The Lord Overstone | |
|---|---|
| Member of Parliament forHythe | |
| In office 1819–1826 | |
| Personal details | |
| Born | Samuel Jones-Loyd 25 September 1796 |
| Died | 17 November 1883(1883-11-17) (aged 87) |
| Party | Whig |
| Spouse | |
| Children | 2, includingHarriet |
| Alma mater | Trinity College, Cambridge |
| Occupation | Banker |
Samuel Jones-Loyd, 1st Baron Overstone (25 September 1796 – 17 November 1883) was a British banker and politician.
Loyd was the only son of the Rev. Lewis Loyd and Sarah, daughter of John Jones, aManchester banker.[1] He was educated atEton andTrinity College, Cambridge.[2]
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 theLondon and Westminster Bank.[3]
Loyd sat in parliament asWhig member forHythe from 1819 to 1826,[1] and unsuccessfully contestedManchester 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 andchancellors of the exchequer. Loyd is considered one of the great figures in British monetary history, particularly with respect to theBank Charter Act 1844. He was also opposed tolimited liability and the introduction of adecimal currency. In 1850 he was raised to the peerage asBaron Overstone, of Overstone and of Fotheringhay, both in the County of Northampton.[4] Lord Overstone was a member ofThe Club (Literary Club) and thePolitical Economy Club and served asHigh Sheriff of Warwickshire in 1838[5] and asPresident of the Royal Statistical Society from 1851 to 1853. In 1847 and 1848, he served on the committee of theBritish Relief Association, which raised almost half a million pounds on behalf of the famine victims in Ireland. (see,[6] 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.[1] His seat wasOverstone House,Overstone,Northamptonshire built in 1862–4 to a design byWilliam Milford Teulon, brother of the more eminent - and notorious 'Rogue' - Victorian architectSamuel 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 £269,552,353 in 2023[7]).[8]
The majority of Overstone's fortune was passed on to his daughter,Harriet. She was the wife ofRobert Lindsay, whoassumed the additional surname of Loyd and was created Baron Wantage in 1885.[9] Overstone's relativeLewis Vivian Loyd, the son of his second cousin William Jones Loyd,[10] inherited part of the estate, including the manor ofWithybrook, Wolvey, Warwickshire.
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This article incorporates text from a publication now in thepublic domain: Chisholm, Hugh, ed. (1911). "Overstone, Samuel Jones Loyd, 1st Baron".Encyclopædia Britannica. Vol. 20 (11th ed.). Cambridge University Press. p. 384.
| Parliament of the United Kingdom | ||
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| Preceded by | Member of Parliament forHythe 1819–1826 With:Sir John Perring 1819–1820 Stewart Marjoribanks 1820–1826 | Succeeded by |
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| Preceded by Henry Cadwallader Adams | High Sheriff of Warwickshire 1838 | Succeeded by |
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| New creation | Baron Overstone 1850–1883 | Extinct |
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