Abstract
Samuel Loyd (the single ‘1’ seems to have been a device adopted by his father to shake off Welsh relatives), Lord Overstone, was born on 25 September 1796, the son of Lewis Loyd, a Unitarian minister turned banker, and Sarah Loyd (née Jones), the daughter of a Manchester banker. Lewis Loyd’s drive and ability transformed an obscure provincial bank into a major concern. An MP from 1819 to 1826, Overstone only began to devote himself seriously to banking after the death of his mother in 1821. Though perhaps lacking his father’s flair, he was a shrewd and successful banker, influential with his contemporaries. He retired from business only in 1850, on his elevation to the peerage by Lord John Russell.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Bibliography
O’Brien, D.P., ed. 1971. The correspondence of Lord Overstone, 3 vols. Cambridge: Cambridge University Press.
O’Brien, D.P. 1975. The classical economists, ch. 6. Oxford: Clarendon Press.
Wood, E. 1939. English theories of central banking control, 1819–1858. Cambridge, MA: Harvard University Press.
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O’Brien, D. (2008). Overstone, Lord [Samuel Jones Loyd] (1796–1883). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1531-2
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1531-2
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Overstone, Lord [Samuel Jones Loyd] (1796–1883)- Published:
- 15 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_1531-2
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Overstone, Lord [Samuel Jones Loyd] (1796–1883)- Published:
- 19 October 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_1531-1