Barclays Bank, Darlington
© Karenjc and licensed under the
Creative Commons Attribution-ShareAlike 3.0 Unported
license (see here).
Creative Commons Attribution-ShareAlike 3.0 Unported
license (see here).
Quakers have played a very
important role in the history of Darlington and its environs – and at a time
when they were barred from political life, universities, the judiciary and a
whole host of other roles in society. Being forced into their own businesses,
they often found themselves acting as our bankers, financiers and industrialists
– with startling results.
One such tale is the rise of the
mighty Barclays Bank, which can trace a substantial portion of its roots to the
town of Darlington .
James Backhouse, a wealthy Quaker flax dresser and linen manufacturer, set up
Backhouse’s Bank in the town in 1774 – originally as a sideline to his main
business (from the 1750s), then subsequently as an entity in its own right. As
the Industrial Revolution took hold in the years following this bold move, the
institution grew, too – essentially bankrolling the growth of the railways and
related industries of the area (most notably financing the Stockton &
Darlington Railway).
James’s sons, Jonathan and James
Jnr, helped and then succeeded their father; and in turn Jonathan’s son
(another Jonathan) took over. The next generation (Edmund) took things even
further; to be followed by his son,
Sir Jonathan Backhouse – under whose guidance the bank merged with Gurney’s
Bank of Norwich and the existing Barclays of London in 1896 to form the nationwide
monster that we now know as Barclays Bank. At the time of the merger of these
institutions – all of them Quaker-run – there were 20 Backhouse branches across
the region, and this northern powerhouse was one of the lead banks in the
amalgamation.
Interestingly, the Backhouse and
Barclay families even intermarried. Alfred Backhouse, who for a time ran the HQ
of the Backhouse empire from what is now the Barclays Bank building in High
Row, Darlington , married Rachel Barclay in
1851. The couple, who were extremely wealthy, were pioneers of public health,
helping to establish two hospitals in the town. Similarly, Alfred’s nephew,
James Edward, also married into the Barclay family.
Many of the above named
individuals are buried in the Quaker (Friends) Burial Ground in the town.
No comments:
Post a Comment