Showing posts with label Financial Networks. Show all posts
Showing posts with label Financial Networks. Show all posts

Saturday, September 6, 2025

Barclays Bank History Series V

A Genealogical Study of the Families Who Created the Bank 

 

PART V--EAST INDIA COMPANY CONNECTION

Merger by Marriage

 
Sir Josiah Child, chairman of the East India Company (EIC), or perhaps his brother James Child, lived at Streatham House, not far from the Anchor Brewery in Southwark mentioned in previous segments of this history. The brewery was operated by James Child, possibly on behalf of his brother Josiah--employer of  John Howland at the EIC, who married Child's daughter, Elizabeth Child in 1681.
 
Howland had grown up in nearby Tooting Bec, where his ancestors had lived for generations, but after his marriage, he and Elizabeth moved to Streatham and proceeded to have a family. They named their first daughter Elizabeth Howland, and she and her siblings lived at Streatham with their mother, Elizabeth Child Howland, while their father was off with Sir Josiah Child, their grandfather, on important trade business in foreign ports. 
 
Teenage bride and groom
When Elizabeth Howland, was still a child, in May 1695--possibly younger but no older than fourteen--she was married at Streatham to fourteen-year-old Wriothesley Russell. The marriage was contracted by the Russell family who had a long history of political involvement. For example, his grandfather was William Russell, 1st Duke of Bedford (1616 -1700), who had been a Member of the House of Commons for Tavistock in 1640, moving to the House of Lords a year later as 5th Earl of Bedford. 
 
In the wars then raging between King Charles I and Parliament, he tried to take both the royalist and the Parliamentary sides, and as a result was distrusted by both factions. At the same time, he watched his own son, also Sir William Russell, be executed for treason against the Catholic King Charles II in 1683. 
 
The Act of Settlement in 1688 brought William of Orange and Mary to the throne as joint Protestant monarchs, and once King Charles II died, the Russell (Bedford) crimes against the Catholic King were pardoned by King William III, who reversed the attainder (March 1689), appointing a House of Commons committee to find out the advisers and promoters of his "murder".  
 
William's father, who "had been named as a petitioner with Lady Russell in the act of reversal, was created a duke, the preamble to the patent describing him as father to Russell, 'the ornament of his age'." 
 

As Shakespeare said, "All's well that end's well."

 
Coronation of William and Mary
The father of the beheaded and now pardoned "traitor" carried the sceptre at the coronation of William and Mary, and was made a member of the Privy Council and given many important offices in Cambridgeshire, Bedfordshire, and Middlesex counties between 1689 and 1700. By allowing his son to be sacrificed, he was vastly rewarded with landed titles to which his grandson, the teenage bridegroom was named successor.
 
John Howland, father of the pre-pubescent bride,  had been amply rewarded as well. Howland received  a tract of land from his employer and father-in-law, Sir Josiah Child. The land located in lower Rotherhithe, about three miles east of Southwark, where the Barclay & Perkins Brewery made ale, was to be the site for the Howland Great Wet Dock--capable of accommodating around 120 ships for use by the East India Company. 
 
Josiah Child, EIC chairman
Sir Josiah Child did not live to see the comple-tion of the docks, which were not fully operational until after 1700. The docks were to be held in the names of the Howlands, their teenage daughter and her husband, Wriothesley Russell, and were financed and built by John Wells and his brother, Richard Wells, from a very successful Rotherhithe shipbuilding family in Surrey, who also owned the Surrey Docks Farm, which had previously built several ships for Sir Josiah Child as head of the East India Company.
The Howland ancestry
 
At the time the entailment deed was drawn, it was not known that Wriothesley Russell would die in 1711 at a young age, having lost his first two infant sons by 1707. Since his eldest child was a girl, named Rachel, for her mother Rachel Wriothesley, all the titles passed in 1711 to the next male heir. 
 
Nevertheless, out of interest, we note the the ancestry of Lady Rachel Russell can be traced back for centuries. The Wriothesleys first received the title as the Earl of Southampton from King Henry VIII--too far back in truth to be relevant to any study of Barclays Bank. But it's still a fascinating fact.
 
What is more interesting, however, is how the East India Company's chairman Child and his successors plotted to gain some political advantage in 1795, simply by what I've labeled a "merger by marriage".
 

 
Click to enlarge.
 

Editors, Finn, Margot C. Finn and Kate Smith, of a book published in 2018, The East India Company at home, 1757-1857, were interested in the interiors of the homes built during this era, and offered an observation of how Chinese designs were prolific at that time.

The Dukes of Bedford used their position as owners of East Indiamen [ships] hired to the Company, and as investors to gain privileged access to these Asian goods. The marriage of the 1st Duke of Bedford’s grandson Wriothsey Russell, Lord Tavistock (1680–1711) to Elizabeth Howland (1682– 1724) in 1695 brought a spectacularly large dowry of near £100,000 (roughly equivalent to £9 million today) into the family whose estates included Thames-side property at Rotherhithe. The marriage also connected the Russells with the Childs of Wanstead House, as Elizabeth was the granddaughter of Sir Josiah Child (1630– 99) whose advocacy of the EIC’s monopoly led directly to his appointment as a Director in 1677, rising to Deputy- Governor and Governor of the Company in 1681.

At Rotherhithe the 1st Duke of Bedford (1613–1700) built the first docks, whose rental brought in a useful income, first from the Greenland, and then the South Sea Companies. At these docks he built the Streatham which was presented by his grandson to the EIC. The Bedford, Tavistock, Russell and Howland followed, all commissioned before 1700, to which were added the Tonqueen, and later the Houghton and Denham.63
The Bedfords invested between one- sixteenth to one- eighth part in the voyages these vessels took, and thereby had considerable holdings in the East India Company.  [Source: The East India Company at Home, 1757– 1857, Edited by Margot Finn and Kate Smith (London: UCL Press, 2018).
 
Clearly, some deal had been made in 1795 by the parents who seemed so desperate to unite two families by marrying off their children. The plot could only have been designed by Sir Josiah Child, who had no sons. He had earlier married off his daughter to John Howland (a lower officer in the East India Company) and had no qualms about using her daughter, Elizabeth Howland in a marriage ritual to connect his family to the powerful Russell family, long close to royalty. 

William Russell, grandfather of bridegroom
The excerpt to the left [Source: Dictionary of National Biography, Volumes 1–22 (London, England: Oxford University Press, 1921–1922)], citing the historian Macaulay, indicates that William Russell, grandfather of the bridegroom, accepted his new title "somewhat reluctantly." 
 
Does that suggest he was embarrassed to have been involved in the plot? 
Wm. Russell, 1st Duke Bedford

William, the 1st Duke of Bedford, seems to me to have been both pompous and ambitious. The best description would be to call him a chameleon. He was wishy washy, taking turns siding first with one king, then against the next. Nobody knew where he really stood, unlike his son, who maintained his backbone as he literally lost his head.

Hatching the Bribe  

Wanstead
The East India Company apparently first began trading with China in 1699, but did not start selling opium to Chinese merchants until the 1770s. Before that time the Company reaped a significant fortune by virtue of the monopoly granted to it by those in power, and Sir Josiah Child wanted to maintain that connection free of competition. He had acquired enough resources through the trade to acquire an estate in Wanstead, according to Hannah Armstrong, who adds:

When Child purchased Wanstead in 1673, he owned only 2 per cent of [EIC] company stocks. Therefore contrary to common consensus, Child’s acquisition was not financed by East India Company wealth, but by other means such as his role as a founding member of the Royal African Company in 1671, as treasurer to the Navy in Portsmouth, and through the ownership of a sugar plantation in Jamaica and a brewery in Southwark, London.

 But things began quickly changing shortly after he bought Wanstead. Armstrong writes:

East Indianman clipper
Child’s shares in the East India Company equated to £12,000, and by 1679 this had increased to £23,000, making Child the largest stock holder in the Company. Further success came about in 1681 when Child was elected as Governor of the East India Company. In 1684 he served as Deputy Governor, until 1686 when he was once again Governor for another two years. He returned to his position as Deputy Governor again in 1688 until 1690. 

We are told that Sir Josiah Child was not above making bribes to get what he wanted. Armstrong in the same essay just cited tells us:

New East India Co. charter 1698
The London Society Magazine stated that ‘by his great annual presents Child could command both at Court and at Westminster Hall, what he pleased’. In order to secure a royal charter for the East India Company, Child reportedly bribed King Charles II on the 12 October 1681 with 10,000 guineas, an annual bribe until the revolution in 1688. James II also bowed to Child’s domineering nature and renewed the 1682 Royal Charter for the East India Company when given East India shares worth £10,000 in 1687. The 1867 study Citizens of London from 1060-1867, estimated that in 1693, £100,000 were spent in bribery to obtain the new charter for the East India Company.


[Sources: (1) The Merchant Princes of England, London Society, an illustrated Magazine of light and amusing literature for the hours of relaxation (March 1865), Vol 39, p. 264.  (2) Richard Grassby, ‘Child, Sir Josiah, first baronet’, Oxford Dictionary of National Biography Online, www.oxforddnb.com, Accessed: 08/03/2013. and (3) Benjamin Brogden-Orridge, Some Account of the Citizens of London and their Rulers, from 1060-1867 (London:William Tegg,1867), p.174.]

That brings us up to the coronation of William and Mary, when the new king was looking for a way to finance his next war and plot among Howland, Russell, Child and perhaps the King that led to the wedding of the teenage grandchildren and the titles William Russell "somewhat reluctantly" agreed to accept. 

Russell fretted only a short time, then died in 1699. The titles quickly passed down the lineal chain to his grandson, who enjoyed them only until his untimely death at Streatham in 1711, followed within a few years by his wife Elizabeth Howland Russell in 1724. 

East India Co. trade routes in 1800

By this time the Howland Wet Docks at Rotherhithe were busy building numerous East Indiamen owned by the Russell family, who in turn leased them to the EIC, and shared in the rich treasures the ships brought from China and other parts of the world. As for the Child family, they did not last long. The sons dissipated the fortune and never gained any admiration from the peerage. His son Richard Child, "completed the family’s journey from its mercantile origins by purchasing his ennoblement via George I’s mistress the Duchess of Munster (afterwards Kendal). However, he had to wait until 1718 before he was formally gazetted as 'Viscount of Castlemaine in the County of Kerry and Baron of Newtown in the County of Donegal'," thus acquiring a rise in station that caused grumbling on the ground that it “was making a man that’s no gentleman a lord.”

The other descendants of Wriothesley Russell felt themselves, after their parents' deaths, too wealthy to live at Streatham and were happy to rid themselves of it, using Dr. Samuel Johnson as their agent in selling the house and brewery to Hester Thrale. According to Audrey Nona Gamble's History of the Bevan Family, :

Although Silvanus was a Banker by profession, he was also a sleeping partner in Barclay, Perkins’ Brewery at Southwark. This business, formerly Thrale’s Brewery, was sold in 1781, on the death of Henry Thrale, by his executors. The purchasers were nominally Robert Barclay (cousin of Silvanus) and John Perkins, Thrale’s former manager, who had married Amelia, Timothy Paul Bevan’s young widow. 

For the sake of clarity, we set out here the names and statistical information--births, marriages and deaths--of the Russell children who survived. They will also become important subsequently.  

Children of Wriothesley Russell and Elizabeth Howland: 

     
  • Rachel Russell, born 1700, married Scroop Thomas Egerton, 1st Duke of Bridgewater, in 1722. A widower, Egerton's first wife had been Elizabeth Churchill, born in 1687 to Queen Anne's best friend, Sarah Jennings Churchill as her third child. Her first child born in 1681 had been Henrietta, who married at age 17 the son of Lord Sidney Godolphin (2nd Earl of Godolphin) on 23 April 1698.
  • There followed two sons given the name of their grandfather William, but both died as infants.
  • Dictionary of National Biography
    The fourth child, a son named Wriothesley Russell II, born in 1708, lived to become the 3rd Duke of Bedford after his father died in 1711. In April 1725 WRII married his older sister Rachel's stepdaughter--Lady Anne Egerton, daughter of Scroop Egerton and Elizabeth Churchill. A year and one month into this marriage--October 1732--the 3rd Duke died His widow remarried a few months later in June 1733 to become the Countess of Jersey, her new husband being William Villiers, the 3rd Earl of Jersey.
  •  John Russell, born in 1710 (who had married Diana Spencer in the fall of 1731) upon the death of his brother in October 1732. His wife Diana gave birth to child who quickly died, and then Diana too died in 1735. In the meantime, the Bedford, Tavistock and Howland titles passed to him, and two years later he remarried. His second wife was  Gertrude Harriet Mary Leveson-Gower, whom we will explore possibly in the next segment of this series.

 

The Bank of England Chartered in July 1794 

We have not forgotten that the title of our series is about the History of Barclays Bank. We promise there's a method to all this apparent madness about kings, queens and empire. We also have not overlooked the historical timeline. 
 
Goldsmith banks on Lombard Street
Possibly the most important date in British history occurred at this same time, only a few months before the young teenagers' grandparents had a big wedding celebration in Streatham. Less than a year earlier, in late July, the King granted a charter to William Paterson, founder of the Bank of England (joint-stock corporation) as the Government's bank. 
 
According to James Edwin Thorold Rogers' book (First Nine Years of the Bank of England), first published in 1887 but still in print today, the bank followed the principles previously established by goldsmith bankers, who stored gold and silver to bank notes they issued as currency. The book is unusual for the fact that the author admits he did not have all the answers to some of the questions that arose during his research into what occurred during that time that would explain the bank's ultimate success. He simply did not understand where all the money came from.
 
He does conclude, however, the following: 
For in point of fact, the history of the Bank of England during its first years is in no slight degree the history of the settlement of 1689, and of the new departure which that great event makes in the politics of the civilised world.
Wanstead location near Hackney

In 1887 Daniel Defoe published his first work called “Essay on Projects,”based on events that occurred around 1694, when he lived at Tooting Bec (located near Streatham), when "the Government received with favour a project of his, which is not included in the Essay, 'for raising money to supply the occasions of the war then newly begun.'”  The timing and location lead me to believe he was part of the plot to explain where the gold for establishing the Bank of England came from. 

One hint contained in that essay indicating the plot is as follows:

These are the men this commission would discover; and here they should find men taxed at £500 stock who are worth £20,000.  Here they should find a certain rich man near Hackney rated to-day in the tax-book at £1,000 stock, and to-morrow offering £27,000 for an estate. Here they should find Sir J— C— perhaps taxed to the king at £5,000 stock, perhaps not so much, whose cash no man can guess at; and multitudes of instances I could give by name without wrong to the gentlemen.

Project to salvage gold
Defoe also made a reference to Sir William Phips, who "brought home a Cargo of Silver of near 200000 [pound sterling], in Pieces of Eight, fish'd up our of the open Sea remote from any shore, from an old Spanish Ship which had been sunk above Forty Years ," and about William Paterson who had invested in the expedition to salvage the ship. Other investors in the salvage enterprise included Christopher Monck, husband of Lady Elizabeth Cavendish, daughter of Henry Cavendish. 

Martin Parker, in a simplified modern-day story  titled "How stolen treasure kick-started the Bank of England," about William Phips' diving expedition," explained:

"The money was to be lent at 8% interest and the subscribers would be incorporated in order to manage 'the perpetual fund of interest' which would be produced. The interest would be paid out of levies on ships’ tonnage and wine and beer....The sunken galleon enabled the creation, in 1694, of the Bank of England as a private corporation to act as the government’s banker and owner of the state’s debt. It wasn’t until 1946 that the bank was finally nationalised and the heirs of the original investors were then paid off – though many were difficult to track down."

Could it all have been a ruse to launder opium proceeds from the East India Company? 


Thursday, August 21, 2025

Barclays Bank History Series IV

A Genealogical Study of the Families Who Created the Bank 

 

PART IV -- THE BEVANS

Barclays Bank Transitions 

 

In 1865, ten years after Charles Barclay died, Barclay, Bevan, Tritton and Co. merged with Spooner, Attwood, and Twells, taking on the new name of Barclay, Bevan, Tritton, Twells, and Co. Partners of the firm were then:

·         Henry Tritton.

·         Joseph Gurney Barclay.

·         Joseph Tritton.

·         Francis Augustus Bevan.

·         Philip Twells.

·         Henry John Tritton.

·         Robert Barclay.

·         Joseph Herbert Tritton.

Another merger occurred a generation later, in 1888, according to the previously cited Handbook of London Bankers. The previous partners of the banking business at 54 Lombard amalgamated with Ransom Bouverie, and Co., of Pall Mall East, under the style of Barclay, Bevan, Tritton, Ransom, Bouverie, and Co., and business continued at 54 Lombard Street and at 56 Pall Mall East, the office of the newly merged partners. This newly acquired firm had a history described as follows:

Pleydell-Bouverie castle of Earl of Radnor

Ransom, Bouverie, and Co. This well-known West End banking firm was founded by Mr. Ransom, who took into partnership Sir F. B. Morland and Mr. Hammersley, under the style of Ransom, Morland, and Hammersley, who established themselves about 1786 at 57, Pall Mall. That continued to be the style of the firm until 1796, when Mr. Hammersley left them to start a new bank, which he set up at 76, Pall Mall.

From that date to 1814 the firm was known as Ransom, Morland, and Co., carrying on business at 56, Pall Mall. In 1819 Sir F. B. Morland left the firm to establish a bank of his own under the style of Morland and Co.

Debrett's Illustrated House of Commons etc.
In the following year the Directory shows that Ransom and Co. moved to No. 34, Pall and in 1823 to 1, Pall Mall East, at which house the bank is still located. At the death of Mr. Ransom, the Hon. Douglas Kinnaird (fourth son of the seventh Lord Kinnaird, by Elizabeth, daughter of Gaffin Ransom, Esq.) became head partner. He was the uncle of the late head partner, the Honourable Arthur Kinnaird ; and it was he who built the premises Nos. 1 and 2, Pall Mall East, as a banking-house.

The style of the firm was Ransom and Co. until Messrs. Bouverie, Murdoch, Bouverie, and James, of 11, Haymarket, amalgamated with them in 1856; since which time the style of the firm has been Messrs. Ransom, Bouverie, and Co. In 1876 the firm consisted of the following partners:

The County Families of the United Kingdom
The Hon. Arthur Kinnaird, M.P. (afterwards Lord Kinnaird). James Gordon Murdoch. Philip  Pleydell Bouverie. Charles Townshend Murdoch. Arthur Fitzgerald Kinnaird. Henry Hales Pleydell Bouverie.

It was announced in the Times of June 25, 1888, that Messrs. Barclay, Bevan, Tritton, and Co. had entered into partnership with Messrs. Ransom, Bouverie, and Co., to take effect from July 2, under the style of Barclay, Bevan, Tritton, Ransom, Bouverie, and Co., and that the business would be conducted, as heretofore, in Lombard Street and Pall Mall East;
the partners being :
  • Messrs. Robert C. L. Bevan,
  • J. Gurney Barclay,
  • Francis A. Bevan,
  • Charles T. Murdoch, M.P.,
  • Robert Barclay,
  • J. Herbert Tritton,
  • Lord Kinnaird,
  • Henry H. P. Bouverie,
  • Wilfrid Arthur Bevan, and 
  • Edward H. Barclay.
Messrs. Seymour Pleydell Bouverie and Roland Yorke Bevan hold the signature of the firm. 

We can clearly see that in 1890 Barclays Bank was being run by three Barclays, three Bevans, one Tritton, from the original bank, to whom had been added, as a result of the merger, one Murdoch, one Bouverie and a Kinnaird. A lawsuit involving Bouverie which was being litigated at the time of the merger indicated, not only was his income mortgaged to the hilt, but his trustee was in the habit of lying to other potential lenders to Bouverie about the status of his trust--possibly the reason for the Barclays buyout of the Ransom Bouverie bankers.

With these changes in mind, we continue by detailing how marriages in the Bevan family changed the face of the bank.

Marriages between Barclay and Bevan 

Timothy Bevan
David Barclay and his first wife Anne Taylor, besides the two sons we mentioned in Part II, also had a daughter named Elizabeth, who married Timothy Bevan, a son of Sylvanus the Quaker apothecary.  To this marriage another Sylvanus Bevan was born. 
 
Export of drugs to America in 1758
Timothy and Sylvanus Bevan had worked with Timothy's brother-in-law, David Barclay, to put together the financing to buy the Southwark brewery. Meanwhile, the other Bevans' primary interest was in building up their pharmaceutical inventory and operating an export business for such goods.  
 
The Bevans remained silent partners in Barclay & Perkins while selling their own products abroad until Timothy's death in 1786. Thereafter, Sylvanus joined the pharmacy full time, while his brother, Joseph Gurney Bevan, worked as a partner in the bank.
 
Timothy Bevan's father-in-law David Barclay (1682-1769) had a second set of children after his marriage to Priscilla Freame, including two more sons--John and David. John Barclay married Susanna Willett and moved to Clapham, near Anchor Brewery, to help Robert with the business, which exported quite a lot of beer to American ports. 
In previous posts we indicated that the Anchor had been previously owned by a family named Child, then by one Edmund Halsey. Since publishing that, we did additional research, which indicates how the change in owners transpired:
Ralph Thrale born in 1672 was left an orphan at nine years old, and went to Offley to live with his mother, who had remarried. His uncle Edmund Halsey, who was to become proprietor of the Anchor Brewery in Southwark and M.P. for Southwark, befriended the boy. Ralph went to London and eventually succeeded Halsey as owner of the Brewery. Ralph was the father of Henry Thrale. 

At that same website, we also read:

In 1692 Halsey [Ralph Thrale's uncle] was receiving £1.00 a week - half the salary of his master [his father-in-law, James Child] and within 20 months had become a partner. There is no evidence that he purchased his partnership and, as the partnership deed was drawn up on the 6th November 1693, only ten days before his marriage to one of James Child’s daughters - Anne. It might well have been his wife’s dowry.

From the date of the partnership, Halsey ran the business efficiently, as the cash bulletin for the years 1693 to 1702 shows regular sums of up to £100 per week, large amounts in those days, were paid in excise duty; and in May, 1695, both he and Child drew £400 each in profits....

Sir Josiah Child, EIC
James Child died on 22 February 1696, at the age of 66. He was buried in St. Dunstan-in-the-East Church in London. By his will, directed that his estate be equally divided into three, one-third being left to his widow Anne Child née Minnie, and the remaining two-thirds to his daughters under the age of 21 years…His widow retained her husband’s interest in the brewhouse, Halsey paying her a weekly sum until her death in 1701.

When we match up the dates, what we learn is that Sir Josiah Child, the 1st Baronet, was born in 1630, and he was the brother of James, who owned the Anchor. Josiah at Portsmouth was appointed "victualler to the Navy," and accumulated a significant fortune which he invested in a joint stock company called The East India Company. Josiah became a director of the East India Company in 1677,  according to one website, and was
"elected governor of the East India Company in 1681, serving in that post for most of the decade. For a time he was virtually the sole decision maker for the company, directing policy as if it were his private business. He was often openly accused of using the company to aggrandize his social, economic, and political position. He received his baronetcy in 1678."

Sir Josiah Child died in 1699, leaving a son, Josiah II (c.1668-1704),  succeeding as "2nd Baronet, his father’s will left him no more than had been settled upon him at the time of his marriage in 1691. His sister Mary, who had married against their father’s wishes, was similarly treated, being left only £5. It was Josiah’s younger half-brother, Richard (1680-1750), who had been made their father’s principal heir, and it was he who came into possession of the Wanstead estate."

Josiah II was married to Elizabeth, daughter of Sir Thomas Cooke, one of his father’s East India Company associates, who also served as Member of Parliament for Wareham between 1702 and 1704. As Sir Josiah Child II had no children, Richard succeeded him as 3rd baronet. He also inherited the £4,000 per annum which had been settled upon Josiah for life, bringing his own annual income to some £10,000. 

He did not maintain his father’s active connection with the East India Company. Richard Child was a Member of Parliament and described as demonstrating “a certain political flexibility,” which enabled him to make a smooth transition between the Stuart and Hanoverian regimes. In 1715 he completed the family’s journey from its mercantile origins by purchasing his ennoblement via George I’s mistress the Duchess of Munster (afterwards Kendal). Richard Child later Tylney, 1st Earl Tylney, 1st Viscount Castlemaine and Baron Newtown of Newtown, 3rd Baronet (1680–1750) He and his sons took the name of Tylney in place of that of Child by Act of Parliament in 1734 when his wife inherited the estates of that family. We will continue researching this family alongside the bankers.

The Bevan Marriages

David Barclay Bevan
Sylvanus Bevan's first wife died in 1769, only a month or two after they were married. Four years later he married outside the Quaker community, and thereby lost his standing within it. There were no children from the Quaker marriage. All the children would be born to his second wife, Louisa Kendall. When he had assisted David and Robert Barclay in their purchase of the Thrale brewery in Southwark in 1781, Sylvanus's eldest son, David Barclay Bevan, was then a lad of seven years old. 

Sylvanus left his Quaker community after being ousted in 1773 and located to Winchmore Hill, north of London, where he and Louisa reared seven sons--including David and the youngest son, being named Richard Bevan--who eventually became partners in the bank. 

David turned 17 in 1791, and it was decided that he should be trained in the workings of the bank since his grandfather, Timothy Bevan, had died a few years earlier, leaving a gaping hole that needed to be filled. David Bevan went to work at the bank on Lombard Street, and, after six years of hard work, he met his future wife, 17-year-old Favell Bourke Lee, a recent orphan with an intriguing background. 

 

David Bevan's Marriage to Favell Bourke Lee 

Favell Bourke Lee
In 1798 David married Favell Bourke Lee, daughter of  Robert Cooper Lee and his wife, Jamaican-born Priscilla Kelly, an illegitimate daughter of Judge Denis Kelly. Lee had been Crown Solicitor-General of Jamaica and had four mixed-race children born out of wedlock there before he returned to live in England, where he married Priscilla before Favell was born in 1780. 
 
Favell's father, Robert Cooper Lee, was born in Ireland, but like many others besieged by Cromwell's anti-Catholic policies had fled to Jamaica in 1749 when he was only 13. At first he sold ribbons to support his family in Ireland, but rose to be Crown Solicitor in Jamaica, working under the Chief Justice, another Irishman, Denis Kelly. Kelly had married a former Jamaican slave, the mother of Priscilla Kelly, future wife of Robert Cooper Lee.
 
Lee left Jamaica for England and worked as a barrister in Bedford Square. There he filed a lawsuit to legitimize children born to him in Jamaica before his marriage to Priscilla. One source relates:
Robert Cooper Lee who had four mixed-race children born illegitimate in Jamaica, and was responsible as a trustee and guardian for his illegitimate mixed-race nephews, made such an application in December, 1776, in an Act “to authorize and enable Robert Cooper Lee, late of the Island of Jamaica, but now of the kingdom of Great Britain, esquire, to settle and dispose of his estates, both real and personal in this island, by deed or will as he shall think proper, notwithstanding an Act of the Governor, Council and Assembly of this island, instituted, an Act to prevent inconveniences arising from exorbitant grants and devises made by white persons and the issue of negroes and to restrain and limit such grants and devises.” [Source: Anne Powers (17 December 2011). "Blocking Legacies to Negroes and Mulattoes," A Parcel of Ribons: Eighteenth century Jamaica viewed through family stories and documents

Trent Park mansion of R.C.L. Bevan

David and Favell married in 1798 and soon had sons to help make up the next generation of the bank. Their second son was Robert Cooper Lee Bevan, named for Favell's late father, and was described as:

An excellent man of business, Robert [Cooper Lee] Bevan spent fifty years in the City, and with justifiable pride witnessed and assisted in the expansion of Barclay, Bevan, Tritton & Co. into one of the leading banking concerns in the kingdom. Little, however, did these shrewd bankers of a hundred years ago foresee the enormous proportions to which their business would attain, and great would be their surprise to-day if they could peruse the current balance sheets of Barclays Bank, Limited. In 1864 the cramped old premises at 54, Lombard Street were demolished, and a more modern building erected. [Source: Audrey Noble Gamble, A History of the Bevan Family (London: Headley Brothers, 1924] 
 
R.C.L. Bevan
Since Favell's father was a member of the Irish peerage, David Bevan's marriage took him into a whole new realm of non-Quaker acquaintances and set up his children, beginning with the eldest daughter, Louisa Priscilla Bevan, to marry into a somewhat "higher" social class. 
 
In 1825 Louisia married Augustus Henry Bosanquet of Marlebone, whose name would appear for many years as a director of the Imperial Fire Insurance Company, alongside the names of Louisa's brother, Robert Cooper Lee (R.C.L.) Bevan and a cousin, Thomas George Barclay, whose father, Charles Barclay, inherited the brewery from Robert, who had been installed there by David Barclay with help from Timothy and Sylvanus Bevan. Just in case you may have forgotten.
 
Admiral J.S. Yorke
R.C.L. set his marriage sights on Lady Agnetta Elizabeth Yorke, a daughter of the late Admiral Joseph Sydney Yorke and great granddaughter of Philip Yorke, the 1st Earl of Hardwicke. The Yorke men rose in Parliament during the period of the Hanoverian Kings and were rewarded as a result to their attachment to them.
 
According to Romney R. Sedgwick: "In 1740 he [Philip Yorke] entered the territorial aristocracy by buying the estate of Wimpole in Cambridgeshire from the 2nd Lord Oxford," and in the same year "married his eldest son to the grand-daughter and heiress of the Duke of Kent, on whose death shortly afterwards she succeeded to Wrest in Bedfordshire, becoming a Marchioness in her own right."
 
Titles were everything. With them came landed estates. 
 
Lady Agnetta Yorke's brother, Charles Philip Yorke, was Postmaster-general in Lord Derby's cabinet, and also installed as the 4th Earl of Hardwicke. The Yorkes were a powerful force within Britain's government of that time, but her father was also tied to naval duties and never quite grasped the art of political prowess. He "was drowned off a yacht struck by lightning in the Hamble, 5 May 1831." 

In 1836 Robert Cooper Lee Bevan replaced Robert Barclay as Auditor for Imperial Fire Insurance Co., and R.C.L. Bevan would continue rising in his career at the bank, eventually replacing David Barclay Bevan, his father, as chairman.
 
 
 
Timothy Bevan's descendants. Click to enlarge.

 
 Spouse Families Brought into Barclays, Bevan and Co.--Yorke and Earls of Hardwicke  

Earl of Harwicke
R.C.L. Bevan, as Robert was often known, had lived a lustful life by his own description, before being converted a generation or more after his Quaker ancestors were kicked out of the sect. He then became determined to meet Agneta Yorke, sister of the Earl of Hardwicke. He proposed to her in 1836, and, in seeking her brother's consent, Robert admitted their unbalanced social status, saying: "I am quite aware of the difference in our Stations in Society, but I have reason to hope that will not be considered by you as an insuperable objection." 

After four years of marriage, RCL and Agneta rejoiced over the birth of their son--Francis Augustus Bevan--who would be educated at Harrow before joining Barclays Bank at the age of 19. 
Robert Cooper Lee
 
Three years after he had gone to work for the bank Frank Bevan married Elizabeth Marianne Russell. Her father--Lord Charles James Fox Russell--was Sergeant at Arms of the House of Commons from 1848 until 1875. 
 
Lord C.J. Fox Russell 
Because of the photos we have seen, he appears to have been the man who carried the Black Rod in the ceremony in which the Commons are summoned to the Lords. The ceremony is thought to have begun in its present form in the year 1642 and was intended to:
...emphasise that both the House of Commons and the City of London are independent corporations, with franchises or liberties of their own, and a royal messenger engaged on formal business needs the special leave of the corporation to enter it. 
I backed up and took the research more slowly the second time. When I had added Francis Augustus "Frank" Bevan's wife to the family tree, and added in her ancestors, something had clicked. It was as though someone behind the scenes had been at work to manipulate the marriages and births for at least a hundred years or more prior to that wedding. 
 
Georgina Gordon
Frank Bevan's father-in-law, as it turned out, was the son of Sir John Russell, the 6th Duke of Bedford. It was his wife, Georgiana Elizabeth Gordon, born in Scotland in 1781, who led us back to something that rang a familiar note. Her parents were named Alexander Gordon and Jane Maxwell. It certainly It was like deja vu, all over again, to quote Yogi Berra's well-hackneyed phrase. 
 
We traced our steps back to a prior Alexander Gordon. You may recall Alexander Gordon, the 12th Earl of Sutherland, who married Jean Gordon in 1573. It was their granddaughter, Katherine Gordon, the White Rose of Scotland, who married Col. David Barclay in 1647, leading up to numerous marriages we have already explored. This new Alexander, amazingly, appeared to be a descendant of the Barclays' Scottish family explored in Part One of this series. I say "appeared to be" because some have strongly contested that claim. 
 
See video.
But then I looked more closely at the name Sir John Russell as well and discovered his ancestor, William Russell, 1st Duke of Bedford, born in 1710 at Streatham, was found guilty of treason and was beheaded in 1683, at the end of the Hanoverian era, five years before the Act of Settlement ushered in William and Mary as the new monarchs from the House of Orange. 
 
Then I noticed that Streatham also sounded familiar. 
 
What had I overlooked? Had I misunderstood the importance of the Anchor Brewery? 
 

Ownership of Streatham Manor 

 
Floundering around the search engines, I discovered the Thrales did not appear to have owned Streatham House where they lived and entertained Dr. Johnson, as we discussed in Parts II and III-A. Only a few years earlier, the Manor House at Streatham had been the venue for the marriage of 11-year-old Elizabeth Child and 14-year-old John Howland, as depicted in a portrait painted by Holland Tringham, according to the following:
Holland Tringham painting
Elizabeth Howland was a daughter of Sir Josiah Child, Chairman of the East India Company. The Howlands had been Lords of the Manor of Tooting Bec since 1599. Elizabeth married John Howland, and their daughter, also Elizabeth, was heir to her parent’s fortune and also to a considerable portion of Sir Josiah’s.

On 23rd May 1695, Elizabeth married the Marquess of Tavistock, later the 2nd Duke of Bedford, at the Manor House in Streatham. The Marquess became, by marriage, immensely wealthy, and in the same year King William III created him Baron Howland of Streatham. Both the bride and groom were just 14 years old. [According to some accounts at Ancestry.com, she was three years younger.] Their children later became the third and fourth Dukes of Bedford. The Marquess and Elizabeth both died of smallpox, he in 1711 and she in 1724.

Elizabeth had a brother named James Child, who was mentioned in a website called Thrale History, where I discovered that, in 1693 the King recommended James Child, "merchant of London, who has done faithful service in supplying the navy with beer, and has bought a brewhouse in Southwark to brew for the household and navy, for admission as a free brother of the same company, for the same fee as the late Timothy Alsop the King’s brewer paid."

King William III's reign encompassed the years 1689 until his death in 1702, and Timothy Alsop had been referred to several times in Samuel Pepys' Diary as "Brewer to the Royal Household." The Child family also popped up in the family tree I was making on the families who owned Barclays Bank--all of whom were intermarried. Only one genealogy covered all of them. 

Our interest in Anchor Brewery originally stemmed from the fact that it became the property of the Barclay family in 1780. Learning that its origins coincided with its connection to the British East India Company (BEIC) caused us to wonder whether the Barclay family's ultimate success in banking stemmed from the same connection as "victualers for the King."


King Charles II had created that position as early as "1660 and succeeded the earlier position of Clerk of the Navy" and Keeper of the King's Ports and Galleys. Sam Pepys himself held down the position until about 1690. As for the Child family:


We emphasize at this point in our research that Josiah Child's policies fell under the category called mercantilism. According to the Editors of Encyclopaedia Britannica (Updated: June 27, 2025):

Mercantilism contained many interlocking principles. Precious metals, such as gold and silver, were deemed indispensable to a nation’s wealth. If a nation did not possess mines or have access to them, precious metals should be obtained by trade. It was believed that trade balances must be “favourable,” meaning an excess of exports over imports. 

Reading that definition in 2025, I was struck with how similar the idea was to what's happening today in Trump World, thanks to Secretary of Commerce Howard Lutnick. Forcing a trading partner to buy our goods is exactly the same belief about trade that led to the Opium Wars with China. Who planted that belief in the little educated, irrational mind of Donald Trump and Howard Lutnick? We can only wonder at this point.
 
Nevertheless, I was intrigued about how Josiah Child, famous mercantilist head of the East India Company, found his way into our Barclay banking families' genealogy, so I kept digging for any sort of information I could find. I learned that Child had been the author of a treatise with a long title some 18 years before his death: 
"A treatise wherein is demonstrated, I. That the East-India trade is the most national of all foreign trades, II. That the clamors, aspersions, and objections made against the present East-India company, are sinister, selfish, or groundless, III. That since the discovery of the East-Indies, the dominion of the sea depends much upon the wane or increase of that trade, and consequently the security of the liberty, property, and protestant religion of this kingdom, IV. That the trade of the East-Indies cannot be carried on to national advantage, in any other way than by a general joynt stock, V. That the East-India trade is more profitable and necessary to the kingdom of England, than to any other kingdom or nation in Europe by Philopatris." [London: Printed by T.F. for Robert Boulter,]
 
M. Kienholz had called John Howland of Streatham the "Earl of Berkeley," before stating that William Russell (Baron Howland) married a daughter of John Massingberd, the East India Co.'s treasurer. Elizabeth Massingberd, Countess of Berkeley, was born in 1627, so that was one place to start.