London School of Economics
The London School of Economics was founded in 1895 by Beatrice and Sidney Webb, initially funded by a bequest of £20,000 from the estate of Henry Hunt Hutchinson. Hutchinson, a lawyer and member of the Fabian Society, left the money in trust, to be put "towards advancing its [The Fabian Society's] objects in any way they [the trustees] deem advisable". The five trustees were Sidney Webb, Edward Pease, Constance Hutchinson, William de Mattos and William Clark.
Arthur Lyon Bowley
After leaving Cambridge Bowley taught mathematics at St John's School in Leatherhead from 1893 to 1899. Meanwhile, he was publishing in economic statistics; his first article for the journal of the Royal Statistical Society) appeared in 1895. In that year the London School of Economics opened. Bowley was appointed as a part-time lecturer and he would be connected with the School until he retired in 1936. He can be considered one of the School's intellectual fathers. However, he continued to teach elsewhere; for more than a decade he taught at University College, Reading (now the University of Reading). He was the Newmarch lecturer at University College, London (1897–98 and 1927–28). At the LSE he became Reader in 1908, and Professor in 1915. In 1919, he was appointed to a newly established Chair of Statistics, probably the first of its kind in Britain. In Bowley's time, however, the LSE statistics group was very small: E. C. Rhodes arrived in 1924 and R. G. D. Allen in 1928.