Samuel Jones-Loyd, 1st Baron Overstone Samuel Jones-Loyd, 1st Baron Overstone
(25 September 1796 – 17 November 1883) was a British banker and politician.
Background and education
Loyd's father had given up the ministry to take a partnership in his father-in-law's bank and became the founder of the London branch of Jones, Loyd & Co. Loyd joined his father's bank, and took control of the bank after his father retired in 1844. On his father's death in 1858 Loyd inherited an estate worth £
2 million. In 1864 the bank became incorporated with the London and Westminster Bank
Loyd sat in parliament as Whig
member for Hythe
from 1819 to 1826,
and unsuccessfully contested Manchester
in 1832. As early as 1832 he was recognized as one of the foremost authorities on banking, and he enjoyed much influence with successive ministries and chancellors of the exchequer
. Loyd is considered as one of the great figures in British monetary history, particularly with respect to the Bank Charter Act of 1844
. He was also opposed to limited liability
and the introduction of a decimal currency
. In 1850 he was raised to the peerage as Baron Overstone
, of Overstone and of Fotheringhay, both in the County of Northampton.
Lord Overstone was a member of The Club (Literary Club)
and the Political Economy Club
and served as High Sheriff of Warwickshire
and as President of the Royal Statistical Society
from 1851 to 1853. In 1847 and 1848, he served on the committee of the British Relief Association
, which raised almost half a million pounds on behalf of the famine victims in Ireland. (see,
Christine Kinealy, Charity and the Great Hunger. The Kindness of Strangers'. Bloomsbury, 2013)
Lord Overstone married Harriet, daughter of Ichabod Wright, in 1829. They had one son, who died as an infant, and a daughter.
His seat was Overstone House, Overstone
built in 1862–4 to a design by William Milford Teulon
, brother of the more eminent -and notorious 'Rogue'- Victorian architect Samuel Sanders Teulon
. Lady Overstone died on 6 November 1864. Overstone remained a widower until his death on 17 November 1883, aged 87. The barony died with him as he had no surviving male issue. His will was proven on 31 December at £2,118,803 17s. 5d. (roughly equivalent to £214,974,451 in 2019
The majority of his considerable fortune was passed on to his daughter, the Honourable Harriet Sarah Loyd
. She was the wife of Robert Lindsay
, who assumed the additional surname
of Loyd and was created Baron Wantage in 1885.
Overstone's relative Lewis Vivian Loyd
, the son of his second cousin William Jones Loyd,
inherited part of the estate, including the manor of Withybrook
, Wolvey, Warwickshire.
- ^ a b c d Samuel Jones Loyd, 1st and last Baron Overstone
- ^ "Loyd,Samuel Jones (LT813SJ)". A Cambridge Alumni Database. University of Cambridge.
- ^ RBS History
- ^ leighrayment.com House of Commons: Horncastle to Hythe
- ^ "No. 21073". The London Gazette. 1 March 1850. p. 653.
- ^ "No. 19586". The London Gazette. 2 February 1838. p. 232.
- ^ Christine Kinealy, Charity and the Great Hunger. The Kindness of Strangers'. Bloomsbury, 2013
- ^ UK Retail Price Index inflation figures are based on data from Clark, Gregory (2017). "The Annual RPI and Average Earnings for Britain, 1209 to Present (New Series)". MeasuringWorth. Retrieved 2 February 2020.
- ^ "Baron Overstone". probatesearchservice.gov. UK Government. 1883. Retrieved 10 August 2019.
- ^ Alwyne E Loyd (December 1990), Lloyd and Loyd 1690-1990, Cil-y-cwm history and heritage. via archive.org
Last edited on 21 May 2021, at 04:41
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