Samuel Gurney was an English banker and philanthropist from the Gurney family of Norwich. He should not be confused with his second son, Samuel (1816–1882), also described as banker and philanthropist, and a Member of Parliament.aughter of Daniel Bell (1728–1750), a London merchant from Stamford Hill. The family's Gurney's Bank was founded in 1770. his siblings were Joseph John Gurney, Daniel Gurney (1791–1880), Elizabeth Fry, Louisa Hoare (1784–1836),[6] the wife of Samuel Hoare, and Hannah Buxton, the wife of Sir Thomas Buxton. At the age of 14, Gurney was placed in the counting-house of his brother-in-law, Joseph Fry (1777–1861), a tea merchant and banker, at St Mildred's Court, Poultry, in the City of London.me to Gurney from his father-in-law, as well as that bequeathed to him by his father, helped him to rapid progress as a partner in Richardson and Overend, with which he had become connected in 1807. The business had been founded in 1800 by Thomas Richardson, clerk to a London bill discounter, and John Overend, chief clerk in the bank of Smith, Payne & Company in Nottingham, with the Gurneys supplying the capital. At that time bill discounting was carried on sporadically by ordinary merchants in addition to their regular business, but Richardson considered that there was room for a London house that would itself entirely to trading in bills. This novel idea proved an instant success. On his father's death in 1809, Samuel Gurney assumed the control of the Norwich bank. At the same time he took control of Richardson and Overend, whose name was subsequently changed to Overend, Gurney and Company.r about forty years the largest discounting house in the world. At first only discounting bills, it soon came to lending money on all sorts of securities. In the panic of 1825, the firm was able to lend money to many houses to tide them over their difficulties; this brought them into even greater favour. Gurney became known as "the bankers' banker", and many firms which had previously dealt with the Bank of England now began depositing their surplus cash in its hands. At the time of Gurney's death in 1856, it was calculated that the house held deposits amounting to £8 million sterling. (However, the bank collapsed in 1866, owing millions.)usticea man who had forged his name, knowing well that death was the punishment for such an offence.ting which is now in the National Portrait Gallery in London.[1] He is in the foreground of the painting on the left.e chairman of the convention. Richard Peek took the chair of the convention when Gurney had to leave.n Henry Dundas Trotter, Commander William Allen, and a large number of the officers of the expedition at a farewell dinner at Upton., kept up a correspondence with President Roberts, and for his many gifts was rewarded by his name being given to a town of Gallenas in 1851.ociety in 1843, and held that post till his decease.In 1853 he accompanied a deputation sent to Napoleon III to express a desire for a long continuance of peace and amity between England and France.or Accidents, the first casualty hospital for dockworkers, was opened in 1855.h, Stratford.f 1856, he hurried homewards, desiring to end his days in his own country among his kindred. He reached Paris, but could go no further, and died in an hotel in that city on 5 June 1856. ied in the Friends' cemetery at Barking on 19 June, when an immense concourse of people attended the funeral. He left nine children and upwards of forty grandchildren, but his eldest son, John Gurney (1809–1856) of Earlham Hall, did not long survive, dying 23 September 1856. Gurney was the author of a pamphlet To the Electors of South Essex 1852, in which he recommended the election of his son-in-law Sir Edward North Buxton.roadway in Stratford. It bears the inscription (a paraphrase from the Book of Job, Chapter 29 verse 11) IN REMEMBRANCE OF SAMUEL GURNEY / WHO DIED THE 5TH OF JUNE 1856 / ERECTED BY HIS FELLOW PARISHIONERS AND FRIENDS / 1861 / "When the ear heard him then it blessed him"nfluence, after passing into less competent hands, was reorganised as a joint-stock company in August 1865, and failed on 10 May 1866, when the liabilities amounted to £11 million, ruining some of the Gurneys as well as numerous investors. However, Gurney's Bank and most of the Gurney family escaped any loss.pton, Essex, a handsome residence that descended in 1812 to the young couple, and was their abode for nearly the whole of their married life. They had three sons and six daughters. was the second of the three sons of the marriage. The second daughter Catherine married Sir Edward Buxton, 2nd Baronet. Their daughter Elizabeth married Ernest Christian Ludwig de Bunsen. Priscilla married William Henry Leatham.
Samuel Gurney |
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