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MINING-HISTORY  January 2011

MINING-HISTORY January 2011

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Subject:

Re: Fell and Fastnedge

From:

James Fussell <[log in to unmask]>

Reply-To:

The mining-history list.

Date:

Mon, 24 Jan 2011 20:20:25 +0100

Content-Type:

text/plain

Parts/Attachments:

Parts/Attachments

text/plain (138 lines)

Roy - maybe I'm missing something, but - '*later that year *[1871]* his wife
died*', '*had re-married in 1875 to Alice M Fell*' and '*must have remarried
immediately his wife died*' do not compute. Also, '*later that year
*[1871]* his
wife died*' and (1881 census) '*He had also another daughter who he had
named after his previous wife, she was aged 11*' - implication, she wasn't
his daughter *by* his previous wife - but, unless she was illegitimate, she
must have been exactly that!

Sorry - I'm an inveterate picker of nits - must be the editor in me :-)  -
clarification required!

James

On 24 January 2011 19:49, Roy fellows <[log in to unmask]> wrote:

> Hi All
>
>
>
> I wish to thank those who have sent me information about these 2
> individuals.
>
>
>
> The information I hold is fairly comprehensive however there is a gap in
> the
> history of Joseph Fell
>
>
>
> This is again from one of my future books. Members of the list may want to
> keep this as Fell was a premier figure in mining circles in the late 19th
> Century.
>
>
>
> Quote:
>
>
>
> Joseph Fell was born in 1849; his father was also named Joseph Fell and was
> from Pitchford in Shropshire, which is about five and half miles south east
> of Shrewsbury. Fell senior had moved to London and gone into service, it’s
> very likely that he had previously been in service at Pitchford Hall, a
> famous historic stately home. He appears in 1827 at the age of 21 as
> servant
> of a Chelsea pawnbroker, a Mr Thomson. By 1837 he had taken employment at
> the Bank of England in Threadneedle St, by 1841 Bank records show him as a
> Second Parlour Door Keeper at a salary of £140 per year, and by 1855 he was
> promoted to First Parlour Door Keeper at a salary of £160 per year. He
> remained with the bank until 1870.
>
> Young Fell lived at the bank along with the rest of the family. In 1861 he
> was 12 years old and described as a “Scholar”, I feel that it was important
> to Joseph Fell senior that his son could read and write, and this was to
> prove a very wise investment. That both he and his father had the full run
> of the building is of no doubt as in that year he was discovered on the
> banks roof together with some others when a catapult was fired into the
> offices of Britannia Life Assurance across the street.  In view of the
> meteoric rise to riches it is highly likely that the Fells were using
> insider information from the bank, to trade stocks and shares. The Bank of
> England also acted as a commercial bank like any other well into the 20th
> century.
>
> It is interesting to note that this only half a mile away from East India
> Avenue (Leadenhall Street) where R.B.Fastnedge had his office.
>
>
>
> By 1871, Fell the younger was living at Bartholomew Close, Blackfriars, and
> described himself as a “Share Dealer”. Also living there was a 12 year old
> servant Charlotte Nobes. He was married to Marion F Fell by whom they had a
> daughter Beatrice, but later that year his wife died.
>
> His father also had his own house, complete with a live in servant.
>
> By 1875 (Company share register) at the age of only 26 he had moved to a
> larger house Idmiston lodge. 37 Idmiston Road, Forest Gate London
>
> According to the 1881 census he had 2 domestic live in servants, Katherine
> Parish and Sarah Gardiner, and had re-married in 1875 to Alice M Fell, age
> 26. He had also another daughter who he had named after his previous wife,
> she was aged 11. He must have remarried immediately his wife died,
> basically
> what one could call a fast mover.
>
> A rapid rise such as this so early in life could not have been accomplished
> without external capital, this obviously points to R.B.Fastnedge and a
> possible deal quite early on whereby Fell was supplying insider information
> about stock issues from the Bank of England to Fastnedge in return for a
> substantial cut of the profits. It’s very likely that the whole thing
> started maybe from a chance meeting between the various parties. The
> background of the Fells was obviously living in service; it’s therefore
> also
> likely that it was Fastnedge who introduced Fell the younger to mining.
>
> In 1872 Fell published his investor guide by which time he would have only
> been 23 years old. In the following year Talybont Silver Lead Mining
> Company
> had a general meeting where Fell proposed a dividend of six pence a share,
> the motion was carried regardless of the fact that the business wasn’t
> making any money.
>
>
>
> ENDS
>
>
>
> Now as can be seen the Fells had no money in the early 1860s, on the other
> hand Fastnedge undoubtedly did. He was the son of a Farm Steward who very
> likely worked for a rich landowner and just like the Fells moved to London
> to make his fortune. I have little doubt that Fastnedge had some money from
> the start. However, the ascent of the Fells is pure supposition on my part,
> and as such not really good enough.
>
>
>
> So there we are, the missing link in Roy’s future book, “possibly”,
> “probably” etc, as I say not really good enough.
>
>
>
> It’s a long shot, but can the list keep me in mind if you ever hit upon
> anything.
>
>
>
> Very kind regards
>
>
>
> Roy
>
>
>

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