Sir Robert Clayton and the Origins of English Deposit Banking 1658â"1685

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Paperback | 22 August 2002

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272 Pages

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22.86 x 15.24 x 1.55

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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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Non-Fiction Accounting & Finance Finance Banking History Regional & National History European History British & Irish History Economics Economic History Earliest Times to Present Day Early Modern History from 1450 to 1700

Introduction
English banking in historical perspective
The master scrivener and his apprentices, 1610-58
The scriveners' bank
The records of early banking
law, practice and profits of the early banking mortgage
The new land assessment: from the terrier to the estate particular
The management of mortgaged estates
The aftermath of Restoration banking
Appendices
Index
Table of Contents provided by Publisher. All Rights Reserved.

Sir Robert Clayton and the Origins of English Deposit Banking 1658â"1685

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