Alexander Henderson, 1st Baron Faringdon

Alexander Henderson, 1st Baron Faringdon CH (28 September 1850 – 17 March 1934), known as Sir Alexander Henderson, 1st Baronet, from 1902 to 1916, was a British financier and Liberal Unionist Member of Parliament.

Biography

Henderson was the son of George Henderson of Langholm, Dumfriesshire. He began his career in the City of London with the accountancy firm Deloittes before becoming a stockbroker. He was best known as a financier of railways in the UK and internationally (such as the Algeciras Gibraltar Railway Company), and was chairman of the Great Central Railway (GCR) from 5 May 1899 until the end of 1922, and then deputy chairman of its successor, the London and North Eastern Railway (LNER), from 1923 until his death. He was also a major shareholder in the Manchester Ship Canal, and was involved in port developments and telephone and electrical systems in several countries. The asset management firm Henderson Global Investors was founded in 1934 to administer his estate. Two investment companies have been established due to his estate. Witan Investment Trust was created in 1909 to manage his estate, with the asset management firm Henderson Global Investors founded after his death in 1934 to administer his estate.

He was elected to the House of Commons for West Staffordshire in 1898, a seat he held until 1906, and then represented St George's Hanover Square from 1913 to 1916.

It was announced that he would receive a baronetcy in the 1902 Coronation Honours list published on 26 June 1902 for the (subsequently postponed) coronation of King Edward VII, and on 24 July 1902 he was created a Baronet, of Buskat park, in the county of Berkshire. In 1916 he was raised to the peerage as Baron Faringdon, of Buscot Park in the county of Berkshire (now Oxfordshire). In 1912 he was appointed High Sheriff of Berkshire and on 4 June 1917 made a Companion of Honour for "services in connection with the war", in his capacity as Vice-Chairman of Shipping Control Committee.

Family

Henderson married Jane Ellen, daughter of Edward William Davis, in 1874. He died in March 1934, aged 83, and was succeeded by his grandson Gavin, his eldest son Lieutenant-Colonel the Hon. Harold Henderson having predeceased him.

Altogether, the Hendersons had seven children: Harold (born 29 October 1875); Alec (born 23 October 1876); Frank (born 11 October 1877); Margaret (born 6 April 1879); Philip (born 16 March 1881); Arnold (born 1 July 1883); and Eric (born 26 September 1884). Eric changed his surname to Butler-Henderson shortly after his marriage in 1910, and it was as the Hon. Eric B. Butler-Henderson that he was elected to the Board of the GCR in 1918; like his father, he also served on the Board of the LNER from its formation at the start of 1923.

Honours

Both Henderson and his wife were honoured by having railway locomotives named after them, all being express passenger types. In 1902, the Great Central Railway (GCR), the railway of which Henderson was chairman, gave the name Sir Alexander to one of their 4-4-0 locomotives, no. 1014 of class 11B (LNER class D9), which had been built the previous year; Henderson having recently been created a baronet. His wife was similarly honoured when one of the GCR's class 8E 4-4-2 (LNER class C5), no. 364 (built 1906), was named Lady Henderson by March 1907. In August 1913, the GCR named their new Class 11E (LNER Class D10) 4-4-0 locomotives after directors of that railway; they became known as the "Director" class as a result. The first of the class, no. 429, was named Sir Alexander Henderson, and the name Sir Alexander was removed from no. 1014 at the same time. In 1917, after Henderson was raised to the peerage, no. 364 was renamed Lady Faringdon, and carried the name until withdrawal in December 1947; but instead of no. 429 being renamed, the name was removed from this locomotive, and instead, newly built class 9P 4-6-0 (LNER class B3) no. 1169 was named Lord Faringdon, and carried the name until withdrawal in December 1947. In March 1948, British Railways renamed an ex-LNER class A4 4-6-2, no. 60034 (hitherto named Peregrine) Lord Faringdon; again the name was carried until withdrawal, this occurring in 1966.

Henderson's youngest son Eric was similarly honoured in 1919 when class 11F 4-4-0 no. 506 was named Butler-Henderson; Eric was one of only two GCR Directors of the time who had not already given their names to locomotives. This locomotive ran until 1960, and has been preserved. In addition to these, the Hendersons' Scottish retreat provided the name for another GCR locomotive – no. 4 Glenalmond of class 1A; built in 1913, it ran until 1947.