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Mss:783 1893-1961 H414

Hayden, Stone & Co. Hayden, Stone & Company Records, 1893-1961 (inclusive): A Finding Aid

Baker Library Special Collections, Harvard Business School, Harvard University

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Harvard Business School, Boston MA 02163.

© President and Fellows of Harvard College

Descriptive Summary

Call No.: Mss:783 1893-1961 H414
Repository: Baker Library Special Collections, Harvard Business School, Harvard University
Title: Hayden, Stone & Company records
Date(s): 1893-1961
Quantity: 5 linear feet (46 volumes)
Language of materials: English

Immediate Source of Acquisition:

The Hayden, Stone, & Company records were received by Baker Library Special Collections as a donation from the Charles Hayden Foundation, 1971.

Conditions Governing Access:

Collection is open for research. Materials stored onsite. Please contact specialcollectionsref@hbs.edu for more information.

Preferred Citation:

Cite as: Hayden, Stone & Company Records. Baker Library, Harvard Business School.

Biographical / Historical

The brokerage firm, Hayden, Stone & Co., was founded in 1892 by Charles Hayden and Galen Stone. Charles Hayden was born in Boston in 1870 to Josiah Willard and Emma Augusta Hayden. His father was a Boston leather and shoe merchant. Young Charles graduated from the Massachusetts Institute of Technology in 1890, with a degree in mining and engineering. Upon graduation he entered into the brokerage firm of Clark, Ward & Co., where he met Galen Stone. Hayden borrowed $20,000 from his father and joined Stone to form Hayden, Stone & Co. An astute business man, Hayden achieved a prominent place in corporate financing. He was active in the business up to the time of his death in 1937. As Hayden's personal investments and prestige grew, he was elected to many boards of directors which included mining, transit, freight, banking, manufacturing companies. For all his accomplishments in finance, Hayden was a renown philanthropist, establishing the Charles Hayden Foundation. The Foundation financed the building of boy's clubs, funded charities interested in boy's work, and aided youth service organizations such as the Boy Scouts of America. Galen Stone was born in 1862. A financial editor of the Boston Advertiser, he worked for many years in the commercial publishing and financial journalism fields. He joined Clark, Ward & Co. teaming up with the young Charles Hayden. Also successful in business and accumulating a large personal fortune, Stone was widely known as a man of intense human sympathy. He was prominent in settlement house developments in the Boston area and contributed to a broad range of charitable and cultural endeavors. He died in 1926. Hayden, Stone & Co. began its brokerage business in Boston at 87 Milk Street, and the new partners bought seats on the Boston Stock Exchange. For a time Hayden and Stone specialized in copper stocks. They produced a keen analysis of copper companies' stocks, based upon the conditions of the industry and the current state of the market. This proved to be a turning point for the company as orders began to come in with greater regularity. In 1906 the business moved its offices to New York City and the firm, in addition to its brokerage activities, became a leading underwriting and investment banking organization.

Scope and Contents

The Collection contains the partial records of Hayden, Stone & Co., which include private ledgers, 1899-1939. Also contained in the collection are stock accounts of Charles Hayden and his estate, of J. Willard Hayden, and of certain trusts, and one journal of the Charles Hayden Foundation.

Container List

Additional Index Terms

Finance
Banks and banking
Investment banking--Massachusetts--Boston.
Investment banking--New York (State)--New York.
Trusts and trustees
Mutual funds.
Endowments

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