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John Twells
John Twells (1776–1866) was an English banker who was partner in private bank ''Spooner, Attwood & Co'' and deputy chairman of the London & Greenwich Railway. Life He was born on 27 June 1776. On his own account, he went into banking in 1801. He became a partner in the private bank Spooner, Attwood & Co. of Gracechurch Street, London, around 1816 together with Isaac Spooner. Twells was the initial deputy chairman of the London & Greenwich Railway in 1834, resigning in 1837. He gave evidence to the 1857 Parliamentary Select Committee on the working of the Bank Charter Act 1844. He approved of the Bank Restriction Act 1797. On early colonial scrip, Twells commented that "In a bad hour, the British Parliament took away from America its representative money .. Karl Marx picked up on his comment that the 1844 Act had been profitable for bankers, while disadvantaging merchants and those in business in a small way. Twells died on 10 March 1866. ''How can paper money increase the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banker
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London & Greenwich Railway
The London and Greenwich Railway (L&GR) was opened in London between 1836 and 1838. It was the first steam railway in the capital, the first to be built specifically for passengers, and the first entirely elevated railway. Origins The idea for the line came from Colonel George Thomas Landmann, until 1824 a Royal Engineer, and George Walter, and the company was floated at a meeting on 25 November 1831. It would run from close to London Bridge, convenient for journeys to the City. It would be some long, on a viaduct of 878 brick arches, some of them skew (see London Bridge-Greenwich Railway Viaduct), to avoid level crossings over the many streets which were already appearing in the south of London. Landmann planned to rent the arches out as workshops. The intention had been to descend to ground level after the Grand Surrey Canal but this was opposed by Parliament. The first Act of Parliament was obtained in 1833 for a line from Tooley Street (now London Bridge) to London Str ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gracechurch Street
Gracechurch Street is a main road in the City of London, the historic and financial centre of London, which is designated the A1213. It is home to a number of shops, restaurants, and offices and has an entrance to Leadenhall Market, a covered market dating from the 14th century. Overview At its southern end, the street begins near Christopher Wren's Monument to the Great Fire of London, at a junction with King William Street, Eastcheap and Cannon Street. Heading north, it crosses Lombard Street and Fenchurch Street, and continues forward into Bishopsgate, which marks the start of the A10 route to King's Lynn. Leadenhall Market, a covered market dating from the 14th century and a Grade II* listed structure since 1972, is the street's most famous attraction. The closest mainline railway station is Fenchurch Street and the nearest London Underground station is Monument. The postcode for the street is EC3V. History The word 'Gracechurch' derives from ''Garscherchestre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isaac Spooner
Isaac Spooner (c.1735–1816) was an English ironmaster and banker who founded Birmingham Bank. Life Spooner was born to Abraham Spooner and Anne Knight, he went into the family iron business based around a furnace at Aston, in the Birmingham area. In 1791 he founded a bank with Matthias Attwood the elder, known then as the Birmingham Bank, which became the largest private bank in Birmingham with a clientele mostly consisting of farmers and manufacturers. In 1801, Birmingham Bank opened a London branch called Spooner, Attwood & Holman. The bank Attwood, Spooner & Co. failed in 1865. Spooner's views were evangelical and abolitionist. He owned an estate of over 2000 acres at Elmdon, West Midlands, where he completed Elmdon Hall, a development begun by his father Abraham in 1795, and which stood until its demolition in 1956. Elmdon Park remains in its place. Family Spooner married Barbara Gough, daughter of Sir Henry Gough, 1st Baronet, sister of Henry Gough-Calthorpe, 1st Baro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Charter Act 1844
The Bank Charter Act 1844 (7 & 8 Vict. c. 32), sometimes referred to as the Peel Banking Act of 1844, was an Act of Parliament, Act of the Parliament of the United Kingdom, passed under the government of Robert Peel, which restricted the powers of British banks and gave exclusive note-issuing powers to the central Bank of England. It is one of the Bank of England Acts 1694 to 1892. Purpose Until the mid-nineteenth century, commercial banks in Britain and Ireland were able to issue their own banknotes, and notes issued by provincial banking companies were commonly in circulation. Under the 1844 Act, bullionism was institutionalized in Britain, creating a ratio between the gold reserves held by the Bank of England and the notes that the Bank could issue, and limited the issuance by English and Welsh banks of non-gold-backed Bank of England notes to up to £14 million. The Act also placed strict curbs on the issuance of notes by the country banks, barring any new "banks of issue" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Restriction Act 1797
The Bank Restriction Act 1797 was an Act of the Parliament of Great Britain (37 Geo. III. c. 45) which removed the requirement for the Bank of England to convert banknotes into gold. The period lasted until 1821, when convertibility was restored. The period between these two dates is known as the Restriction period. Reasons for restricting An increasing number of people were trading their banknotes for gold. Due to the overprinting of banknotes, the Bank of England was losing its supply of gold, and due to the gold standard, the value of each banknote was diminishing. The timing of the act, which had been under consideration for a few months owing to runs on banks in Newcastle-upon-Tyne, Sunderland, and Durham that had in turn requested monetary support from the Bank of England, was the invasion of Britain on 22–24 February 1797 by French forces in Fishguard. When news of this event, now known as the Battle of Fishguard, became known in London, a much greater run on the Bank of E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial Scrip
Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. John Hull was authorized by the Massachusetts legislature to make the earliest coinage of the colony (the willow, the oak, and the pine tree shilling) in 1652. Because few coins were minted in the Thirteen Colonies, which later became the United Colonies and then the United States, foreign coins like the Spanish dollar were widely circulated. Colonial governments, at times, issued paper money to facilitate economic activities. The British Parliament passed Currency Acts in 1751, 1764, and 1773 to regulate colonial paper money. During the American Revolution, the Colonies became independent states. No longer subject to monetary regulations arbitrarily imposed by the British Parliament, the States began to issue paper money to pay for military expenses. The Continental Congress also issued paper money during the Revolution — known as Con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Marx
Karl Heinrich Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary. His best-known titles are the 1848 pamphlet ''The Communist Manifesto'' and the four-volume (1867–1883). Marx's political and philosophical thought had enormous influence on subsequent intellectual, economic, and political history. His name has been used as an adjective, a noun, and a school of social theory. Born in Trier, Germany, Marx studied law and philosophy at the universities of Bonn and Berlin. He married German theatre critic and political activist Jenny von Westphalen in 1843. Due to his political publications, Marx became stateless and lived in exile with his wife and children in London for decades, where he continued to develop his thought in collaboration with German philosopher Friedrich Engels and publish his writings, researching in the British Mus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip Twells
Philip Twells (1808 – 8 May 1880) was a Conservative Party politician. Life He was the second son of John Twells and his wife Mary Line. He attended Charterhouse School, and matriculated in 1827 at Worcester College, Oxford, graduating B.A. in 1831, M.A. in 1833. He was a banker, and was called to the bar at Lincoln's Inn in 1834. The family bank, set up by Matthias Attwood, traded as Spooner, Attwoods and Co. of Lombard Street. In 1863, the private bank Barclay, Bevan, Tritton and Co., precursor to the Barclay Group, took it over. At that point Twells became a partner in the enlarged concern. Twells first stood for election for City of London in 1868 but was unsuccessful. He was then elected for the constituency in 1874 but did not stand for re-election in 1880. Legacy Twells died leaving £300,000. His widow Georgiana had the church of St Mary Magdalene, Enfield, built in his memory. It was designed by William Butterfield William Butterfield (7 September 181 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matthias Attwood
Matthias Attwood (24 November 1779 – 11 November 1851) was a British Conservative and Tory politician, and banker. Attwood was the second son of ironmaster Matthias Attwood of Hawne House, Halesowen, Worcestershire and Ann née Adams, and the brother of Thomas Attwood. In 1806, he married Susannah, daughter of William Twells of Birmingham. They had at least one son, Matthias Wolverley Attwood, who became Conservative Member of Parliament (MP) for Greenwich. He joined the family bank—Spooner, Atwood and Holman—as a partner, and in 1810 and 1811 he became a prominent pamphleteering opponent of the resumption of cash payments, converting publicist William Cobbett, while his brother, Thomas, led the opposition to the orders in council at Birmingham. From 1820, he began to promote and direct numerous public companies. His campaigning led to Attwood's decision to stand for election to parliament, and he was recommended to the Tory MP for Fowey, George Lucy. While Lucy was not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet Archive
The Internet Archive is an American digital library with the stated mission of "universal access to all knowledge". It provides free public access to collections of digitized materials, including websites, software applications/games, music, movies/videos, moving images, and millions of books. In addition to its archiving function, the Archive is an activist organization, advocating a free and open Internet. , the Internet Archive holds over 35 million books and texts, 8.5 million movies, videos and TV shows, 894 thousand software programs, 14 million audio files, 4.4 million images, 2.4 million TV clips, 241 thousand concerts, and over 734 billion web pages in the Wayback Machine. The Internet Archive allows the public to upload and download digital material to its data cluster, but the bulk of its data is collected automatically by its web crawlers, which work to preserve as much of the public web as possible. Its web archiving, web archive, the Wayback Machine, contains hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Twells
Edward Twells (1823 – 4 May 1898) was the first Bishop of Bloemfontein in South Africa from 1863 to 1869. He was the younger brother of Henry Twells. He died at the age of 70 at his house, Pembrokegate, at Clifton, Bristol. Twells was consecrated Bishop of the Orange Free State in Westminster Abbey on 2 February 1863 under the Bishops in Foreign Countries Act 1841, and went out to the colony, in the interior of South Africa, with three priests and two schoolmasters. In November 1863 Twells founded the Diocesan Grammar School since known as St. Andrew's School, Bloemfontein. He called for the establishment of a Missionary Brotherhood, in 1865, in response to which H. F. Beckett (Henry) left England for the Free State, in July 1867, with seven young men who would be the founding members of the Brotherhood of St Augustine of Hippo, later of Modderpoort. In 1867, Twells went to the Lambeth Conference and was a proponent of the cause of Robert Gray, Bishop of Cape Town, in hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
-Connecticut_-2_Jan_1775_OBV.jpg "Click for more on -> Colonial Scrip")
