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Sir Robert Clayton and the Origins of English Deposit Banking 1658-1685 (Paperback, Revised)
Loot Price: R982
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Sir Robert Clayton and the Origins of English Deposit Banking 1658-1685 (Paperback, Revised)
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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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