LOYD, Samuel Jones (1796-1883), of 22 New Norfolk Street, Park Lane, Mdx.

Published in The History of Parliament: the House of Commons 1820-1832, ed. D.R. Fisher, 2009
Available from Cambridge University Press

Constituency

Dates

20 May 1819 - 1826

Family and Education

b. 25 Sept. 1796, o.s. of Lewis Loyd, banker, of 43 Lothbury, London and 1st w. Sarah, da. of John Jones, banker, of Manchester. educ. Kentish Town 1804; Chiswick (Rev. Thomas Horne) 1809; Eton 1809-13; Trinity Coll. Camb. 1814. m. 10 Aug. 1829, Harriet, da. of Ichabod Wright, banker, of Mapperley Hall, Notts., 1s. d.v.p. 1da. cr. Bar. Overstone 5 Mar. 1850; suc. fa. 1858. d. 17 Nov. 1883.

Offices Held

Sheriff, Warws. 1838-9.

Biography

Loyd was returned unopposed for Hythe in 1820, having established himself there on the ‘independent’ interest ten months earlier with the aid of the wealth provided by his family’s flourishing banking business. He made no mark in the House, where he was a very infrequent attender, and neither side could rely on his consistent support.1 He voted with opposition to establish parliamentary control over the droits of the crown, 5 May 1820, and against the exclusion of Queen Caroline’s name from the liturgy, 26 Jan. 1821, but sided with the Liverpool government in defence of their general conduct towards her, 6 Feb. 1821. He voted for Catholic relief, 28 Feb. He was in the ministerial majority against cuts in expenditure, 6 Mar., but voted to reduce the army by 10,000 men, 14 Mar. 1821. On 17 May 1821 Loyd was granted six weeks’ leave of absence, and a month later he embarked on a foreign tour which took him to France, Switzerland and Italy. From Berne he wrote to his mother, 31 July:

Moralists and philosophers may argue as much as they like about the nature of happiness and the mode of obtaining it; but I know from experience that my path to happiness lies up the side of a mountain and that true felicity is always to be found at the summit.

More soberly, he reported to his father from Florence, 18 Oct. 1821:

The Tuscans are perhaps at present in the enjoyment of the best possible government, an absolute monarchy administered by a mild and humane prince, who is really anxious to increase the happiness and prosperity of his subjects, and he is amply repaid by their devoted attachment.

Soon afterwards, news of his mother’s illness (she had in fact died on 1 Oct. 1821) brought him prematurely home.2

Loyd resumed his desultory parliamentary career, voting with ministers against more extensive tax cuts, 11 Feb., abolition of one of the joint-postmasterships, 13 Mar. 1822, and the repeal of the Foreign Enlistment Act, 16 Apr. 1823, but against them in favour of inquiry into the prosecution of the Dublin Orange rioters, 22 Apr. 1823. He voted to end flogging in the army, 15 Mar., and he may have been the ‘J.J. Lloyd’ who was listed in the majority against Brougham’s condemnation of the conviction of the Methodist missionary John Smith for exciting insurrection among the slaves in Demerara, 11 June 1824. (Eight years later he was publicly accused, on the strength of this evidence, of favouring slavery, but he strongly denied the charge.)3 His only recorded votes in 1825 were for Catholic relief, 1 Mar., 10 May. The following year he was listed in minorities for taking securities for notes of issue, 27 Feb., against giving the president of the board of trade a ministerial salary, 10 Apr. (as ‘S.G. Lloyd’), and (once more as ‘J.J. Lloyd’) for relaxation of the corn laws, 18 Apr. His friend William Prescott later wrote that ‘notwithstanding his facility of expression’ in private, Loyd ‘was always averse to public speaking’;4 he is not known to have uttered a syllable in debate. He retired at the dissolution of 1826, possibly under pressure from his father, who seems to have regarded politics as a distraction from the essential business of increasing the family fortune.5

This Loyd, who became active in the firm in the early 1820s, helped him to do with outstanding success. In 1842, John Cam Hobhouse* visited the London bank and found ‘these masters of millions ... in their little back room as hard at work as if they had their bread to gain by it’.6 Two years later Loyd took over as head of the bank, which he sold in 1864. The family acquired several landed estates, notably Overstone in