Beating The Broad Street Bounds

To the Natives of the Parish of St Margaret Lothbury and the Broad Street Ward Club.  You are desired to meet the rest of your parishioners and club members on Thursday, 23 September 2004 at 18:00 at the Guildhall and from thence to go to your parish bounds afterwards to return to Throgmortons. You are desired as a Wellwisher to the Preservation of this Society to send by the Bearer £15 for your admission.
(as per a 1795 notice for Cripplegate Ward supplied by Claire and John Scott JP)

When parishioners could neither read nor write, how were they to know the boundaries of their village? They held an annual event to familiarise themselves with, and inspect the condition of, markers of the boundaries, frequently bumping parish boys heads at important points to beat in a key point. It was pointed out (not by boys) that Broad Street Ward Club had allowed this tradition to lapse. Realising that, as years ago, it forms the perfect excuse for a pub crawl, we arranged a fun evening and light quiz competition about the ward in 2004 – which naturally had to visit many of the local drinking establishments, 30 people on a pub crawl, ahem, visiting local businesses.  And to avoid getting your head bumped, here are the bounds.  At each establishment they had to have their broom signed and marked with the amount spent, as well as answer trivia questions.  We have a lot of nice establishments in the ward.   We waited a long time for everyone to get back for the scoring and prizegiving.  Ahem.
Beating the Bounds Oct 2004
(from left to right, Michael Mainelli, Reverend Jeremy Crossley – Rector St Margaret Lothbury, Alderman David Lewis – 13 October 2004 – yes a photoshoot after the 23 September event.  We looked a lot better than we did late on the 23rd, but they were the same brooms)

Broad Street Starts Here

I thought we should start with a campaign photo. When the family took a skiing trip to Jackson Hole earlier this year, I wanted my daughters to see New York City for the first time. Naturally, as my firm, Z/Yen, compiles the Global Financial Centres Index, we had to take the girls to Wall Street, and thus I have my opening picture for the campaign from the land of my birth. There will be some better photos later (the ones without me in them)!
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Broad Street Aldermancy – Nomination Papers Submitted

This morning I went round to the Election Office at the City of London Corporation to submit nomination papers for the Broad Street Ward Aldermanic election. All successfully registered and the campaign is now on.   I am honoured to have the support of our retiring Alderman and former Lord Mayor, Sir David Lewis, and our three Common Councilmen, John Bennett, John Scott JP and Chris Hayward.  To stay up-to-date with the campaign, simply click here.

If you are based in Broad Street as an elector (and if unsure, just ask) please do consider giving me, Michael Mainelli, your vote by postal ballot or by voting in person on Thursday, 4 July 2013, at Carpenters Hall, 1 Throgmorton Avenue, EC2N 2JJ from 08:00 to 20:00 – but whatever you do, please vote, the City needs a vibrant electorate. I walk through the Ward every day to and from work and would be delighted to discuss Ward business. Contact me by telephone 020 7562-9562, or via email michael_mainelli@zyen.com, or by post to Z/Yen Group, 90 Basinghall Street, London EC2V 5AY. For more campaign details see my campaign flyer – Michael Mainelli – Broad Street Ward Aldermancy Campaign 2013 – flyer

BSWC Jade Glass Coat of Arms

What’s In A Name?

This week’s ESMA & EBA report, “Principles for Benchmark-Setting Processes in the EU”, garnered headlines such as “EU plots to grab control of Libor from London”. Such sensationalism simultaneously leads to over-reaction and under-reaction. Libor is a known problem, but there are questions over other market indices for oil, steel, gold and other commodities. Surely five years into financial crises why shouldn’t the EU set out guidelines for robust indices upon which most markets depend? Yet I worry about state control and auditing of benchmarks. Some bankers claim they connived with regulators on Libor to look stronger than they were. Instead I would suggest a more ‘British’ approach – a published ISO or BSI standard on index governance and management, independently audited on quality, accuracy, timeliness and distribution in a competitive market. And the under-reaction? These financial reform proposals should be coming from London. If we’re losing our intellectual leadership perhaps we do deserve to lose the ‘L’ in Libor.

In CityAM 7 June 2013 – http://www.cityam.com/debate/should-london-be-concerned-about-eu-s-proposal-move-libor-oversight-paris

Broad Street Ward Aldermancy

Broad Street sign v3I have decided to submit a nomination form to run for Alderman of Broad Street Ward. The Wardmote is scheduled for 3 July. If there is an election, then the vote will be on 4 July – hopefully auspicious. I am honoured to have the support of our retiring Alderman and former Lord Mayor, Sir David Lewis, and our three Common Councilmen, John Bennett, John Scott JP and Chris Hayward. More on this soon! But for now, some background information and a map.

Business quotes

SIR – You began an article with the old saw “that half of all advertising budgets are wasted—the trouble is, no one knows which half” (“Change of track”, June 9th). The remark is frequently attributed by Britons to Lord Leverhulme, founder of Lever Brothers, and by Americans to John Wanamaker, who opened Philadelphia’s first department store. Though references to such a saying date from at least 1919, no authoritative reference has been found linking either man to it. This leads one to observe that at least half the attributions are false, the trouble is no one knows which half.

Professor Michael Mainelli
Executive chairman
Z/Yen Group
London

30 June 2012https://www.economist.com/letters/2012/06/30/on-charitable-donations-china-honduras-nepal-quotations-st-sebastian

Maria und Reinhold 2012

MARIA UND REINHOLD 2012

Bei dem Flusse Wern,
Vor dem duftend’n Tor,
Stand ein Reinhold Reuss
Und folgt er noch der Spur,
So sind sie zusamm’n gekomm’n,
In Pfersdorf will Maria wohn’n,
Wie einst, das Reussen Paar.
Wie jetzt, das Reussen Paar.

Eure beiden Schatten,
Sah’n wie einer aus,
Daß ihr so lieb euch hattet,
Das sah man gleich daraus.
Und alle Leute soll’n es seh’n,
Wenn wir bei der klaren Wern steh’n,
Wie einst, das Reussen Paar.
Wie jetzt, das Reussen Paar.

Schon schlug die EssUhr
Sie bläst den Entenstreich,
Es kann drei Kinder kosten
Schwiegersohn kommt gleich.
Da wünschen wir „Gut’n Appetit“
Wir sing’n gern für euch ein Lied,
Für euch, das Reussen Paar!
Für euch, das Reussen Paar!

Deine Schritte kennt sie,
Deinen zieren Gang.
Alle Abend brennt sie,
Doch mich vergaß sie lang.
Und sollte mir ein Leid gescheh’n,
Wer wird bei der Laterne steh’n,
Mit euch, die Reussen Paar!
Mit euch, die Reussen Paar!

Aus dem stillen Raume,
Aus der Erde Grund,
Hebt mich wie im Traume
Dein verliebter Mund.
Wenn sich die späten Nebel dreh’n,
Werd’ ich bei der Laterne steh’n
Wie einst, die Reussen Paar!
Wie einst, die Reussen Paar!

Christmas In Flames – “Firewood”

All right, my hearing’s not the finest, so when I heard Katie Duff singing “Firework” by Katy Perry at the annual Mainelli-Duff Christmas party, I had to have a rewrite, and dedicate it to her:

“Firewood”

for Katie Duffy

Do you ever feel like a piece of wood,

Feeling all the strain, of being lit again?

Do you ever feel, feel so flammable

Like one little spark, makes you combustible?

Do you ever feel already charred so deep?

Six feet under coal, but no one seems to sear a thing

Do you know that there’s still a match for you

‘Cause there’s a spark in you?

You just gotta ignite the light and let it shine,

Just own the night like a Costco buy

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‘Cause baby, you are firewood,

Come on, you don’t blaze so good

You don’t burn so high -igh -igh

As you glow across the sky –y -y

‘Cause baby, you are firewood

Come on, you’re a waste of space

Inside a furnace -nace -nace

As you glow across the sky –y -y

‘Cause baby, you are firewood

Come on, you don’t blaze so high

You should want to die –ie -ie

As you glow across the sky –y –y…

Ringing The Long Change

A visit to the Whitechapel Bell Foundry in the East End of London on a cold February 2011 evening raised some fun musings on “long”. First, some background. The Whitechapel Bell Foundry casts bells, broadly of two types – big church bells comprise about four-fifths of the business and hand-held change ringing bells the remaining fifth. An unbroken line of master “founders” (in one sense) can be traced back to Master Founder (in both senses) Robert Chamberlain in Aldgate Ward in 1420, during the reign of Henry V, and 72 years before Columbus sailed for America. Billeter Lane in Aldgate was the original address, an etymology starting with “Belzeters” meaning bell-founders.

As with many late medieval enterprises, the Foundry was called by the name of the master founder which changed with each new owner. The concept of the foundry being a “company” dates from at least 1570, although formal incorporation only came about in 1968 and the name permanently changed to “Whitechapel Bell Foundry”. The company moved from Aldgate to Whitechapel in the early 1700’s under Master Founder Thomas Lester, taking over The Artichoke coaching inn built in 1670 which remains the heart of the premises today.

Worldwide exports began as early as 1747 to St Petersburg. Despite its small size, fewer than 30 employees, the Foundry is famous for having cast the Liberty Bell (1752) and Big Ben (1858). The factory floor is fascinating – a Stuart workshop in the modern era, where dung and goat hair for castings mingle with advanced electronic tuning equipment. The Hughes family took ownership in 1904 and family ownership continues today. Long Finance was there as part of a regular sideline in tours for City of London people, in our case Tower Ward Club.

What makes the bell industry interesting for Long Finance is change ringing peals. The English change ringing peal is the art of ringing a set of tuned bells in mathematical patterns called “changes”, with no attempt at melody. English change ringing dates at least to the early 17th century. If this sort of hobby interests you, the Chinese had an interesting variant three millennia earlier in bianzhong, rung sets of bronze chime bells which produce two tones each. True to its origins, as many a sleepyhead will attest, change peal ringing is popular in its homeland. Dove’s Guide for Church Bell Ringers (2007) lists 5750 ringable rings of bells in England, 201 elsewhere in the UK, 35 in Ireland, 12 in the wider British Isles but only a further 123 towers worldwide with bells hung for full circle ringing, mainly in Anglican churches in the USA, Canada, Australia, New Zealand, and South Africa.

English change ringing requires tuned bells, which is a highly demanding craft practised at half-a-dozen foundries, two in the UK and perhaps four others scattered round northern Europe. This may seem a large market for few foundries, but the product is annoyingly durable. During our tour the bigger market seemed to be refurbishing and fine-tuning bells from the 17th century. In the 18th century hand bell change ringing became popular as people started ringing the changes as a semi-serious pastime, and training for the tower bells. Naturally, firms ramped up hand bell production and new firms entered the market. The inevitable collapse of the change ringing hand bell bubble led to some firms foundering (sic) and the consolidation of the industry, in which the Whitechapel Bell Foundry participated, gobbling up a competitor or two.

Now to Long Finance. Seeking to learn from the experiences of long-lived institutions, Long Finance has noted the surprising persistence of ecclesiastical and academic communities. A number of people have pointed us to family businesses as well. At first glance, and 591 years later, the Whitechapel Bell Foundry seems to exemplify the longevity that family businesses can attain. However, it is also clear that the business depends on the communities of change ringers which in turn depend on the Anglican churches. If anything, perhaps the lesson from our tour is that slow changes in ecclesiastical communities can slow the lifecycles of related communities and the businesses that supply them.

So when you hear Big Ben on the BBC Evening News you can ponder the changes ringing on Long Finance.

[Sadly, the Whitechapel Bell Foundry could not withstand the economic headwinds and closed six years later in 2017.]

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