Jabez Spencer Balfour (4 September 1843 – 23 February 1916) was an English businessman, British Liberal Party politician and fraudster.
Balfour was born in Marylebone, London to James and Clara Lucas Balfour.
He was Member of Parliament for Tamworth from 1880 to 1885, and for Burnley from 1889 to 1893.Balfour was also interested in local politics in his home town of Croydon, Surrey where he regularly topped the poll for the school board. When Croydon was awarded borough status in 1883 he was selected as charter mayor and re-elected for a second term. In 1885 he stood as Liberal candidate in Croydon at the general election but lost to the Conservatives. He also stood unsuccessfully for the Liberals at Walworth in 1886.
In 1880 he was appointed chairman of the Northampton Street Tramways.
Together with City financiers Leopold Salomons and Sir John Pender, Balfour founded the investment underwriting firm the Trustees, Executors and Securities Insurance Corporation, Limited in December 1887.
In 1892, he was at the centre of a scandal over the failure of a series of companies which he set up and controlled, starting with the London and General Bank and culminating in the Liberator Building Society, leaving thousands of investors penniless.Instead of advancing money to home buyers, the Liberator had advanced money to property companies to buy properties owned by him, at a high price. After the swindle was discovered, Balfour fled the country. He was arrested in Argentina by Inspector Frank Froest of Scotland Yard in 1895; with extradition proceedings held up by legal wrangling, Froest simply bundled Balfour into a train and then a boat sailing for England, The Tartar Prince. The captain of the ship, Thomas Hesketh, later received a letter from Balfour thanking him for the kindness and hospitality shown during the trip back to England. Balfour was tried at the Old Bailey and sentenced to 14 years penal servitude, most of which was served in harsh conditions in Portland prison, and he was released in 1906.
After his release from prison in 1906, his memoirs were serialised by Lord Northcliffe's Weekly Despatch newspaper. Balfour died aged 72 on 23 February 1916, on a train from London to Wales, heading for a job as a mining consultant.
He married Ellen Mead in 1866.By 1880 her mental condition had deteriorated and she became a patient in the Priory Hospital, Roehampton. They had a son, James, in 1868 and four grandchildren.
Present day South Norwood, in the London Borough of Croydon, has a Balfour Road which is named after Jabez Balfour.
So does Ilford, Essex, where Balfour Road is on the former Ilford Lodge estate, bought for development by Balfour's group. In the same area Wellesley Road is named after his Croydon house and Morland Road after the road where Hobbs and Co, the builders, had their offices in Croydon. Also nearby is Granville Road: Granville was the middle name of the group's solicitor.
His name has, however, been erased from the memorial plaques at Croydon University Hospital (formerly Mayday Hospital).[ citation needed ]
Croydon Road and Tamworth Road in Arthur's Hill, Newcastle upon Tyne, were built using funds invested in the Liberator Building Society and named in tribute to Balfour.
The London Borough of Croydon is a London borough in south London, part of Outer London. It covers an area of 87 km2 (33.6 sq mi). It is the southernmost borough of London. At its centre is the historic town of Croydon from which the borough takes its name; while other urban centres include Coulsdon, Purley, South Norwood, Norbury, New Addington and Thornton Heath. Croydon is mentioned in Domesday Book, and from a small market town has expanded into one of the most populous areas on the fringe of London. The borough is now one of London's leading business, financial and cultural centres, and its influence in entertainment and the arts contribute to its status as a major metropolitan centre. Its population is 386,710, making it the second largest London borough and fifteenth largest English district.
Ilford is a large town in East London, situated in the London Borough of Redbridge. Identified as a metropolitan centre in the London Plan, Ilford is classed as a significant commercial and retail centre for the wider south east of England. It had a population of 168,168 in 2011, compared to 303,858 for the entire borough.
Goodmayes is a district of Ilford in the London Borough of Redbridge in North East London, England. It is situated approximately three miles west of Romford town centre and approximately two miles east of Ilford town centre. Goodmayes forms part of both the Romford post town and the Ilford post town. Historically part of Essex, it was part of the Municipal Borough of Ilford until 1965 when it was incorporated into Greater London.
Penge is an area of South East London, England, within the London Borough of Bromley. It is located 3.5 miles (5.6 km) west of Bromley, 3.7 miles (6.0 km) north east of Croydon and 7.1 miles (11.4 km) south east of Charing Cross, the traditional centre of London.
The London Borough of Sutton is a London borough in South London, England and forms part of Outer London. It covers an area of 43 km2 (17 sq mi) and is the 80th largest local authority in England by population. It borders the London Borough of Croydon to the east, the London Borough of Merton to the north and the Royal Borough of Kingston upon Thames to the north-west; it also borders the Surrey boroughs of Epsom and Ewell and Reigate and Banstead to the west and south respectively. The local authority is Sutton London Borough Council. Its principal town is the eponymous Sutton.
The Liberal Unionist Party was a British political party that was formed in 1886 by a faction that broke away from the Liberal Party. Led by Lord Hartington and Joseph Chamberlain, the party formed a political alliance with the Conservative Party in opposition to Irish Home Rule. The two parties formed the ten-year-long coalition Unionist Government 1895–1905 but kept separate political funds and their own party organisations until a complete merger between the Liberal Unionist and the Conservative parties was agreed to in May 1912.
Tamworth is a large market town and borough in Staffordshire, England, 14 miles (23 km) north-east of Birmingham and on the West Coast Main Line. The town adjoins Warwickshire to the south and east, Lichfield to the north and west and local junctions of the M6 Toll motorway. It takes its name from the River Tame, which flows through it. The population of Tamworth borough (mid-2019 est.) was 76,696. The wider urban area has a population of 81,964.
Spencer Compton Cavendish, 8th Duke of Devonshire, styled Lord Cavendish of Keighley between 1834 and 1858 and Marquess of Hartington between 1858 and 1891, was a British statesman. He has the distinction of having served as leader of three political parties: as Leader of the Liberal Party in the House of Commons (1875–1880), of the Liberal Unionist Party (1886–1903) and of the Unionists in the House of Lords (1902–1903). After 1886 he increasingly voted with the Conservatives. He declined to become prime minister on three occasions, because the circumstances were never right. Historian Roy Jenkins said he was "too easy-going and too little of a party man." He held some passions, but he rarely displayed them regarding the most controversial issues of the day.
Granville George Leveson-Gower, 2nd Earl Granville,, styled Lord Leveson until 1846, was a British Liberal statesman from the Leveson-Gower family.
Upper Norwood is an area of south-east London, England, within the London Boroughs of Bromley, Croydon, Lambeth and Southwark. It is north of Croydon and part is better known as the Crystal Palace area.
Croydon is a large town in south London, England. It is 9.4 miles (15.1 km) south of Charing Cross. The principal settlement in the London Borough of Croydon, it is one of the largest commercial districts in Greater London outside Central London, with an extensive shopping district and night-time economy. The entire town had a population of 192,064 as of 2011, whilst the wider borough had a population of 384,837.
David McKie is a British journalist and historian.
Whitehall Court in London, England, is one contiguous building but consists of two separate constructions. The south end was designed by Thomas Archer and A. Green and constructed as a block of luxury residential apartments in 1884 while the north end, occupied by the National Liberal Club, was designed by Alfred Waterhouse and completed in 1887.
Pollards Hill is a small residential district straddling south London boroughs of Croydon and Merton between Mitcham and Norbury. The boundary of the two boroughs is a street named Recreation Way. No roads directly cross the Croydon and Merton divide, and streets were planned according to borough, leading to differing architectural or building schemes. It lends its name to a ward of the London Borough of Merton.
The Royal Horseguards Hotel is a London hotel situated in the area of Whitehall. It is operated by Guoman Hotels, a subsidiary of Thistle Hotels.
Clara Lucas Balfour was an English temperance campaigner, lecturer and author. For many years, she was associated with the philanthropic movements of her time.
Dawson Burns (1828–1909) was an English Baptist minister and temperance activist.
Francis Moses Coldwells was a British businessman and Liberal Party politician.
The 1893 Burnley by-election was held on 6 February 1893 after the resignation of the incumbent Liberal MP Jabez Spencer Balfour due to the collapse of the Liberator Building Society, for which he was eventually convicted. It was retained by the Liberal candidate Philip Stanhope.
James Balfour: I am the son of the last witness [...]
|Parliament of the United Kingdom|
Sir Robert Peel and
| Member of Parliament for Tamworth |
1880 – 1885
With: Hamar Bass
Philip Albert Muntz
| Member of Parliament for Burnley |
1889 – 1893