William Henry Wakefield

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William Henry Wakefield (1828–1889) was an English banker. Wakefield was a partner in Wakefield Crewdson & Co., the family bank to which his father brought him in. He became the senior partner of the bank 1864. Through the bank he was involved in railways and gunpowder manufacturing.

William Henry Wakefield, 1870 portrait by William Menzies Tweedie

Life[edit]

He belonged the Kendal banking family of Wakefield, being the son of John Wakefield III.[1] The Wakefields were Quakers, but his father had been disowned by the Kendal Society of Friends on marrying an Anglican.[2] He was born at Broughton Lodge near Cartmel, on 18 May 1828, one of six children of John Wakefield and Fanny McArthur of Glasgow.[3][4]

Wakefield was a partner in Wakefield Crewdson & Co., the family bank to which his father brought him in, during 1850; and a gunpowder manufacturer.[1][5] In 1863 the Wakefield family took on a majority share of the bank; in 1864 Wakefield became the senior partner.[6]

Wakefield was a director of the South Durham and Lancashire Union Railway, a cross-Pennine venture to connect Furness to the north-east in which Kendal men were well represented.[7][8] He was also a landowner, with over 5000 acres in Westmorland in 1873.[9]

In 1858 Wakefield built a house at Prizett, 2.5 miles south of Kendal.[10][11] After his father's death in 1866, he had a 7/16 share of the bank, and set about building Sedgwick House, nearby.[12][13] It replaced the old house of the same name, just to the north-west on the same site.[14] He also supported the building of St Thomas' Church, Crosscrake, which used the same architects, Paley and Austin, as Sedgwick House.[15] With Sir Francis Powell he succeeding in turning round Sedbergh School, when it was close to collapse.[16]

Sedgwick House, Cumbria

Wakefield died while hunting.[17] The gunpowder company W. H. Wakefield & Co. continued into the 20th century.[18] The Kendal bank was bought by the Bank of Liverpool in 1893.[19]

Family[edit]

He married Augusta, daughter of James Hagarty, US Consul at Liverpool.[3] Their children, four sons and three daughters, included Mary Wakefield (1853–1910), organiser of music festivals.[4][12][20]

References[edit]

  • George Chandler (1968). Four Centuries of Banking. 2. B. T. Batsford. 

Notes[edit]

  1. ^ a b Chandler, p. 99.
  2. ^ Rosemary Mingins (2004). The Beacon Controversy and Challenges to British Quaker Tradition in the Early Nineteenth Century. Edwin Mellen Press. p. 241. ISBN 0-7734-6383-6. 
  3. ^ a b https://archive.org/stream/marywakefieldmem00newmuoft#page/12/mode/2up
  4. ^ a b Joseph Foster, The descendants of John Backhouse, yeoman, of Moss Side, near Yealand Redman, Lancashire vol. 1 (1894), p. 71–3; archive.org.
  5. ^ A directory of the joint-stock and private banks in England and Wales. 1852. p. vi. Retrieved 23 April 2013. 
  6. ^ Chandler, p. 100.
  7. ^ Maurice W. Kirby (4 July 2002). The Origins of Railway Enterprise: The Stockton and Darlington Railway 1821-1863. Cambridge University Press. p. 188. ISBN 978-0-521-89280-3. Retrieved 23 April 2013. 
  8. ^ Margaret E. Shepherd (2003). From Hellgill To Bridge End: Aspects of Economic and Social Change in the Upper Eden Valley Circa 1840-95. Univ of Hertfordshire Press. p. 200. ISBN 978-1-902806-32-7. Retrieved 23 April 2013. 
  9. ^ John Duncan Marshall; John K. Walton (1981). The Lake Counties from 1830 to the Mid-twentieth Century: A Study in Regional Change. Manchester University Press. p. 122. ISBN 978-0-7190-0824-5. Retrieved 23 April 2013. 
  10. ^ https://archive.org/stream/marywakefieldmem00newmuoft#page/14/mode/2up
  11. ^ Black Adam and Charles, ltd; John Phillips (1870). Black's picturesque guide to the English lakes. p. 11. Retrieved 23 April 2013. 
  12. ^ a b Chandler, p. 101.
  13. ^ https://archive.org/stream/marywakefieldmem00newmuoft#page/16/mode/2up
  14. ^ Historic England. "Sedgwick House (503308)". PastScape. Retrieved 8 October 2015. 
  15. ^ The Story of St Thomas Crosscrake.
  16. ^ Frederic Blagden Malim (1948). Almae Matres: Recollections of Some Schools at Home and Abroad. CUP Archive. p. 33. GGKEY:PQ8ZGX74UXE. Retrieved 23 April 2013. 
  17. ^ Howard L. Malchow (1992). Gentlemen Capitalists: The Social and Political World of the Victorian Businessmen. Stanford University Press. p. 223. ISBN 978-0-8047-1807-3. Retrieved 23 April 2013. 
  18. ^ https://archive.org/stream/riseprogressofbr00interich#page/414/mode/2up
  19. ^ Chandler, vol. 1, p. 379.
  20. ^ http://www.mwwf.co.uk/history-of-the-festival/page_2.html