I did some more digging on the topic of “the City, where the patriotism comes from” (‘Reginald on Worries’) after posting about it last week and it seems that my suspicions were correct. The City (meaning, when capitalised, the financial and business district of London) was very active patriotically, especially at the time of the Boer War:
In December 1899, the City decided to subsidize, equip, train, and send to South Africa a volunteer force to fight in the Boer War […] The lord mayor, Sir Alfred J. Newton, Bart., was the moving spirit behind this enterprise. On December 21 the Court of Common Council of the City of London agreed, at his urging, to provide £25,000 toward the regiment, henceforth to be known as the City Imperial Volunteers, or CIV, which would number 1,000 men. Something like fifty City companies contributed an additional £34,000, while individual City gentlemen found yet another £55,000 for the project. The entire sum of £114,000 was raised within days. Simultaneously three great shipping families, Wilson, Currie, and Evans, announced that they would transport the volunteers to South Africa free of charge. It took only three weeks for the volunteers, all Londoners, all bachelors, many employed in the City itself, and numbering 1,550 in the end, to be registered, medically certified, trained, and sent off to Africa.
The social composition of the CIV suggests that a surprising number of London’s gentlemanly capitalists were prepared to fight and die for empire. Forty-four employees of London’s leading banks volunteered, according to one count, fifty-two according to another, including “a very good percentage of Bank of England officers.” Twenty-one lawyers from the Inns of Court served. Something like two hundred brokers, jobbers, and clerks at the Stock Exchange served as well. “The Stock Exchange has had some very nasty things said about it,” boasted the Financial Times of January 15, but “what other similar body of private individuals in the country has sent anything like so large a proportion?”
It was not only the elite of the City who volunteered, however, but rather a broad cross section of its working population.
Common sense suggests, and research confirms almost immediately, that the empire tugged not only at purse strings but at heartstrings too. Men were unlikely to volunteer for service in South Africa and to risk their lives solely for their profit margins. They fought and died for something better, something larger.
They accepted British rationales for the conflict at face value and repeated them to one another. “We have been forced to the arbitrament of war,” declared the lord mayor to five hundred CIVs at their swearing-in ceremony, ”and we shall not sheathe the sword until our supremacy in South Africa is established – a supremacy which will be universally welcomed as securing in that country equality before the law to all nationalities, and, in consequence, real freedom in its best and only true sense.” Some may have fought, in part, because they believed that British rule in South Africa would benefit the Africans themselves. “In time, by God’s blessing, we may hope to be enabled to extend the benefits of peace, justice and mercy throughout all the dark places of the earth,” said one gentlemanly capitalist. More common was the statement of Lord Gifford to the shareholders of the Bechuanaland Exploration Company: the war would assure “equal rights to all white men.” This would be “true liberty as we understand it.”
But to many in the City the empire stood for more than political principles; it stood for something mystical, based upon blood ties which united the Anglo-Saxon race. “The British Empire is no mere name, no congeries of independent peoples bound together only by the fact that they choose to colour all their lands pink on the map,” boasted the Financial Times of June 1, 1900. Rather the empire was an organic whole, a family, as the “magnificent enthusiasm with which the colonies have thrown themselves into the fight [against the Boers] and have clamoured for the forefront in the battlefield” demonstrated.
On numerous occasions the City turned out as one to greet returning soldiers or sailors from South Africa, suspending business to wave flags and national emblems, to cheer and sing “Rule Britannia” and “God Save the Queen,” above all, it would appear, to drink. When the City learned that Lord Dundonald’s troops finally had broken the Boer siege of Ladysmith, for example, “by one o’clock the whole of the year’s stock of champagne was sold out [at Mabey’s restaurant] and other restaurants enjoyed a similar experience.” Upon the relief of Mafeking, the stock exchange devoted three full days to celebrations. Its members arranged even for a movie camera to record these activities, so that later generations could witness the intensity of gentlemanly capitalism’s patriotic and imperial sentiment.
The extracts above are taken from London 1900: The Imperial Metropolis, pp. 85-92, by Jonathan Schneer (which I recommend as an interesting read).