Samuel Jones-Loyd, 1st Baron Overstone
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Samuel Jones-Loyd, 1st Baron Overstone (25 September 1796 – 1883) was a British banker and politician.
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[edit] Banker
Samuel Loyd was the only son of Rev. Lewis Loyd, a Manchester banker who at his death in 1858 left Samuel Loyd an estate worth £2 million. Loyd's father, who had married a daughter of John Jones (a banker in Manchester), had given up the ministry to take a partnership in his father-in-law's bank, Lewis Loyd became the founder of the London branch of Jones, Loyd & Co.
Samuel Loyd was educated at Eton and Trinity College, Cambridge.[1] He joined his father's bank, and took control of the bank after his father retired in 1844. In 1864 the bank became incorporated with the London and Westminster Bank[2].
[edit] Politician
Loyd sat in parliament as Liberal 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 was 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.
[edit] Other
He was a member of The Club (Literary Club) and the Political Economy Club.
In 1850, he received a peerage as Baron Overstone of Overstone and Fotheringhay. His seat was Wolvey Hall, Wolvey, Warwickshire which he purchased in 1815. He served as High Sheriff of Warwickshire in 1838.[3] From 1851–1853 he served as President of the Royal Statistical Society. The barony became extinct on his death, since his only child was a daughter - Harriet Sarah Jones-Loyd - who married Victoria Cross recipient Robert James Loyd-Lindsay, Baron Wantage of Lockinge.
[edit] External links
- The Overstone Papers in Senate House Library, University of London
- http://www.aim25.ac.uk/cats/14/2017.htm
- http://www.berkshirehistory.com/bios/rjllinsay.html
- http://freepages.genealogy.rootsweb.com/~villages/berks/ardington_lockinge.htm
[edit] References
- This article incorporates text from the Encyclopædia Britannica, Eleventh Edition, a publication now in the public domain.
- ^ Loyd, Samuel Jones in Venn, J. & J. A., Alumni Cantabrigienses, Cambridge University Press, 10 vols, 1922–1958.
- ^ RBS History
- ^ London Gazette: no. 19586, p. 232, 2 February 1838.
| Parliament of the United Kingdom | ||
|---|---|---|
| Preceded by John Bladen Taylor Sir John Perring |
Member of Parliament for Hythe 1819 – 1826 With: Sir John Perring to 1820 Stewart Marjoribanks from 1820 |
Succeeded by Stewart Marjoribanks Sir Robert Townsend-Farquhar |
| Honorary titles | ||
| Preceded by Henry Cadwallader Adams |
High Sheriff of Warwickshire 1838 |
Succeeded by Sir Francis Lawley |
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