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(Top) 1 Background and education 2 Banking 3 Political career 4 Family 5 References 6 Further reading 7 External links

Samuel Jones-Loyd, 1st Baron Overstone

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The Right Honourable The Lord Overstone

Member of Parliament for Hythe
In office 1819–1826

Personal details
Born	Samuel Jones-Loyd 25 September 1796
Died	17 November 1883 (1883-11-18) (aged 87)
Political party	Whig
Spouse	Harriet Wright (m. 1829; died 1864)
Children	2, including Harriet
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.

Background and education[edit]

Loyd was the only son of the Rev. Lewis Loyd and Sarah, daughter of John Jones, a Manchester banker.^[1] He was educated at Eton and Trinity College, Cambridge.^[2]

Banking[edit]

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.^[3]

Political career[edit]

Loyd sat in parliament as Whig member for Hythe from 1819 to 1826,^[1] 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 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.^[4] Lord Overstone was a member of The Club (Literary Club) and the Political Economy Club and served as High Sheriff of Warwickshire in 1838^[5] 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,^[6] Christine Kinealy, Charity and the Great Hunger. The Kindness of Strangers'. Bloomsbury, 2013)

Family[edit]

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 was Overstone House, Overstone, Northamptonshire 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 £269,552,353 in 2023^[7]).^[8]

The majority of Overstone's fortune was passed on to his daughter, Harriet. She was the wife of Robert Lindsay, who assumed the additional surname of Loyd and was created Baron Wantage in 1885.^[9] Overstone's relative Lewis Vivian Loyd, the son of his second cousin William Jones Loyd,^[10] inherited part of the estate, including the manor of Withybrook, Wolvey, Warwickshire.

References[edit]

^ ^a ^b ^c "Loyd, Samuel Jones (1796-1883), of 22 New Norfolk Street, Park Lane, Mdx., History of Parliament Online". www.historyofparliamentonline.org.

^ "Loyd, Samuel Jones (LT813SJ)". A Cambridge Alumni Database. University of Cambridge.

^ RBS History

^ "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

^ UKRetail 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 7 May 2024.

^ "Baron Overstone". probatesearchservice.gov. UK Government. 1883. Retrieved 10 August 2019.

^ Cokayne, George Edward (1895). Complete Peerage of England, Scotland, Ireland, Great Britain and the United Kingdom, Extant, Extinct, Or Dormant. G. Bell & Sons. p. 159 and note b.

^ Alwyne E Loyd (December 1990), Lloyd and Loyd 1690-1990, Cil-y-cwm history and heritage. via archive.org

External links[edit]

Parliament of the United Kingdom
Preceded by John Bladen Taylor Sir John Perring, Bt	Member of Parliament for Hythe 1819–1826 With: Sir John Perring 1819–1820 Stewart Marjoribanks 1820–1826	Succeeded by Stewart Marjoribanks Sir Robert Townsend-Farquhar, Bt
Honorary titles
Preceded by Henry Cadwallader Adams	High Sheriff of Warwickshire 1838	Succeeded by Sir Francis Lawley, Bt
Peerage of the United Kingdom
New creation	Baron Overstone 1850–1883	Extinct

v t e Presidents of the Royal Statistical Society
19th century	1834–1836 The Marquess of Lansdowne 1836–1838 Sir Charles Lemon, Bt 1838–1840 The Earl FitzWilliam 1840–1842 Viscount Sandon 1842–1843 The Marquess of Lansdowne 1843–1845 Lord Ashley 1845–1847 The Lord Monteagle of Brandon 1847–1849 The Earl FitzWilliam 1849–1851 The Earl of Harrowby 1851–1853 The Lord Overstone 1853–1855 The Earl FitzWilliam 1855–1857 The Earl of Harrowby 1857–1859 Lord Stanley 1859–1861 Lord John Russell 1861–1863 Sir John Pakington, Bt 1863–1865 William Henry Sykes 1865–1867 The Lord Houghton 1867–1869 William Ewart Gladstone 1869–1871 William Newmarch 1871–1873 William Farr 1873–1875 William Guy 1875–1877 James Heywood 1877–1879 George Shaw-Lefevre 1879–1880 Thomas Brassey 1880–1882 James Caird 1882–1884 Robert Giffen 1884–1886 Rawson W. Rawson 1886–1888 George Goschen 1888–1890 Thomas Graham Balfour 1890–1892 Frederic J. Mouat 1892–1894 Charles Booth 1894–1896 The Lord Farrer 1896–1897 John Biddulph Martin 1897 Alfred Edmund Bateman 1897–1899 Leonard Courtney 1899–1900 Henry Fowler 1900–1902 The Lord Avebury
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