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.

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, joined his father's bank. After his father retired in 1844, Samuel Loyd took control of the bank. Then in 1863 the bank became incorporated with the London and Westminster Bank.

Loyd then turned his interest to politics. He 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.

In 1850, he received a peerage as Baron Overstone of Overstone and Fotheringhay. 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.