Samuel Jones-Loyd, 1st Baron Overstone
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The Right Honourable The Lord Overstone |
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In office 1819–1826 |
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| Personal details | |
| Born | 25 September 1796 |
| Died | 17 November 1883 (aged 87) |
| Political party | Whig |
| Parents | Reverend Lewis Loyd Sarah Jones Loyd |
| 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 Reverend Lewis Loyd and Sarah, daughter of John Jones, a Manchester banker. He was educated at Eton and Trinity College, Cambridge.
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.
Loyd sat in parliament as Whig 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 is considered as 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. Lord Overstone was a member of The Club (Literary Club) and the Political Economy Club and served as High Sheriff of Warwickshire in 1838 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, Christine Kinealy, Charity and the Great Hunger. The Kindness of Strangers'. Bloomsbury, 2013)
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