View source for Samuel Jones-Loyd, 1st Baron Overstone

{{Short description|British Whig politician and banker}}
{{Use dmy dates|date=April 2020}}
{{Infobox officeholder
|honorific_prefix = [[The Right Honourable]]
|name        = The Lord Overstone
|honorific_suffix = 
|image       = 
|caption     = 
|office      =  [[Member of Parliament (United Kingdom)|Member of Parliament]]<br />for [[Hythe (UK Parliament constituency)|Hythe]]
|term_start  =  1819
|term_end    =  1826
|predecessor =  <!--Can be repeated up to eight times by adding a number-->
|successor   =  <!--Can be repeated up to eight times by adding a number-->
|birth_date   = 25 September 1796
|birth_place  = 
|death_date   = {{Death-date and age|17 November 1883|25 September 1796}}
|death_place  = 
|restingplace = 
|restingplacecoordinates = 
|birth_name   = Samuel Jones-Loyd
|nationality  = 
|party        = [[Whig (British political faction)|Whig]]
|otherparty   =  <!--For additional political affiliations-->
|spouse       = {{Marriage|Harriet Wright |1829 |1864 |end=d}}
|relatives    = 
|children     = 2, including [[Harriet Jones-Loyd, Lady Wantage|Harriet]]
|residence    = 
|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==
Loyd was the only son of the Rev. Lewis Loyd and Sarah, daughter of John Jones, a [[Manchester]] banker.<ref name="HoP">{{cite web |title=Loyd, Samuel Jones (1796-1883), of 22 New Norfolk Street, Park Lane, Mdx., History of Parliament Online |url=https://www.historyofparliamentonline.org/volume/1820-1832/member/loyd-samuel-1796-1883 |website=www.historyofparliamentonline.org}}</ref> He was educated at [[Eton College|Eton]] and [[Trinity College, Cambridge]].<ref>{{acad|id=LT813SJ|name = Loyd, Samuel Jones}}</ref>

==Banking==
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 [[Pound sterling|£]] 2 million. In 1864 the bank became incorporated with the [[London and Westminster Bank]].<ref>[http://www.rbs.com/about03.asp?id=ABOUT_US/OUR_HERITAGE/OUR_HISTORY/OUR_BANKING_FAMILY/PAST_CONSTITUENTS/LONDON_AND_WESTMINSTER_BANK RBS History]</ref>

==Political career==
Loyd sat in parliament as [[Whig (British political faction)|Whig]] member for [[Hythe (UK Parliament constituency)|Hythe]] from 1819 to 1826,<ref name="HoP"/> and unsuccessfully contested [[Manchester (UK Parliament constituency)|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 [[Chancellor of the Exchequer|chancellors of the exchequer]]. Loyd is considered one of the great figures in British monetary history, particularly with respect to the [[Bank Charter Act 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.<ref>{{London Gazette|issue=21073 |date=1 March 1850 |page=653 }}</ref> Lord Overstone was a member of [[The Club (Literary Club)]] and the [[Political Economy Club]] and served as [[High Sheriff of Warwickshire]] in 1838<ref>{{London Gazette|issue=19586|page=232|date=2 February 1838}}</ref> 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,<ref>Christine Kinealy, Charity and the Great Hunger. The Kindness of Strangers'.  Bloomsbury, 2013</ref> Christine Kinealy, Charity and the Great Hunger. The Kindness of Strangers'.  Bloomsbury, 2013)

==Family==
Lord Overstone married Harriet, daughter of Ichabod Wright, in 1829. They had one son, who died as an infant, and a daughter.<ref name="HoP"/> His seat was [[Overstone Hall|Overstone House]], [[Overstone, Northamptonshire|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 £{{formatnum:{{Inflation|UK|2118803|1883|r=0}}}} in {{Inflation-year|UK}}{{Inflation-fn|UK|df=y}}).<ref name="probate">{{cite web |url=https://probatesearch.service.gov.uk/Calendar?surname=Overstone&yearOfDeath=1883&page=1#calendar |title=Baron Overstone |author=<!--Not stated--> |date=1883 |website=probatesearchservice.gov |publisher=UK Government |access-date=10 August 2019 }}</ref>

The majority of Overstone's fortune was passed on to his daughter, [[Harriet Sarah Jones-Loyd, Lady Wantage|Harriet]]. She was the wife of [[Robert Loyd-Lindsay, 1st Baron Wantage|Robert Lindsay]], who [[Name change#Historical usage|assumed the additional surname]] of Loyd and was created Baron Wantage in 1885.<ref>{{cite book |last1=Cokayne |first1=George Edward |title=Complete Peerage of England, Scotland, Ireland, Great Britain and the United Kingdom, Extant, Extinct, Or Dormant |date=1895 |publisher=G. Bell & Sons |page=159 and note b |url=https://books.google.com/books?id=JLAKAAAAYAAJ&pg=PA159 |language=en}}</ref> Overstone's relative [[Lewis Vivian Loyd]], the son of his second cousin William Jones Loyd,<ref>Alwyne E Loyd (December 1990), [https://web.archive.org/web/20080203110839/http://www.cilycwm.com/ci_history.php#lloyd Lloyd and Loyd 1690-1990], Cil-y-cwm history and heritage. via [[archive.org]]</ref> inherited part of the estate, including the manor of [[Withybrook]], Wolvey, Warwickshire.

==References==
{{Reflist}}

== Further reading ==
* {{cite book | last1=Overstone | first1=Samuel Jones Loyd, Baron | last2=O'Brien | first2=D. P. | title=The correspondence of Lord Overstone | publisher=University Press | publication-place=Cambridge | date=1971 | isbn=0-521-07943-8 | oclc=216068}}
* {{cite book | last=Read | first=Charles | title=The Great Famine in Ireland and Britain's Financial Crisis | publication-place=Woodbridge | date=2022 | isbn=978-1-80010-627-7 | oclc=1338837777}}

{{EB1911|wstitle=Overstone, Samuel Jones Loyd, 1st Baron|volume=20|page=384}}

== External links ==

* {{NPG name}}
* {{Internet Archive author |sname= Samuel Jones Loyd}}
* {{Hansard-contribs | mr-samuel-loyd | Samuel Jones-Loyd }}
*[http://archives.ulrls.lon.ac.uk/dispatcher.aspx?action=search&database=ChoiceArchive&search=IN=MS804 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

{{S-start}}
{{S-par|uk}}
{{Succession box
 | title  = [[Member of Parliament (United Kingdom)|Member of Parliament]] for [[Hythe (UK Parliament constituency)|Hythe]]
 | years  = 1819–1826
 | with   = [[Sir John Perring, 1st Baronet|Sir John Perring]] 1819&ndash;1820
 | with2  = [[Stewart Marjoribanks]] 1820&ndash;1826
 | before = [[John Bladen Taylor]]<br />[[Sir John Perring, 1st Baronet|Sir John Perring, Bt]]
 | after  = [[Stewart Marjoribanks]]<br />[[Sir Robert Townsend-Farquhar, 1st Baronet|Sir Robert Townsend-Farquhar, Bt]]
}}
{{S-hon}}
{{Succession box| before=Henry Cadwallader Adams | title=[[High Sheriff of Warwickshire]] | years=1838 | after=[[Sir Francis Lawley, 7th Baronet|Sir Francis Lawley, Bt]]}}
{{S-reg|uk}}
{{S-new| creation}}
{{S-ttl
 | title  = [[Baron Overstone]]
 | years  = 1850–1883
}}
{{s-non | reason = Extinct }}
{{s-end}}

{{Royal Statistical Society presidents}}
{{Authority control}}

{{DEFAULTSORT:Overstone, Samuel Jones-Loyd, 1st Baron}}
[[Category:1796 births]]
[[Category:1883 deaths]]
[[Category:People educated at Eton College]]
[[Category:Alumni of Trinity College, Cambridge]]
[[Category:Whig (British political party) MPs for English constituencies|Loyd]]
[[Category:Barons in the Peerage of the United Kingdom]]
[[Category:High sheriffs of Warwickshire]]
[[Category:Presidents of the Royal Statistical Society]]
[[Category:Members of the Parliament of the United Kingdom for English constituencies|Loyd]]
[[Category:UK MPs 1818–1820]]
[[Category:UK MPs 1820–1826]]
[[Category:UK MPs who were granted peerages]]
[[Category:Sheriffs of Warwickshire]]
[[Category:Peers of the United Kingdom created by Queen Victoria]]