British-American financier and author (1834?1923)
Henry Clews
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![](//upload.wikimedia.org/wikipedia/commons/thumb/e/ec/Henry_Clews_in_1913_cropped.png/220px-Henry_Clews_in_1913_cropped.png) Clews in 1913
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Born
| August 14, 1834
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Died
| January 31, 1923
(1923-01-31)
(aged 88)
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Occupation
| Financier
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Spouse
|
Lucy Madison Worthington
(
m.
1874)
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Children
| Elsie
,
Henry, Jr.
, Robert
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Relatives
| James Blanchard Clews
(nephew)
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Henry Clews
(August 14, 1834 ? January 31, 1923) was a British-American financier and author. He was an economic advisor to President
Ulysses S. Grant
, and a friend of
Abraham Lincoln
. His son,
Henry Clews Jr.
, lived at
Chateau de la Napoule
, France.
Early life
[
edit
]
Clews was born on August 14, 1834, in
Staffordshire
, England.
[1]
He was the youngest of four sons born to Elizabeth "Bessie" (
nee
Kendrick) Clews and James Clews, a prosperous manufacturer of
Staffordshire ware
.
[2]
At age 14, while in training for the
Anglican Church
, Clews traveled to New York City, where he "began to perceive the possibilities that presented themselves to a young man."
[3]
Career
[
edit
]
After emigrating to the United States, Clews organized the firm of Stout, Clews & Mason and eventually brought his brother James Clews over from England to help him manage a branch of the brokerage firm.
[3]
In 1877, he split away from Livermore, Clews, and Company and started Henry Clews & Company, a member of the
New York Stock Exchange
,
[4]
[5]
which made him enormously wealthy.
[6]
In an 1886 article in
The New York Times
, his firm was referred to thusly:
"They have called together a staff of assistants who for ability and character are unsurpassed, and from the senior member down to the lowest clerk they are one and all actuated by the same idea, and are untiring in their efforts to further the interest of the patrons and also that of the firm itself. The value of this co-operation on the part of employes will be readily understood when it is taken into consideration that the present business of this firm aggregates thousands of millions of dollars annually, including a general banking business and the execution of orders on the
New-York Stock Exchange
,
New-York Produce Exchange
,
New-York Petroleum Exchange
, and the
Chicago Board of Trade
, with all of which concerns this house is connected by membership, but which also necessitates the employment of a large number of brokers to aid them in their large commission business."
[6]
In politics, Clews was a
Republican
and organized the "
Committee of 70
," which deposed the corrupt ring associated with
William M. Tweed
in New York City. He was a friend of President
Abraham Lincoln
and served as an economic consultant to President
Ulysses Grant
.
[3]
Clews, in regards to Grant & Ward, Grant's brokerage firm with
Ferdinand Ward
, was quoted as saying "It is marvelous how the idea of large profits when presented to the mind in a plausible light has the effect of stifling suspicion."
[7]
Towards the end of his life he wrote one of the most famous classics about life on Wall Street entitled "
Fifty Years in Wall Street
".
[8]
His nephew,
James Blanchard Clews
(son of John Clews), succeeded as senior member of Henry Clews & Co. after the death of Clews in 1923.
[9]
Personal life
[
edit
]
In 1874, Clews was married to
Lexington, Kentucky
born heiress Lucy Madison Worthington (1851?1945).
[10]
Lucy, a daughter of
William Hord Worthington
and Anna (nee Tomlinson) Worthington, was a second cousin of U.S. President
James Madison
[11]
and American Revolutionary War brigadier general
Andrew Lewis
. Together, they were the parents of three children, two of whom lived to adulthood:
Clews died of bronchitis in
New York City, New York
on January 31, 1923.
[1]
[17]
He was buried at
Woodlawn Cemetery
in the
Bronx
. His widow died, at the age of 93, at her home, 15
East 69th Street
in New York on May 19, 1945.
[10]
Descendants
[
edit
]
Through his son Henry, he was the grandfather of Henry Clews III (1903?1983);
Louise Hollingsworth Morris Clews
(1904?1970), who married
Ian Campbell, 11th Duke of Argyll
and became the
Duchess of Argyll
;
[18]
and Mancha Madison Clews (1915?2006), an electrical engineer.
[19]
Published works
[
edit
]
References
[
edit
]
- ^
a
b
Ingham, John N. "Clews, Henry." 'Biographical Dictionary of American Business Leaders, Volume 1'. Greenwood Publishing Group, 1983. p172. Digital Scans, 'Google Books' (Web). July 7, 2015.
- ^
Hare, Peter H. (1985).
A Woman's Quest for Science: Portrait of Anthropologist Elsie Clews Parsons
. Prometheus Books. p. 23.
ISBN
9780879752743
. Retrieved
February 6,
2019
.
- ^
a
b
c
d
e
Zumwalt, Rosemary Levy
; Abrahams, Roger D. (1992).
Wealth and Rebellion: Elsie Clews Parsons, Anthropologist and Folklorist
.
University of Illinois Press
. p. 17.
ISBN
9780252019098
. Retrieved
February 6,
2019
.
- ^
"THE ARREST OF HENRY CLEWS"
(PDF)
.
The New York Times
. March 20, 1877
. Retrieved
February 6,
2019
.
- ^
"Marks His Half Century With Henry Clews & Co"
(PDF)
.
The New York Times
. April 1, 1947
. Retrieved
February 6,
2019
.
- ^
a
b
"THE GREAT BANKING HOUSE OF HENRY CLEWS & CO. | ITS MAGNITUDE AND SUCCESS"
(PDF)
.
The New York Times
. January 1, 1886
. Retrieved
February 6,
2019
.
- ^
Maslin, Janet (May 13, 2012).
"
'A Disposition to Be Rich' by Geoffrey C. Ward"
.
The New York Times
. Retrieved
February 6,
2019
.
- ^
Clews, Henry. Fifty Years in Wall Street "Twenty-Eight Years in Wall Street," Revised and Enlarged by a Resume of the Past Twenty-Two Years, Making a Record of Fifty Years in Wall Street. New York: Irving Pub. Co, 1908.
- ^
Men and Women of America: A Biographical Dictionary of Contemporaries
. L.R. Hamersly. 1909. p.
363
. Retrieved
December 13,
2019
.
- ^
a
b
"MRS. HENRY CLEWS IS DEAD HERE AT 93; Widow of Noted Broker Was a Founder of Colony Club-- Grandniece of Madison"
(PDF)
.
The New York Times
. May 20, 1945
. Retrieved
February 6,
2019
.
- ^
"Once upon a Time at LA Napoule: The Memoirs of Marie Clews" M. Clews, Publisher: Memoirs Unlimited; 1st edition (April 1998),
ISBN
1889833037
,
ISBN
978-1889833033
- ^
"Miss Clews is Married"
.
The New York Times
. Newport, Massachusetts. September 2, 1900. p. 5
. Retrieved
January 1,
2010
.
- ^
"Henry Clews Jr. Marries Mrs Louise M. Gebhard"
(PDF)
.
The New York Times
. November 29, 1901.
- ^
"GOELET DIVORCE UP TO-DAY. Petitions of Mrs. Robert Goelet and Mrs. Amos T. French Similar"
(PDF)
.
The New York Times
. March 3, 1914
. Retrieved
September 9,
2018
.
- ^
"MRS. HENRY CLEWS OF ART MEMORIAL; Sculptor's Widow, Who Created Foundation to Aid U.S.-French Ties, Dead '
"
(PDF)
.
The New York Times
. April 16, 1959
. Retrieved
September 10,
2018
.
- ^
"MRS. ROBERT GOELET WEDS H. CLEWS, JR. Divorcees Are Married in Her Home a Few Hours After Obtaining License. A SURPRISE FOR FRIENDS Bridegroom, Son of Banker, Is an Artist, and Bride Studied Painting in His Newport Studio"
(PDF)
.
The New York Times
. December 20, 1914
. Retrieved
September 9,
2018
.
- ^
"Henry Clews Dies in His 89th Year. Notable Wall Street Figure for More Than Sixty Years Succumbs to Bronchitis"
.
New York Times
. February 1, 1923
. Retrieved
March 4,
2011
.
Henry Clews, the banker, died at his home, 27 West Fifty-first Street, yesterday after a long Illness. He had been in failing health for several months, and the direct cause of his death was chronic bronchitis. He was in his eighty-ninth year. ...
- ^
"Mrs. Louise C. Timpson Dead; Former Duchess of Argyll, 65"
.
The New York Times
. February 11, 1970
. Retrieved
September 15,
2018
.
- ^
Downey, Sally A. (August 23, 2010).
"Margaret Strawbridge Clews, 91, artist and businesswoman"
.
The Philadelphia Inquirer
. Retrieved
February 6,
2019
.
External links
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International
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National
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Other
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