SIR ARTHUR SULLIVAN PLEDGES HIS STOCK IN THE SAVOY AND CLARIDGE’S HOTELS — AS SECURITY FOR A LOAN
SULLIVAN, SIR ARTHUR S. (1842-1900). English composer. Exceedingly-rare, Partly-printed Document Signed twice, “Arthur S. Sullivan”, and “A.S.”, on a stock certificate transferal agreement form. One full page, quarto. London, April 6, 1898. Drawn on Barclay & Company, Limited, and Messrs. Goslings & Sharpe. Very fine condition. The document reads:
“In consideration of your Advance of £1500 of Apr. 9, 1898 and £8000 already advanced to me I hereby deposit with you the undermentioned Bonds, Stocks, or Shares, etc., as security for the due repayment of the same, with Interest thereon; and in case of default of repayment, I hereby authorize you to sell the said Securities, or any part thereof, and to apply the proceeds in discharge of your Advance and Interest. Arthur S. Sullivan.
Schedule of Stocks deposited—Savoy Hotel Limited debentures for ten thousand pounds (£10000); and I undertake to deposit with you as soon after my return home as practicable £3000 of New Claridge’s Hotel Co. Shares in addition thereto. A.[rthur] S.[ullivan]”
In our experience, which spans 6 decades, this is the only time we have encountered a document like this, in terms of personalities and of the properties mentioned. Those being: two of the legendary hotels in London: The Savoy and Claridge’s. A truly choice piece for the collectors of financial history, or ‘Arthur and Sullivan’ related items.