John Rudge (banker)
John Rudge (15 August 1669 – 22 March 1740), of Mark Lane,
Early life and family
Rudge was the eldest surviving son of Edward Rudge, merchant of London, and his wife Susanna Dethick, daughter of Sir John Dethick of London. His father had purchased the manor of Evesham in 1664, and represented the borough in Parliament. Rudge was chosen Mayor of Evesham for 1691. On his father's death in 1696, he succeeded to the estate of Evesham Abbey. He married Susanna Letten, the daughter and heiress of John Letten of London on 10 January 1699.[1]
Business career
Rudge quickly took control of his father's trading interests after his father's death and became a leading figure in the City of London. He was active in the Mediterranean trade, and lent money to the consul at Alicante. In 1696 he was appointed an assistant in the Royal African Company and to the committee of the East India Company. In June 1698 he provided £2,000 towards the incorporation of the New East India Company. In 1700 he signed a petition of merchants trading to Portugal. He was a director of the Bank of England from 1699 to 1711. By 1702 he had sold his stock in the Old East India Company, preferring to invest in the New East India Company, of which he was a director from 1704 to 1708.[1] He was elected Deputy Governor of the Bank of England for 1711 to 1713 and made Governor for 1713 to 1715.[2] He subsequently resumed his directorship from 1715 to his death. He was also Deputy-Governor of the South Sea Company from 1721 to 1730.
Political career
Rudge was elected
Rudge was returned again at Evesham at the
Rudge was returned as Whig MP for Evesham at the
Death and legacy
Rudge died on 22 March 1740. He had a son Edward, and two daughters. He was buried in Wheatfield, Oxfordshire where his son was living. His tomb was sculpted by Peter Scheemakers.[4]
See also
References
- ^ a b c d "RUDGE, John (1669-1740), of Mark Lane, London and Evesham Abbey, Worcs". History of Parliament online (1690-1715). Retrieved 21 May 2017.
- ^ Governors of the Bank of England. Archived 23 February 2006 at the Wayback Machine Bank of England, London, 2013. Archived here. Retrieved 28 January 2016.
- ^ "RUDGE, John (1669-1740), of Mark Lane, London and Evesham Abbey, Worcs". History of Parliament Online (1715-1754). Retrieved 13 October 2018.
- ^ Dictionary of British Sculptors 1660-1851 by Rupert Gunnis