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Gurney's bank was a well-respected family-run bank headquartered in Norwich, England. History Roman The Romans had their regional capital at Venta Icenorum on the river to the south which is near modern-day Caistor St Edmund It merged into Barclays Bank in 1896. Barclays PLC is a major global financial services provider operating in Europe, North America, the Middle East, Latin America, Australia

Contents

History

The bank was founded in 1770 by John and Henry Gurney, sons of John Gurney (1688 – 1741), who passed the business to Henry's son, Bartlett Gurney, in 1777. [1] The Gurneys were descendants of Hugh de Gournay, Lord of Gournay, one of the Norman noblemen who accompanied William the Conqueror to England. The Normans were the people who gave their names to Normandy, a region in northern France. William I of England ( 1027 His reign which brought Norman culture to England had an enormous impact on the subsequent course of England in the Middle Ages Large grants of land were made to Hugh de Gournay in Norfolk and Suffolk, and Norwich has since that time been the headquarters of the family. Norfolk (ˈnɔrfək is a low-lying county in East Anglia, England, United Kingdom. Suffolk (ˈsʌfək is a non-metropolitan county of historic origin in East Anglia, England. [2] The bank was founded in what is now known as Bank Plain (formally Redwell Street). The Quaker Gurneys were renowned for their honesty, reliability, and fair dealings — so people entrusted them their money for safe keeping. About 1777, Alderman Poole, a wine merchant, sold Bartlett Gurney premises near to the red well, and Gurney installed safes for bullion. An alderman is a member of a municipal assembly or council in many jurisdictions A junior clerk slept on the trapdoor to the vaults to safeguard the valuables. The bank issued its own notes. A bull mastiff (complete with brass collar) stood on guard inside the doors at the Bank Plain premises, and there was always a blunderbuss at the ready. The blunderbuss is a muzzle-loading Firearm with a short large Caliber barrel, which is flared at the muzzle, and used with

Bartlett Gurney died in 1802, without a male heir, in the city of Norwich, England. A city is an Urban area with a large Population and a particular Administrative, Legal, or Historical status History Roman The Romans had their regional capital at Venta Icenorum on the river to the south which is near modern-day Caistor St Edmund England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland He was succeeded in control of the bank by his cousins, including John Gurney (1750-1809). John Gurney's children included the reformers Joseph John Gurney and Elizabeth Fry and the banker, Samuel Gurney. Joseph John Gurney ( 2 August 1788 - 4 January 1847) was a banker in Norwich, England and an evangelical Minister of Elizabeth Fry (née Gurney 21 May 1780 &ndash 12 October 1845 was an English Prison reformer Social reformer and as a Quaker, a Christian Samuel Gurney (1786–1856 was an English Banker and Philanthropist. Another daughter, Hannah, married Sir Thomas Fowell Buxton. Sir Thomas Fowell Buxton 1st Baronet ( 7 April 1786 &ndash 19 February 1845) was an English Member of Parliament, The Gurney family was known for its wealth: In Gilbert and Sullivan's 1875 comic opera Trial by Jury, a character describes his accumulation of wealth until at length I became as rich as the Gurneys. Gilbert and Sullivan refers to the Victorian era partnership of Librettist W Year 1875 ( MDCCCLXXV) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar (or a Common Comic opera, or light opera, denotes a sung dramatic work of a light or comic nature usually with a happy ending This article is about the comic opera For the legal institution see Jury trial. [3]

On his father's death in 1809, Samuel Gurney assumed the control of the Norwich bank. About the same time, he also took over the control of the London billbroking business of Richardson, Overend & Company, in which he was already a partner. The title of the firm was subsequently changed to Overend, Gurney and Company, and for forty years it was the greatest discounting house in the world. Overend Gurney & Company was a London wholesale discount Bank, known as "the bankers' bank" which collapsed in 1866 owing about 11 Samuel Gurney died in 1856. [2] In 1865, the business of Overend, Gurney & Company, which had come under less competent control, was converted into a joint stock company, but in 1866 the firm suspended payment with liabilities amounting to eleven millions sterling. The failure of that bank ruined a number of the Gurneys, as well as numerous investors. The Norwich bank, however, escaped significant damage to its business and reputation from the collapse of the cousins' business. [4] The Times stated, shortly after the suspension: "It is understood that the suspension of Overend, Gurney & Co will not in the slightest degree compromise Gurney's Bank of Norwich. That establishment recently passed into the hands of new partners, whose resources are beyond all question". [5]

In 1896, Gurney's Bank merged in 1896 with Backhouse's Bank of Darlington and Barclays Bank of London and several other provincial banks, controlled by Quaker families, to form what is now Barclays Bank. Backhouse's Bank of Darlington (James & Jonathan Backhouse and Co Barclays PLC is a major global financial services provider operating in Europe, North America, the Middle East, Latin America, Australia

Many members of the Gurney family are buried in the Gildencroft Quaker Cemetery, Norwich. The Gildencroft Quaker Cemetery is an historic cemetery in Chatham Street Norwich, Norfolk where many of the city's quakers were buried including the writer

See also

Notes

  1. ^ Gregg, H. F. "Gurney, John", Oxford Dictionary of National Biography, Oxford University Press, 2004, accessed 23 Jan 2008
  2. ^ a b Article on the Gurneys, accessed 25 Oct 2007
  3. ^ Elliott, Geoffrey (2006). Barclays PLC is a major global financial services provider operating in Europe, North America, the Middle East, Latin America, Australia Joseph John Gurney ( 2 August 1788 - 4 January 1847) was a banker in Norwich, England and an evangelical Minister of The Mystery of Overend & Gurney: A Financial Scandal in Victorian London. London: Methuen, 235. ISBN 0-413-77573-9.  
  4. ^ Ackrill, Margaret and Leslie Hannah. Barclays: The Business of Banking, 1690-1996 (2001) Cambridge University Press, Chapter 1 ISBN 0521790352
  5. ^ The Times, May 11, 1866; p. 11, col F, “Money-Market & City Intelligence” Section

References

External links

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