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.
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English banking in historical perspective
The master scrivener and his apprentices 161058
The scriveners bank
The records of early banking
Law practice and profits of the early banking mortgage
The new land assessment from the terrier to the estate particular
The management of mortgaged estates
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acres Anthony Keck apprentices arrears assessment bailiffs bank's bankers became borrower broker brokerage Bulwick capital cash-keeping cashiers Chancery Clayton and Morris Clayton papers clerks clients collected Company conveyances Cornhill court Cratford Daniel Sharpe debtor debts deeds Duke of Buckingham duke's Edward Backwell estate particular Fairfax farming fees goldsmith-bankers goldsmiths Henry History ibid indentures interest investment John Morris Keck land lawyers leases ledgers Leicestershire lender lending letter Lincolnshire loan Lombard St London Lord Manley manor ment merchants Monck money on deposit money-scriveners moneylending Monteage negotiations Norfolk Northants paid penal bond period Peter Clayton private banking receipt received Record Office registered rent roll rent-collector repaid Richard Robert Abbott Robert Clayton role royalist scrivener's scriveners Sealed Knot sent Sir Robert survey survive tenants Thomas Clayton Thomas Leman transaction trustees usury valuation William Clayton wrote
Page 5 - Sunderland to carry her thither on a solemn day, that she might see the pomp and ceremony of this Prince of Citizens, there never having been any, who, for the stateliness of his palace, prodigious feasting, and magnificence, exceeded him.
Page 2 - Knt. in the year MDCLXXX. Lord Mayor, and at his death Alderman and Father of the City of London, and near XXX years was one of its Representatives in Parliament. By the justest methods and skill in business he acquired an ample fortune, which he applied to the noblest purposes, and more than once ventured It all for his country. He fixed the seat of his family at Marden, where he hath left a remarkable instance of the politeness of his genius, and how far Nature may be improved by Art.