Jeremiah Harman

Last updated

Jeremiah Harman
Born( 1763 -08-19)August 19, 1763 [1]
London, England [1]
DiedFebruary 7, 1844(1844-02-07) (aged 80) [2]
London, England
NationalityEnglish
Occupation(s)Banker, Merchant
SpouseMary Howard (1765-1861) [3]
Parent
  • John Harman (d. 1817) (father)

Jeremiah Harman was chief of a family known in the commercial world for nearly a century, and highly esteemed both in England and abroad. He may himself be said to have stood at the head of London city, both as to mercantile and private character; liberal in his dealings, and inspiring confidence by his honor and integrity, as well as love for his personal qualities. [2] As a public character Mr. Harman was known to all the ministers of the day, from William Pitt Jr downwards.

Contents

Mercantile and banking career

Harman was the principal partner of the very old standing family business, Harman and Co., in which his father was also a principal partner. The business originated with the Lisbon trade and was in extensive transactions with Portugal at the time of the Great Lisbon earthquake of 1755. To the Russian court, the house has been bankers for half a century. [2]

Harman was director of the Bank of England from 1794 to 1827; embracing the eventful period of the restriction of cash payments, [4] and all the great financial and political difficulties of England. He was much consulted by William Pitt the Younger and Lord Liverpool [5] on all questions of moment; and also gave evidence of the most important character before the Bullion Committee of 1810; before the Committees on the resumption of Cash Payments, in 1819; on the Bank Charter Committee, in 1832 which formed the basis for the Bank of England's Bank Charter Act of 1833; [2] and on other investigations of similar character and importance. [5]

He was Governor of the Bank of England between 1816 and 1818, [6] and in his first year; an addition of 25%, was made to the capital of Bankstock. Three years afterward, in 1819, the thanks of the Court were voted to him for his share in the labors of a commission which had been appointed by the Crown for the prevention of forgery. [2]

Role in financial crisis

Harman was a key figure in history for his sound judgment in implementing policy changes for dealing with financial crises. His role in the Restriction of Cash Payment, Resumption of Cash Payments and Bank Charter of 1833, along with his daily dealings in his role of Director and Governor all helped to form an understanding of what a financial crisis is. [7] He retired shortly after the Panic of 1825 in 1827 from the position of Director. His efforts were so valued that the thanks of the General Court were unanimously voted to him for his long and valuable services. [2]

Role in the slave trade

Harman is known to be a promenade figure [8] who supported abolition as he was a subscriber of the London Committee for the Society for the Abolition of the Slave Trade [9] since its initial publication. [8] So there are ties with abolition in this 1787 subscription, [9] but he was also close friends and long time business partner with Samuel Hoare Jr, abolitionist. [2] The quaker founded firm [9] hand longstanding family partnership that was known for not only it's strong and early stance on abolition, [9] but on philanthropy in general. [10] Whilst indirectly financing slavery through accepting assets that utilized slaves as collateral to loans and benefiting from the compensation scheme for slavers established as part of the Slavery Abolition Act 1833. [8] In June 2020 the Bank of England issued a public apology for the involvement of Harman, amongst other employees, in the slave trade following the investigation by the Centre for the Study of the Legacies of British Slave-ownership. [11]

Love for artwork and aesthetics

In 1797 the most famous Orleans collection of pictures was acquired by Harman from Walter Boyd, of whom he had previously conducted extensive business with. The collection was sold in the following year to the 3rd Duke of Bridgwater. [12] Much of the collection still remains within the Duke's family. Harman was well distinguished for his love and knowledge of the best works of the ancient masters; he was also a kind friend to many modern artists. So much so in fact that the renowned painter and collector Charles Lock Eastlake dedicated the translation of Goethe's Theory of Colours to Jeremiah. A work that was so well-loved that it ended up landing Eastlake the titles of secretary of the Fine Arts Commission and Keeper of the National Gallery of London. [13] Being a friend and supporter of Eastlake; Harman commissioned Eastlake's first painting, [14] a trend that would continue for many years.

Higham House; the 1768 building designed by William Newton. Woodford County High School (3).JPG
Higham House; the 1768 building designed by William Newton.

After his father's death in 1817, [15] Harman inherited Higham House in Woodford, [16] to the north of London, which had considerably more wall space; this, in turn, led to his collection increasing in size. [17] Hingham House is currently the Woodford County High School. Harman kept nearly two miles of pleasure gardens there "upon which the most fastidious eye might have satisfactorily gazed" ( Gentleman's Magazine vol 175).

Charitable pursuits

Harman was present at almost all the councils connected with charitable institutions in London, and his father and himself were amongst the founders and chief patrons of the Philanthropic Society in St. George's Fields, c. 1789. [10] An organization which still operates to this day. In acts of private charity, also, no one was more ready and liberal in relieving distress. [2] In fact, Harman was a member and trustee of the Society of Friends of Foreigners In Distress. An organization that was well-funded and aimed at providing relief for those who were most at need in London. [18]

Related Research Articles

<span class="mw-page-title-main">Abolitionism</span> Movement to end slavery

Abolitionism, or the abolitionist movement, is the movement to end slavery and liberate slaves around the world.

<span class="mw-page-title-main">William Wilberforce</span> English politician and abolitionist (1759–1833)

William Wilberforce was a British politician, a philanthropist, and a leader of the movement to abolish the slave trade. A native of Kingston upon Hull, Yorkshire, he began his political career in 1780, and became an independent Member of Parliament (MP) for Yorkshire (1784–1812). In 1785, he underwent a conversion experience and became an Evangelical Anglican, which resulted in major changes to his lifestyle and a lifelong concern for reform.

<span class="mw-page-title-main">Thomas Clarkson</span> English abolitionist (1760–1846)

Thomas Clarkson was an English abolitionist, and a leading campaigner against the slave trade in the British Empire. He helped found the Society for Effecting the Abolition of the Slave Trade and helped achieve passage of the Slave Trade Act 1807, which ended British trade in slaves.

<span class="mw-page-title-main">Slave Trade Act 1807</span> Act of the UK Parliament

The Slave Trade Act 1807, officially An Act for the Abolition of the Slave Trade, was an Act of the Parliament of the United Kingdom prohibiting the slave trade in the British Empire. Although it did not abolish the practice of slavery, it encouraged British action to press other nation states to abolish their own slave trades. It took effect on 1 May 1807, after 18 years of trying to pass an abolition bill.

<span class="mw-page-title-main">Thomas Tooke</span> 19th-century English economist

Thomas Tooke was an English economist known for writing on money and economic statistics. After Tooke's death the Statistical Society endowed the Tooke Chair of economics at King's College London, and a Tooke Prize.

<span class="mw-page-title-main">Slavery Abolition Act 1833</span> Law which abolished slavery in most of the British Empire

The Slavery Abolition Act 1833 was an Act of the Parliament of the United Kingdom which provided for the gradual abolition of slavery in most parts of the British Empire. It was passed by Earl Grey's reforming administration and expanded the jurisdiction of the Slave Trade Act 1807 and made the purchase or ownership of slaves illegal within the British Empire, with the exception of "the Territories in the Possession of the East India Company", Ceylon, and Saint Helena. The Act came into force on 1 August 1834, and was repealed in 1998 as a part of wider rationalisation of English statute law; however, later anti-slavery legislation remains in force.

<span class="mw-page-title-main">Fowell Buxton</span> English politician (1786–1845)

Sir Thomas Fowell Buxton, 1st Baronet Buxton of Belfield and Runton was an English Member of Parliament, brewer, abolitionist and social reformer. He married Hannah Gurney, whose sister became Elizabeth Fry, and became a great friend of her father Joseph Gurney and the extended Gurney family.

<span class="mw-page-title-main">George Fife Angas</span> Australian politician

George Fife Angas was an English businessman and banker who, while residing in England, played a significant part in the formation and establishment of the Province of South Australia. He established the South Australian Company and was its founding chairman of the board of directors.

<span class="mw-page-title-main">Compensated emancipation</span> Form of abolishing slavery in which former slaveowners were paid

Compensated emancipation was a method of ending slavery, under which the enslaved person's owner received compensation from the government in exchange for manumitting the slave. This could be monetary, and it could allow the owner to retain the slave for a period of labor as an indentured servant. Cash compensation rarely was equal to the slave's market value.

<span class="mw-page-title-main">Mary Prince</span> West Indian writer and enslaved woman (c. 1788–after 1833)

Mary Prince was the first black woman to publish an autobiography of her experience as a slave, born in the colony of Bermuda to an enslaved family of African descent. After being sold a number of times and being moved around the Caribbean, she was brought to England as a servant in 1828, and later left her enslaver.

Slavery at common law in the British Empire developed slowly over centuries, and was characterised by inconsistent decisions and varying rationales for the treatment of slavery, the slave trade, and the rights of slaves and slave owners. Unlike in its colonies, within the home islands of Britain, until 1807, except for statutes facilitating and taxing the international slave trade, there was virtually no legislative intervention in relation to slaves as property, and accordingly the common law had something of a "free hand" to develop, untrammelled by the "paralysing hand of the Parliamentary draftsmen". Two attempts to pass a slave code via Parliament itself both failed, one in the 1660s and the other in 1674.

<span class="mw-page-title-main">George Hibbert</span> English merchant, politician and ship-owner

George Hibbert was an English merchant, politician and ship-owner. Alongside fellow slaver Robert Milligan, he was also one of the principals of the West India Dock Company which instigated the construction of the West India Docks on London's Isle of Dogs in 1800. An amateur botanist and book-collector, he also helped found the Royal National Lifeboat Institution in 1824.

<span class="mw-page-title-main">Slave Compensation Act 1837</span> United Kingdom legislation

The Slave Compensation Act 1837 was an Act of Parliament in the United Kingdom, signed into law on 23 December 1837.

<span class="mw-page-title-main">Society for Effecting the Abolition of the Slave Trade</span> British slavery abolition organization

The Society for Effecting the Abolition of the Slave Trade, also known as the Society for the Abolition of the Slave Trade, and sometimes referred to as the Abolition Society or Anti-Slavery Society, was a British abolitionist group formed on 22 May 1787. The objective of abolishing the slave trade was achieved in 1807. The abolition of slavery in all British colonies followed in 1833.

Slavery in Britain Slavery in Great Britain

Slavery in Britain existed before the Roman occupation and until the 11th century, when the Norman conquest of England resulted in the gradual merger of the pre-conquest institution of slavery into serfdom, and all slaves were no longer recognised separately in English law or custom. By the middle of the 12th century, the institution of slavery as it had existed prior to the Norman conquest had fully disappeared, but other forms of unfree servitude continued for some centuries.

Benjamin Greene was an English businessman, newspaper owner and the founder of Greene King, one of the United Kingdom's largest brewing businesses. He later became the owner of multiple plantations in the British West Indies and supported slavery.

<span class="mw-page-title-main">Abolitionism in the United Kingdom</span> Movement to end slavery

Abolitionism in the United Kingdom was the movement in the late 18th and early 19th centuries to end the practice of slavery, whether formal or informal, in the United Kingdom, the British Empire and the world, including ending the Atlantic slave trade. It was part of a wider abolitionism movement in Western Europe and the Americas.

Harman and Co. was a well-known and respected English banking firm in the City of London. It was founded around 1740 by Quaker partners Jonathan Gurnell (1684-1753) and Joseph Hoare, and was in business until 1846. The firm traded extensively with Portugal and were agents for the Russian Imperial Court in St. Petersburg.

James Cropper (1773–1840) was an English businessman and philanthropist, known as an abolitionist who made a major contribution to the abolition of slavery throughout the British Empire in 1833.

<span class="mw-page-title-main">Planter class</span> Racial and socio-economic caste of Pan-American society

The planter class was a racial and socioeconomic caste which emerged in the Americas during European colonization in the early modern period. Members of the caste, most of whom were settlers of European descent, consisted of individuals who owned or were financially connected to plantations, large-scale farms devoted to the production of cash crops in high demand across Euro-American markets. These plantations were operated by the forced labour of slaves and indentured servants and typically existed in tropical climates, where the soil was fertile enough to handle the intensity of plantation agriculture. Cash crops produced on plantations owned by the planter class included tobacco, sugarcane, cotton, indigo, coffee, tea, cocoa, sisal, oil seeds, oil palms, hemp, rubber trees, and fruits. In North America, the planter class formed part of the American gentry.

References

  1. 1 2 Geni Jeremiah Harman Genealogy
  2. 1 2 3 4 5 6 7 8 The Gentleman's Magazine (London, England), Volume 175, 1844
  3. Geni Mary Howard Genealogy
  4. Report from the Secret Committee on the Expediency of the Bank Resuming Cash Payments 1819
  5. 1 2 30 May 1839 House of Commons Sitting on the Exportation of Gold
  6. The British Museum's Biographical details of Jeremiah Harman
  7. British Financial Crises Since 1825
  8. 1 2 3 "The City of London and slavery: evidence from the first dock companies, 1795–1800" (PDF). Archived from the original (PDF) on 18 May 2015. Retrieved 6 May 2015.
  9. 1 2 3 4 "National Gallery Jeremiah Harman Biography".
  10. 1 2 Address to the Public from the Philanthropic Society
  11. Jolly, Jasper (18 June 2020). "Bank of England apologises for role of former directors in slave trade". The Guardian. ISSN   0261-3077 . Retrieved 19 June 2020.
  12. Widening circles in finance, philanthropy and the arts 1735–1823
  13. Goethe's Theory of Colours Translators Dedication
  14. Descriptive and Historical Catalogue of the Collection of Pictures at Woburn Abbey
  15. A History of Higham House
  16. The Highams Estate History
  17. Catalogue of the very celebrated collection of pictures of Jeremiah Harman, Esq. 1844
  18. Metropolitan Charities