Samuel Courtauld (industrialist)
   HOME

TheInfoList



OR:

Samuel Courtauld (1793 – 22 March 1881) was a British industrialist who developed his family firm,
Courtaulds Courtaulds was a United Kingdom-based manufacturer of fabric, clothing, artificial fibres, and chemicals. It was established in 1794 and became the world's leading man-made fibre production company before being broken up in 1990 into Courtaulds ...
, to become eventually the world's largest textile company.


Family

Samuel Courtauld was the eldest son of George Courtauld, founder of ''George Courtauld and Co.'' The Courtauld family were descendants of
Huguenot The Huguenots ( , also , ) were a religious group of French Protestants who held to the Reformed, or Calvinist, tradition of Protestantism. The term, which may be derived from the name of a Swiss political leader, the Genevan burgomaster Be ...
refugees who had settled in London and developed, over several generations, a highly regarded business as
metalsmith A metalsmith or simply smith is a craftsperson fashioning useful items (for example, tools, kitchenware, tableware, jewelry, armor and weapons) out of various metals. Smithing is one of the oldest list of metalworking occupations, metalworking o ...
s, working in both
silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
and
gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...
. Courtauld's father, a younger son, had made two innovations to the tradition. Firstly, George Courtauld founded a business in textiles rather than silverware and as this business is still a leading concern to this day, it is with textiles that most people associate the family. However, in the 18th century the family was as renowned for its silverware, as it would be in the 19th century for its silk and crepe and in the 20th century for its man-made textiles. The second change to tradition was that George Courtauld, baptised in the French Protestant church of the London Huguenots, would become a keen Unitarian. Samuel Courtauld would follow his father in both regards. Samuel Courtauld adopted
Louisa Ruth Lowe Louisa may refer to: Places ;Australia * Louisa Island (Tasmania) ;Canada * Louisa or Lac-Louisa, a community in Wentworth, Quebec ;Malaysia * Louisa Reef, Sabah ;United States * Louisa, Kentucky * Louisa, Missouri * Louisa, Virginia * Louis ...
(née Harris) after her mother died of puerperal fever some eleven days after her birth. When he died in 1881, she inherited his Essex estate of Gosfield Hall and much of his fortune.


Business

The Courtauld textile business was founded in 1794 in
Pebmarsh Pebmarsh is a small village and a civil parish in the Braintree District, in Essex, England. It is situated to the north east of Halstead close to the A131. The population of the village is included in the civil parish of Twinstead. Sir Ron ...
in Essex. The business was originally "throwsters", that is producers of yarn, but later specialised in weaving as in silk and crepe fabrics. George Courtauld and his cousin Peter Taylor (1790–1850) developed the business over two decades, but faced difficulties in the lean years following the end of the Napoleonic Wars, when competition from the Continent was restored. In 1816, the father decided to retire from the business and hand over his share of the business to his son; it was to be the making of the firm. After a couple of years getting to grips with the business and bringing it back to profitability, the new manager felt sufficiently confident to embark on a major programme of expansion and innovation. In 1818, Samuel Courtauld built two further mills, at
Halstead Halstead is a town and civil parish in the Braintree District of Essex, England. Its population of 11,906 in 2011Bocking. At the end of 1824 the Halstead Mill was sold to Stephen Beuzeville. In 1825, Samuel. installed a
steam engine A steam engine is a heat engine that performs mechanical work using steam as its working fluid. The steam engine uses the force produced by steam pressure to push a piston back and forth inside a cylinder. This pushing force can be trans ...
at the Bocking mill. An agreement dated 19 January 1825 was drawn up between Beuzeville and Samuel Courtauld and his partners for the conversion of the Halstead mill for silk throwing. Beuzeville was to provide the expertise, capital, and supply the silk; Courtauld was to erect the machinery
power loom A power loom is a mechanized loom, and was one of the key developments in the industrialization of weaving during the early Industrial Revolution. The first power loom was designed in 1786 by Edmund Cartwright and first built that same year. ...
s and operate the mill in return for a share in the profits; Beuzeville was to take delivery of the yarn and manufacture the crepe for which he was a technical expert of 20 years experience. The mill appears to have been in operation by the summer of 1825, with Joseph Ash as manager. The introduction of new technology was important but the mills still remained heavily dependent on manpower, or more accurately, woman-power. The looms required supervision by an army of young female workers and even in 1838, more than 92% of the workforce was female. In 1827 Stephen Beuzeville was declared bankrupt; a formal deed of sale dated 11 April 1828 was created between the commissioners in bankruptcy and Samuel Courtauld, whereby Halstead Mill (subject to charges of £300) was sold to Courtaulds for a cash payment of £1,500. Stephen and his father joined Courtaulds as employees. In 1828, Samuel brought his brother George Courtauld II (1802–1861) into the partnership and as the business developed, further partners were admitted. George Courtauld turned the company from being a relatively insignificant local family firm into a major player in the industry, with a national, or even international, reputation.


Other interests

Courtauld used his growing economic power to support a range of political issues close to his heart. As an active supporter of the Whigs, he supported the momentous
Reform Act, 1832 The Representation of the People Act 1832 (also known as the 1832 Reform Act, Great Reform Act or First Reform Act) was an Act of Parliament of the United Kingdom (indexed as 2 & 3 Will. IV c. 45) that introduced major changes to the electo ...
and he was also gave financial backing to the work of the
Anti-Corn Law League The Anti-Corn Law League was a successful political movement in Great Britain aimed at the abolition of the unpopular Corn Laws, which protected landowners’ interests by levying taxes on imported wheat, thus raising the price of bread at a tim ...
. As an enthusiastic Unitarian, he was involved in the
Nonconformist Nonconformity or nonconformism may refer to: Culture and society * Insubordination, the act of willfully disobeying an order of one's superior *Dissent, a sentiment or philosophy of non-agreement or opposition to a prevailing idea or entity ** ...
campaign against the paying of church rates to assist Anglican, and only Anglican, churches. By 1850, Courtauld was, by any estimate, an extremely successful man, in business and finance, but his great wealth was unable to do much to alleviate his increasing
deafness Deafness has varying definitions in cultural and medical contexts. In medical contexts, the meaning of deafness is hearing loss that precludes a person from understanding spoken language, an audiological condition. In this context it is written ...
. In 1854, Courtauld, now a man of some considerable fortune and standing in society, bought
Gosfield Hall Gosfield Hall is a country house in Gosfield, near Braintree in Essex, England. It is a Grade I listed building. The house was built in 1545 by Sir John Wentworth, a member of Cardinal Wolsey’s household, and hosted royal visits by Queen Eliz ...
, a
country house An English country house is a large house or mansion in the English countryside. Such houses were often owned by individuals who also owned a town house. This allowed them to spend time in the country and in the city—hence, for these peopl ...
dating back to 1545, in the
village A village is a clustered human settlement or community, larger than a hamlet but smaller than a town (although the word is often used to describe both hamlets and smaller towns), with a population typically ranging from a few hundred to ...
of the same name, not far from
Halstead Halstead is a town and civil parish in the Braintree District of Essex, England. Its population of 11,906 in 2011listed building In the United Kingdom, a listed building or listed structure is one that has been placed on one of the four statutory lists maintained by Historic England in England, Historic Environment Scotland in Scotland, in Wales, and the Northern Irel ...
but he would never fully enjoy the fruits of these labours as he was too firmly wedded to his business to contemplate retirement. He continued to play an active role in the company until just before he died in March 1881.


Legacy

The great riches generated by the success of the core textile business enabled later members of the family to pursue interests as patrons of the arts and philanthropists as well as in commerce. Notable members included Samuel Courtauld's great-nephews: * Samuel Courtauld (1876–1947): became Chairman of
Courtaulds Courtaulds was a United Kingdom-based manufacturer of fabric, clothing, artificial fibres, and chemicals. It was established in 1794 and became the world's leading man-made fibre production company before being broken up in 1990 into Courtaulds ...
in 1921, but today is probably better known as the founder of the
Courtauld Institute of Art The Courtauld Institute of Art (), commonly referred to as The Courtauld, is a self-governing college of the University of London specialising in the study of the history of art and conservation. It is among the most prestigious specialist coll ...
in London. * Sir Stephen Courtauld MC (1883–1967), was also an arts patron and, like the earlier Samuel Courtauld, developed a talent for
country house An English country house is a large house or mansion in the English countryside. Such houses were often owned by individuals who also owned a town house. This allowed them to spend time in the country and in the city—hence, for these peopl ...
restoration. In 1933, began work on
Eltham Palace Eltham Palace is a large house at Eltham ( ) in southeast London, England, within the Royal Borough of Greenwich. The house consists of the medieval great hall of a former royal residence, to which an Art Deco extension was added in the 1930s. ...
in south-east London, where he and his wife lived until 1944.


References

* {{DEFAULTSORT:Courtauld, Samuel 1793 births 1881 deaths English people of French descent English Unitarians British textile industry businesspeople
Samuel Samuel ''Šəmūʾēl'', Tiberian: ''Šămūʾēl''; ar, شموئيل or صموئيل '; el, Σαμουήλ ''Samouḗl''; la, Samūēl is a figure who, in the narratives of the Hebrew Bible, plays a key role in the transition from the bibl ...
19th-century English businesspeople