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- London, England, Baptisms, Marriages and Burials, 1538-1812
Name:Richard Hoare
Baptism Date:27 Mar 1709-1710 (also says he was born on the 2nd)
Parish:St Dunstan in the West
County:London
Borough:City of London
Parent(s):Henry Hoare, Jane Hoare
Record Type:Baptism
Register Type:Parish Register
http://www.hoaresbank.co.uk/sites/default/files/styles/Feb%2014%20-%20Messrs%20Hoare%20%20Arnold_0.pdf
These changes in Christopher Arnold's personal life presaged a period of change at Hoare's Bank. Richard Hoare's death in 1719 was followed three years later by that of his faithful lieutenant John Arnold. Then in March 1725 Henry Hoare died suddenly at the age of 46. After decades of stability the bank's three mainstays, who between them had invested 110 years in the business, were gone, leaving Henry's brother, 31 year old Benjamin, as the sole surviving partner.
Within weeks of Henry's death a new partnership was formed between three men: Benjamin Hoare, Henry's 19 year old son, also called Henry, and the vastly experienced Christopher Arnold. At the same time Henry's younger son Richard, who had just turned 15, joined the business, Henry having requested in his will that Benjamin take the boy on as his apprentice: and if he continues to behave himself well until he attains his age of one and twenty years...take him in a partner. The exact terms settled on by the three men are unknown. But in September 1727 Christopher Arnold opened an account to record the buying and selling of Stocks on behalf of the partnership, the holding of customer Stocks (as nominee) and the lending of money against such Stocks, suggesting that he had assumed responsibility for those aspects of the business.
As his father had hoped, Richard Hoare was admitted into the partnership in 1731. (Con't)
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