| Code | DS/UK/51 |
| Corporate Name | W Ladenburg & Co |
| Dates | ? - 1939 |
| Activity | Ladenburgs went into liquidation in 1923 owing the Bank some £300,000 on account of pre-moratorium acceptance advances. The partners were Henry Ladenburg and his son Arthur W Ladenburg. All the partners' assets were pledged to the Bank, although Henry Ladenburg was allowed an annual payment from the interest on his securities held by the Bank. Arthur Ladenburg's only asset was a house in Sunningdale, the lease of which had been bought with money borrowed from Henry Ladenburg. Arthur Ladenburg became a partner in J C Thorn but this partnership was dissolved in 1925. In 1926 Arthur Ladenburg proposed starting an issuing house under the old name of W Ladenburg. Governor Montagu Norman, to enable him to raise capital, acknowledged the debt to be a debt of honour. The issuing house was not a success and the business was sold to the Sanctuary Trust; Arthur Ladenburg remaining in the firm on a salaried basis. Henry Ladenburg died in 1933 leaving an estate of £100. The pledged securities were later sold by the bank and the lease on Arthur Ladenburg's house returned to him. The liquidation of the firm was completed in 1939, the debt to the Bank being some £190,000. |
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