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Overstone, Samuel Jones Loyd

OVERSTONE, SAMUEL JONES LOYD, isT Baron (1796- 1883), English banker, the only son of the Rev. Lewis Loyd, a Welsh dissenting minister, was born on the 25th of September 1 796. He was educated at Eton and Trinity College, Cambridge. His father, who had married a daughter of John Jones, a banker of Manchester, had given up the ministry to take a partnership in his father-in-law 's bank, and had afterwards founded the London branch of Jones, Loyd & Co., afterwards incorporated in the London and Westminster Bank. Loyd, who had joined his father in the banking business, succeeded to it on the latter's retirement in 1844. He conducted the business so successfully that on his death he left personal property of over £2,000,000. He sat in parliament as hberal member for Hythe from 18 19 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. He was created Baron Overstone in 1850. He died in London on the 17th of November 1883, leaving one daughter, who married Robert James Loyd-Lindsay, afterwards Lord Wantage.

Note - this article incorporates content from Encyclopaedia Britannica, Eleventh Edition, (1910-1911)

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