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News, views and events detailing the Black presence in the Americas.

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Monday, June 29, 2009

Rothschild & Freshfields' founders had links to slavery, papers reveal

Journalist Carola Hoyos writes in the Financial Times that, "Two of the biggest names in the City of London had previously undisclosed links to slavery in the British colonies, documents seen by the Financial Times have revealed.

"Nathan Mayer Rothschild, the banking family's 19th-century patriarch, and James William Freshfield, founder of Freshfields, the top City law firm, benefited financially from slavery, records from the National Archives show, even though both have often been portrayed as opponents of slavery.

"Far from being a matter of distant history, slavery remains a highly contentious issue in the US, where Rothschild and Freshfields are both active.

"Companies alleged to have links to past slave injustices have come under pressure to make restitution."
7:48 am edt 


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