Richard Hoare
Photo: Jonathan Richardson the younger, Public domain, via Wikimedia Commons11

Richard Hoare

English banker (1648–1719)

Sir Richard Hoare (1648 – 6 January 1719) was an English banker who founded C. Hoare & Co., the oldest extant bank in Britain.2

From Wikipedia’s article on Richard Hoare (this version), CC BY-SA 4.0.

Born 1649, died Jan 6, 1719.1

Companies

Career

Occupation: goldsmith, politician, banker.6

  • 1712 to 1713Lord Mayor of London5
  • Since 1709Sheriff of the City of London5
  • Since 1672Worked at C. Hoare & Co3
  • Date not recordedFounded C. Hoare & Co4
  • Date not recordedMember of the 3rd Parliament of Great Britain5
  • Date not recordedMember of Parliament of Great Britain5
  • Date not recordedMember of the 4th Parliament of Great Britain5

Known for: C. Hoare & Co.7

Raised near Smithfield Market in London, only son of horse-dealer Henry Hoare (died 1699) and Cicely (died 1679), Richard Hoare began his working life apprenticed to the goldsmith Richard Moore from 9 June 1665 for seven years. He was granted the Freedom of the Worshipful Company of Goldsmiths on 5 July 1672. This date marks the foundation of C. Hoare & Co as a goldsmith's business at the sign of the Golden Bottle in Cheapside, London.

From Wikipedia’s article on Richard Hoare (this version), CC BY-SA 4.0.

Personal life

  • CitizenshipKingdom of Great Britain8
  • SpouseSusannah Austin9

Hoare married Susanna Austen; they had 17 children (one of whom was Henry Hoare I).

From Wikipedia’s article on Richard Hoare (this version), CC BY-SA 4.0.

Politics

Hoare, a Tory, stood for election as Sheriff of London in June 1702 but was unsuccessful. He was knighted by Queen Anne in October 1702. He attained the office of alderman in September 1703. At the general election of May 1705, he first stood for parliament in the City of London constituency, but could only manage fifth place, as the City’s Tories were soundly defeated. He also failed in the City election of 1708, finishing seventh, as the Whigs once again dominated the poll.

Contesting the mayoral election of September 1710 he unsuccessfully challenged the Whig leader (Sir) Gilbert Heathcote but was appointed Sheriff of London instead and was elected to Parliament in the same year, finishing second in the poll. He finally became Lord Mayor of London in September 1712 having also contested the election in 1711. The City election of 1713 saw Hoare returned to Parliament having again finished second but he did not stand in 1715. He subsequently withdrew from public life in 1718 due to ill-health. Hoare died at Hendon on 6 January 1719.

A monument to his memory stands in the church of St Dunstan-in-the-West and was designed and created by Thomas Stayner.

From Wikipedia’s article on Richard Hoare (this version), CC BY-SA 4.0.