Gresham Street

 

001Merchant banker Johann Heinrich Wilhelm Schröder [known as: Baron John Henry Schröder] was born on 13 February 1825 in Hamburg into a prominent dynasty of bankers and merchants. His father was one of the foremost merchants of his generation in Hamburg. During the Napoleonic wars he lived in London, where he built up a mercantile business with his brother. In 1818 he established his own merchant banking firm, J. Henry Schroder & Co (now at no. 31 Gresham Street).

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John Henry Schröder joined his father’s London firm in 1841, aged sixteen, learning the business under the supervision of a resident partner. The London partnership was restructured in 1849, the new resident partners being John Henry and Alexander Schlüsser. The latter was a specialist in trade with Russia. Much of the firm’s business was conducted in Hamburg and other commercial centres with John Henry’s brothers and cousins, who formed an extensive network of family firms. Schröder married Alexander’s niece Dorothea Eveline Schlüsser. They took up residence in fashionable Bayswater.

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On Alexander Schlüsser’s retirement in 1871, Henry Tiarks, the son of a pastor to London’s Anglo-German community who had worked at the firm as a clerk since 1847, was made a partner. The 1870s and 1880s were John Henry’s heyday as a businessman. He was a director and later chairman of the North British and Marine Insurance Company; in 1888 he became a director of the West India Dock Company, and two years later a member of Lloyd’s of London.

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In 1895, being childless, he brought in his nephew Bruno Schröder from Hamburg to represent the family in the partnership. The latter soon assumed control of the firm’s affairs. John Henry spent the remainder of his time looking after his extensive collection of objets d’art and the cultivation of orchids. Throughout his life, Schröder was a generous benefactor to German institutions and charities. From the outset he was treasurer of the German Hospital, Hackney, and in 1862 he became a trustee of the Hamburg Lutheran Church, London’s oldest German institution. He died in April 1910. He was one of only thirty persons to leave a fortune in excess of £2 million in the years between 1895 and 1914.

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