Hornblower & Company
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| Acquired | |
| Industry | Brokerage, Investment bank |
| Fate | Merged with Loeb, Rhoades & Co. to form Loeb, Rhoades, Hornblower & Co. |
| Founded | 1888 |
| Headquarters |
Boston, Massachusetts New York, New York |
Hornblower & Weeks was an investment banking and brokerage firm founded by Henry Hornblower and John W. Weeks in 1888. At its peak in the late 1970s, Hornblower ranked eighth among member firms of the in number of retail offices, with 93 retail sales offices located in the United States and Europe.
Hornblower was active in financing automobile companies in the first half of the 20th century, including Dodge Motors, General Motors, and Hudson Motor Car Company.
The firm, which by the 1970s was known as Hornblower & Weeks, Hemphill, Noyes and later, Hornblower, Weeks, Noyes & Trask, was acquired by Loeb, Rhoades & Co. to form Loeb, Rhoades, Hornblower & Co.
Hornblower & Weeks was organized on August 7, 1888. Henry Hornblower and John W. Weeks undertook the continuation of the business of Hornblower & Page, which had been founded and managed by Hornblower's father, Edward Thomas Hornblower.
Henry Hornblower joined his father's firm in 1879 at age 16 and had served as a clerk. Henry Hornblower, who was born June 6, 1863 in Lawrence, Massachusetts came from a distinguished patrician family in Boston. "The name of 'Hornblower' is one of the features of Boston and the old Bay State. It is a name that has flourished through generations...The line of Hornblowers in Boston and New England has been an honorable one as far back as family prestige can be traced."
Following the death of Mr. Augustus A. Page in the spring of 1888, Edward Hornblower, who was blind by this time, announced his retirement and his intention to dissolve the firm. The younger Hornblower joined together with John Weeks to begin the new firm where the old one had left off. The firm's original office was located at 51 State Street with one clerk, James J. Phelan, who would ultimately serve as a partner of the firm until his death in 1934. In 1889, they bought a seat on the New York Stock Exchange for $19,000 and moved to the Merchant’s Bank Building on Devonshire Street. Surviving the Panic of 1893, which resulted in numerous failures of industrial corporations and financial houses, the young firm moved into larger quarters on the second floor of the Exchange Building at 53 State Street.
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