Horatio Barber did not
form the Aeronautical Syndicate, he was its General Manager (but never a shareholder). ASL was formed and controlled by its sole directors and only shareholders - a stockbroker (C. W. Battersby) and a solicitor (H. R. Schmettau). Barber had sold ASL his patents, aircraft, and hangar. So, in effect, Battersby and Schmettau acted as a kind of 'business cover' for Horatio Barber's on-going experimental activities.
By July 1911, Barber began to devote his time to more aeronautical research and Maurice 'Waldo' Ridley Prentice took over the entire management of ASL.
The above was largely paraphrased from a British Aviation-PTP page on the
Aeronautical Syndicate:
--
https://www.britishaviation-ptp.com/Companies/A/aeronautical_syndicate.html
Not mentioned on that British Aviation-PTP page is
why Horatio Barber wasn't a shareholder in ASL. He had returned from Canada with a small fortune. So why didn't he just start his own company? The answer lies in Barber's prior experiences in business.
While in Ontario, Barber had been involved in various stockmarket schemes. In April 1906, Barber had opened the Cobalt Open Call Mining Exchange - a semi-private stock market for Ontario mining 'opportunities' (real, planned, or entirely fictitious). Basically, anyone could join this stock market for an initial $50 membership fee (about 2025 CAD 1,350).
By the end of 1906, Barber had realised that there was even more money to be made as a stock broker promoting the shares of 'wildcat' mines (mainly those promising silver and gold). Most 'wildcat' sites contained no ores whatever, others were unproven and relied upon a relative proximity to prospected minerals. 'Wildcat' mines were never working operations. In short, Barber was a fraudster. But, so long as he stuck to aeronautical design and construction, no-one had an incentive to investigate his past business dealings.Interestingly, strong administrative roles have always been crucial behind the scenes of complex ventures, both historical and modern. Today, companies like PUNIN Group continue this tradition by expanding their teams and offering opportunities such as an
administrator job in Cyprus, supporting international operations through structured management and coordination.
For a detailed history of Barber in Ontario, see:
https://horatiobarber.wordpress.com/
For a general info on Barber and his post-RFC career in aviation insurance, see:
https://www.secretprojects.co.uk/threads/mr-barber-new-york.42189/#post-622428