Sir John Reid, 2nd Baronet
Sir John Rae Reid, 2nd Baronet (1791–1867) was a Scottish merchant and financier. He was a Tory and Conservative politician who sat in the House of Commons between 1830 and 1847.
Early life
[edit]Reid was the son of Sir Thomas Reid of Ewell Grove and his wife Elizabeth Goodfellow. He succeeded his father in the baronetcy in 1824[1]
Political life
[edit]Reid was the Member of Parliament for Dover, Kent from 1830 to 1831 and from 1832 to 1847.[2]
Slave ownership
[edit]According to the Legacies of British Slave-Ownership at the University College London, Reid was awarded compensation in the aftermath of the Slavery Abolition Act 1833 with the Slave Compensation Act 1837.[3]
Reid was associated with seventeen different claims, he owned over 3000 slaves in British Guiana, Jamaica, St Kitts, Trinidad and the British Virgin Islands. He received over £62,000 in compensation from these claims (worth £7.43 million in 2024) [4].[5]
Career
[edit]Reid was head of the firm Reid, Irving & Co., and later a Director (1820 to 1847) of the Bank of England, except when acting as Deputy Governor (1837 to 1839) or Governor (1839 to 1841).[6] In June 2020 the Bank of England issued a public apology for the involvement of Reid, amongst other employees, in the slave trade following the investigation by the Centre for the Study of the Legacies of British Slave-ownership at UCL.[7]
Personal life
[edit]He married Maria Louisa, the daughter of Richard Eaton of Stetchworth Park, Cambridgeshire with whom he had 2 sons and a daughter.[2]
References
[edit]- ^ Debrett's Baronetage of England (1835)
- ^ a b "REID, Sir John Rae, 2nd bt. (1791-1867), of 8 Broad Street Buildings, Finsbury Circus, London and Ewell Grove, Surr". History of Parliament Online. Retrieved 22 May 2017.
- ^ "Sir John Rae Reid 2nd Bart". University College London. Retrieved on 20 March 2019.
- ^ UK Retail Price Index inflation figures are based on data from Clark, Gregory (2017). "The Annual RPI and Average Earnings for Britain, 1209 to Present (New Series)". MeasuringWorth. Retrieved 7 May 2024.
- ^ "Sir John Rae Reid 2nd Bart". University College London. Retrieved on 15 September 2021.
- ^ http://carlyleletters.dukejournals.org/cgi/content/full/22/1/lt-18471002-TC-AC-01#FN1_REF Archived 21 July 2011 at the Wayback Machine (footnote 1)
- ^ 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.
External links
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- 1791 births
- 1867 deaths
- Baronets in the Baronetage of the United Kingdom
- Conservative Party (UK) MPs for English constituencies
- Governors of the Bank of England
- UK MPs 1830–1831
- UK MPs 1832–1835
- UK MPs 1835–1837
- UK MPs 1837–1841
- UK MPs 1841–1847
- Tory MPs (pre-1834)
- Members of the Parliament of the United Kingdom for Dover
- Anglo-Scots
- Scottish slave owners
- Recipients of payments from the Slavery Abolition Act 1833
- 19th-century Scottish businesspeople
- Baronets in the Baronetage of the United Kingdom stubs
- Conservative MP for England stubs
- Conservative MP (UK), 18th-century birth stubs