Abraham Newland 1730-1807

Born: 23 Apr 1730 Castle Street, Southwark
Died: 01 Nov 1807
Father:William Newland
Mother:Ann Arnold
Occupation:Chief Cashier, Bank Of England, 1778-1807
Buried: Southwark Cathedral
Updated: 01 Dec 1996


Letter, dated 16 Mar 1995, to Mrs E.C.L.Otway, nee Hewat, daughter of Margaret Edith Hewat, nee Newland.

Museum & Historical Research, Bank of England, Threadneedle Street, London EC2R 8AH

I am replying to your letter addressed to the Governor enquiring about Abraham Newland.

Abraham Newland was born on 23 April 1730 at Castle Street Southwark the son of William Newland, a miller and baker. It is thought that William Newland had previously lived at Grove in Buckinghamshire and that he had twenty-five children by his two wives, of whom Ann (n~e Arnold) was the mother of Abraham. This supposition is certainly borne out by the number of letters we receive to this day from members of the Newland family.

Having been elected into the service of the Bank on 25 February 1748 he was appointed Chief Cashier 30 years later on 8 January 1778 having distinguished himself by, as a biographer wrote in 1799, 'that regularity and order so necessary in money concerns...'.. He held that position until 17 September 1807 when he resigned after serving the Bank for nearly 60 years. As Chief Cashier his name appeared for legal reasons in the promissory clause on the Bank's notes from 1782 until 1807 with the result that these notes were popularly known as 'Abraham Newlands', a nickname which persisted long after they ceased to circulate.

During his period of office as Chief Cashier, he never slept away from the Bank, even though he had a house in Highbury to which he would travel by way of the Islington stage coach after business hours, returning to the Bank later in the evening. According to a biography written by John Dye Collier and published in 1808 Newland appeared to have been a "very cheerful and agreeable companion"; a game of cards was "one of the principal pleasures of his simple life", and he "read with avidity whatever book was put in his hands".

As a young man he showed a great fondness for music and it is thought that he acted for a time as organist at a Southwark Church.

He died a little over two months after he left the Bank. He was buried in the churchyard of what is now Southwark Cathedral where a small tablet to his memory was placed in the South Choir Aisle by his housekeeper, Mrs Mary Ann Cornthwaite.

He certainly departed this life with some style. The funeral which took place on Saturday 28 November left his house in Highbury at 11am and was joined on the way by several carriages. It passed the Bank three hours later at 2pm. Led by two Bank porters, then 'ten persons in deep mourning on horseback' and a plume of feathers, the hearse was followed by 'six mourning coaches; his private carriage and a number of gentlemen's carriages.' As the cortege passed the Royal Exchange business was temporarily suspended. In death he was generous to his fellows at the Bank leaving 700 guineas to Thomas Rippon, the second cashier, 10,000 to Mr Attwood, and 'To the Gentlemen belonging to the Chief Cashier's Office, about 20 in number, from 30 to 100 each, with two exceptions'. He made several other bequests including one of 250 per annum 'arising from the Broad Street Annuity (money lent by Mr Newland to the parish' to his successor Henry Hase. As one writer of the period had said of Newland some years earlier 'He is, however, no churl; for a sum of money being wanted for a building the church of St Peter-le-Poor in Broad Street, it was instantly advanced by him to the parish at the usual interest, although he could have easily turned it to better account.'

I hope you find this of interest.

Yours sincerely

Mr J M Keyworth, Curator

Source - The Curator, Bank of England Museum

ID: 1830   Generated by GedTree on 27 Aug 2002

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