Sebanyak 1 item atau buku ditemukan

Sir Robert Clayton and the Origins of English Deposit Banking 1658-1685

Based upon the most extensive early banking archive known to survive, this book is the first major study of Stuart banking since R. D. Richards's The Early History of Banking in England (1928). It traces the origins and growth of banking from the late sixteenth century to the 1720s through two generations of a scriveners' bank established in 1638 by Robert Abbott, and perpetuated by his nephew, Robert Clayton, and John Morris. With deposits from landowners' rents and stock sales these bankers practised as moneylenders and money-brokers for another sector of the gentry needing capital to offset the effects of the Great Rebellion and an agricultural depression. After 1660 Clayton and Morris integrated mortgage security into banking practice. This study examines the elaborate stages of land assessment and legal change which enabled bankers to offer large-scale, long-term securities to their clients, a pattern followed later by other banks such as Childs, Hoares, Martins and Coutts.

During the 1680s certain changes occurred in the Old Jewry organization
suggesting that the bank was never the same again. The first blow was Morris's
death in 1682, when Clayton lost his partner and closest friend. In his will Morris
provided for his nieces and nephews and made smaller bequests to his servants.
All his remaining capital and interest in his investments made with Clayton went
to his surviving partner. 1 Morris's death by itself left little impact on the capital of
the bank, ...