Sampson Lloyd (1699-1779)
Sampson Lloyd, iron manufacturer and banker
1699 Born in Birmingham on 15 July, the second son of Sampson Lloyd (1664-1725), a Quaker ironmonger, and his second wife, Mary.
1717 Apprenticed to Thomas Sharp at a brass-wire firm in Bristol, but ill health led him to go home in 1720.
He then began to convert his father's quiet business into something much more ambitious, integrating backwards into slitting mills, forges, and ultimately furnaces.
1727 His first marriage was to Sarah Parkes (1699-1729), a local Quaker heiress; they had one son.
1731 Second marriage, to Rachel (1712-1756), daughter of Nehemiah Champion, a Bristol Quaker merchant with metallurgical interests; they had three more sons and two daughters.
1757 his daughter Mary married Osgood Hanbury, a Quaker Chesapeake merchant of London; in 1767 his other daughter, Rachel, married David Barclay, a leading Quaker merchant, banker, and brewer of London.
Lloyd's iron business prospered during the Seven Years' War, but the peace in 1763 posed a challenge, as did the need to provide careers for his four sons.
1765 The war had made many conscious of the need and opportunities for private banks in both London and the provinces so Lloyd joined with a rich Unitarian neighbour, John Taylor (c.1711-1775) to found the first real bank in Birmingham, Taylors and Lloyds; the four (equal) partners were Taylor, Taylor's son John, Sampson Lloyd, and his eldest son, also called Sampson.
1767 His daughter, Rachel, married David Barclay (1729-1809), who also went onto become a banker
1771 Lloyd's son-in-law Osgood Hanbury founded a bank in London, called Hanbury, Taylor, Lloyd, and Bowman, in which both Lloyd's son Sampson and John Taylor junior, of the Birmingham bank, were partners. This became the necessary London correspondent and support of the quite prosperous Taylors and Lloyds.
Lloyd provided his three eldest sons with partnerships in both the Lloyd iron firm and the Birmingham bank.
His fourth son, John, was placed in London where he became a partner in the Hanbury tobacco concern in 1772 and in the Hanbury bank in 1790.
19th century: Lloyd's descendants abandoned the iron business, but not the bank which grew into Lloyds Bank of today.
1779 Sampson died on 30 November in Birmingham, and was buried in the Quaker burial-ground, Bull Lane, Birmingham.
Sources of Information
- Biography of Sampson Lloyd, ODNB