnay, Bart., Director City of London Contract Corporation, Limited; Charles H. Wacker, Director Corn Exchange Bank of Chicago; John K. Mitchell, President Illinois Trust and Savings Bank of Chicago; Edward Koch, Messrs. E. D. Reyer & Co., bankers, Chicago; Ellis Wainwright, President of the St. Louis Brewing Association, St. Louis.
Source: copyright, The New York Times, published, September 7, 1890 http://query.nytimes.com/mem/archive-free/pdf?res=F20614FC395D15738DDDAE0894D1405B8085F0D3