The Private Trustee in Victorian England

Stebbings, Chantal

doi:10.1017/cbo9780511495458

Cited by 7 publications

(3 citation statements)

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“…Those were used by Victorians for a variety of purposes, from funding hospitals to holding money for orphans until they came of age. Unfortunately there are no comprehensive statistics on the number of trusts, their investments, or there purposes [40]. One source claimed in 1853 that over two thirds of all property was "of a fiduciary nature"…”

Section: Gilts Ownershipmentioning

confidence: 99%

Economically Irrational Pricing of 19th Century British Government Bonds

Odlyzko

2014

SSRN Journal

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Abstract. British government bonds formed the deepest, most liquid, and most transparent financial market of the 19th century. This paper shows that those bonds had long periods, extending over decades, of anomalous behavior, in which Consols, the largest and best known of these instruments, were noticeably overpriced relative to equivalent securities which offered the same interest rate and the same guarantee of payment. This finding and similar ones for other comparable pairs of British gilts appear to provide the most extreme counterexamples documented so far to the Efficient Markets Hypothesis and to the Law of One Price, and point the way to further investigations on the origins and nature of the modern economy.

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Section: Gilts Ownershipmentioning

confidence: 99%

Economically Irrational Pricing of 19th Century British Government Bonds

Odlyzko

2014

SSRN Journal

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“…These would preserve assets outside the husband's control for the benefit of the wife, so that she could, for instance, receive bank or bond interest, a safeguard if the marriage broke down or the husband became insolvent. 68 Common law, however, allowed husbands to dispose of their wives' unprotected personal property. A woman living with, or separated from, an abusive husband could not prevent him from accessing her earnings or savings.…”

Section: O N T R Omentioning

confidence: 99%

‘The wife's administration of the earnings’? Working-class women and savings in the mid-nineteenth century

Maltby

2011

Cont. Change

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“…35 According to legal historian Chantal Stebbings, there was a 'widespread adoption ' of trusts by the emerging middle class of Victorian England. 36 Evidence certainly suggests that earlier in the century trusts and settlements were relatively common. Owens found that in Stockport between 1800 and 1857 62 per cent of wills contained evidence of the existence of trusts, and in Leeds for the period 1830 to 1834 trusts were set up for widows in 82 per cent of married men's wills.…”

Section: S O U R C E S a N D M E T H O D Smentioning

confidence: 99%

Lives in the balance? Gender, age and assets in late-nineteenth-century England and Wales

2009

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Studies of wealth-holding in nineteenth-century Britain focus either on establishing aggregate measures or on individual case studies. These do not allow for a comparative analysis of the way that the composition of wealth was influenced by age and gender. This article explores the importance of these factors using both a case-study approach and a more comprehensive analysis of wealth left at death for a sample of 1,444 individuals. By establishing the age at death for 1,274 of these individuals, together with evidence from a series of death duty records, it is possible to determine the composition of assets by age and gender. For both men and women, shares became more important over the life course. Real estate was more important for men of all ages compared to women, for whom safe investments in government securities assumed greater significance with age. These findings confirm that both age and gender influenced the amount and composition of wealth and demonstrate that these factors need to be taken into account in any model that seeks to make generalizations about the pattern of wealth-holding in the population at large. Emphasizing these demand-side factors provides a different perspective on the rise of Britain as a ‘nation of investors’.

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The Private Trustee in Victorian England

Abstract: Challenges to trusteeship 3 2 The relationship with the settlor 21 3 The relationship with the beneficiaries 63 4 The relationship with co-trustees and agents 98

Cited by 7 publications

References 0 publications

Economically Irrational Pricing of 19th Century British Government Bonds

Economically Irrational Pricing of 19th Century British Government Bonds

‘The wife's administration of the earnings’? Working-class women and savings in the mid-nineteenth century

Lives in the balance? Gender, age and assets in late-nineteenth-century England and Wales

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