Formation and membership
The Club was founded in 1843 as a dining club for the professional classes of the City of London, and named after Thomas Gresham, a celebrated Elizabethan merchant who founded the Royal Exchange.
In 1853, Charles Manby Smith located the Gresham Club as a stepping-stone in a successful Londoner's sequence of increasingly elite memberships. -
...from having been wise enough to join the grocer's Plum-pudding Club, they shall end by becoming prosperous enough to join the Whittington Club, or the Gresham Club, or the Athenaeum Club, or the Travellers' Club; or the House of Commons, or the House of Lords either.
Gresham Club is composed of merchants, bankers, and other gentlemen of known respectability. No candidate is eligible until he has attained the age of twenty-one years. Election by ballot of the members, of whom 30 must actually vote. One black ball in ten shall exclude. Entrance fee, £21; subscription, £6 6s.
The newly established club commissioned a clubhouse at 1 King William Street, on the corner of St. Swithin's Lane. The architect was Henry Flower, and the beginning of construction in 1844 was marked by a dinner at the Albion Tavern, at which Sir William Magnay, Lord Mayor of London, presided.
GRESHAM CLUB-HOUSE, St Swithin's-lane, King-William-street, City, was built in 1844, for the Club named after Sir Thomas Gresham, who founded the Royal Exchange. The Club consists chiefly of merchants and professional men. The style of the Club-house (H. Flower, architect) is Italian, from portions of two palaces in Venice.
The club was reported to keep a fine wine-cellar.
In 1913, a Mr. L. Price, called 'the doyen of billiard stewards', achieved 60 years service with club, then housed in Gresham Place.
In 1915, the club moved to a new purpose-built club house at 15 Abchurch Lane, near Cannon Street station. The club remained there until it came to an end in 1991. The Club was dissolved by a formal resolution of its membership; all of whom were offered membership of the City University Club many of them taking this offer.
After the Second World War, the gentlemen's clubs of London fell into a decline. The Gresham Club was "a faded place offering school dinners and port". By 1991, its membership had fallen and the remaining members decided to dissolve the club.
The club's records were deposited in the Guildhall Library, which under accession reference L 24 MSS 28834-28864 holds papers for the years 1844-1845 and 1905–1991, described as: "minute books, subscription books, legal papers, financial papers, Staff Benevolent Fund accounts and misc papers".
Later use of the Abchurch Lane clubhouse
On 18 February 1993, "Abchur Flat Gibr", represented by Wright Hassall & Co., Solicitors, of Leamington Spa, was granted a certificate of lawful development for the use of the former club's premises at 15 Abchurch Lane, as "members licensed dining club for the purposes of dining drinking socialising and playing snooker".
In 1993, the club house was acquired by CCA Holdings, who found it in need of renovation and refurbishment. The development was funded by the International Club Company of Hong Kong, founded in 1980 by Dieter Klostermann. The company owns and operates many clubs around the world, including business men's clubs, golf and country clubs.
On 21 October 1993, Capital Club of London Ltd was given a listed building consent for 15, Abchurch Lane, described as "Repairs and restoration of interior and exterior of building which is to be retained as members' dining club. Installation of new roof plant and screening" and also planning permission for "installation of roof plant and screen". The new interior was designed by Peter Inston.
London Capital Club
In September 1994, the building was re-opened as the London Capital Club, a private members' club with similarities to the old Gresham Club but a more modern approach and a different management structure. On the death of Peter Parker in 2002, Angela Knight, a former Economic Secretary to the Treasury, succeeded as the club's chairman. The London Capital Club's entrance fee in 2007 was £625, plus a monthly subscription of £65.
The Gresham name survives in the new club's Gresham Room, which is used for dinners, receptions and meetings.
Christof Biggeleben, a German doctoral student, is working on a thesis on Entrepreneurs and Entrepreneurial Behaviour in Berlin and London, 1890-1961. The Centre for British Studies at the Humboldt University of Berlin says of his project: "Research concerning the London developments is currently under way. The most promising institutions include the London Chamber of Commerce (1881) and the most important City clubs such as the City of London Club and the Gresham Club. Interestingly enough, so far clubs in Berlin and London have not been the object of close historical study."
- Guildhall Library Manuscripts Section 21: Clubs and Societies at history.ac.uk (accessed 14 January 2008)
- Timbs, John, Curiosities of London: exhibiting the most rare and remarkable objects of interest in the metropolis; with nearly Fifty Years' Personal Recollections (London, David Bogue, 1855), p. 195
- History at londoncapitalclub.com (accessed 14 January 2008)
- 'Bartholomew Lane and Lombard Street', Old and New London: Volume 1 (1878), pp. 522-530, online at british-history.ac.uk report 45063 (accessed 14 January 2008): "The first stone of the Gresham Club House, No. 1, King William Street, corner of St. Swithin's Lane, was laid in 1844, the event being celebrated by a dinner at the Albion Tavern, Aldersgate Street, the Lord Mayor, Sir William Magnay, in the chair. The club was at first under the presidency of John Abel Smith, Esq., M.P. The building was erected from the design of Mr. Henry Flower, architect."
- Smith, Charles Manby, Curiosities of London Life, or Phases, Physiological and Social of the Great Metropolis (1853) online at Victorian London - Publications - Social Investigation/Journalism - Curiosities of London Life, or Phases, Physiological and Social of the Great Metropolis, by Charles Manby Smith, 1853: UNFASHIONABLE CLUBS (accessed 14 January 2008)
- Charles Dickens Jr., Dickens's Dictionary of London (1879) quoted at Victorian London - Directories - Dickens's Dictionary of London, by Charles Dickens, Jr., 1879 - "Gresham Club" (accessed 14 January 2008)
- The Gresham Club House in Illustrated London News, 17 February 1844.
- Rothschild Global Locations:UK at rothschild.com (accessed 14 January 2008)
- Smith, Philippa, (ed.) Guildhall Library Manuscripts Section Electronic Newsletter, Issue No. 4 Summer 2006 (accessed 14 January 2008): "Not unexpectedly, the Vintners’ Company kept fine cellars, as did many other livery companies, the Gresham Club and Sion College."
- The Billiard Monthly, January, 1914: Jottings of the Month: online at January, 1914: Jottings of the Month (accessed 14 January 2008): "Mr L. Price, the doyen of billiard stewards, completed sixty years' service at the Gresham Club, Gresham Place, E.C. on 9 November 1913. No member is now living who was connected with the club when Mr Price entered its service in 1853.
- University of Notre Dame London Centre at nd.edu (accessed 14 January 2008)
- Growth Business, Monday 20th June 2005: Network your way to the top at growthbusiness.co.uk (accessed 14 January 2008)
- Corporation of London: Extract from the Planning Register - Site Reference 2092 at cityoflondon.gov.uk (accessed 14 January 2008)
- Gresham Club, London at nationalarchives.gov.uk (accessed 14 January 2008)
- Capital Club targets City, dated 27 January 1994, at caterersearch.com (accessed 14 January 2008)
- Reciprocal Clubs londoncapitalclub.com (accessed 14 January 2008)
- Secret at caterersearch.com (accessed 14 January 2008): "The Capital Club, a lush, business-oriented club opening in the City in September, is backed by a Far Eastern consortium, CCA International, that owns 170 clubs around the world. This is its first foray into Europe. Peter Inston, hotel stalwart, is designing the reworked interior of a five-storey 1915 building near Bank, that started life as the Gresham Club."
- Q Review, July 2002 online at apcims.co.uk (accessed 14 January 2008)
- Membership at londoncapitalclub.com (accessed 14 January 2008)
- The Gresham Room at londoncapitalclub.com (accessed 14 January 2008)
- Research Projects at University of Berlin web site (accessed 14 January 2008)